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Updated over 5 years ago,
Considering RE License to do Property Management - need broker
I am managing 34 units now as part as my portfolio and considering going into the property management business and include properties outside of my own portfolio. So in Texas, I would need to get a RE license or partner with someone with an RE license. As I hate having my future dictated by others, I would prefer to have that credential so not to have issues in the future. I also intend to act as an agent but only for a handful of deals a year to supplement the rental income to purchase more properties.
So before I invest the time and money, I wanted to see if there are brokers out there that would support this approach? In discussing with my current RE agent, this could be hard to find a broker due to the potential liabilities and low number of deals. If there are brokers out there that would be willing to work with this structure, please pm me as I would like to learn more before I move forward with the above.
Bryan