STR management in MIchigan- if a broker's license is needed

[Renee Bacon]

Hello! 

I know traditional property managers in Michigan need a broker's license (or to be an agent under someone w/ their broker's license) to manage other people properties. But does this also apply to managing STR's?

What if I wanted to rent a 3/1 apartment (NOT owned by me) in my smaller city and make it a STR, would this break the 'PM' rules?

And/Or would I have to claim this activity on tax Schedule C (versus E)? Just trying to set this up the right way... 

***Here is what one site described Michigan PM as:

Property management is:

1) the leasing or renting, or the offering to lease or rent, of real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

2) However, if the activities provided do not include leasing or renting services, a license is not required.

IF specifically, I don't offer a renting 'service,' I just rent the apartment myself, then sublease the whole STR on my own. Is that even a true PM service?

Thanks for your guidance!

[Rhonda Blue]

Hi Renee

We just went through this here. I will PM you!