Managing Properties My Own vs Others

[KC Conti]

Good Morning Everyone,

I have a bit of dilemma that I need help with, if you please. I have owned and managed a fourplex for a little over a year now. I actually LOVE IT. I love typing in my spreadsheets, taking care of tenant issues, and paying bills ... Yep, I'm weird I LOVE TAKING CARE OF BILLS.

So here is the problem... I have a close individual (who I work with in my full time job) who wants me to manage and my husband (who is a contractor) to do the maintenance on a 17 unit complex they are buying. They appreciate my organization, my leases, how I screen tenants, how I take care of bills and how money gets allocated. We are in NY and to be a "property manager" you have to be a real estate sales person and be sponsored by a real estate company, then become a broker. Well, I have a full time job that I also love and I have no desire to be a realtor ... No Offense to realtors.

Does anyone have a loop hole around this? Can I just be an independent contractor as a 'care taker'? Can I just invoice them for my work through my husband when he does the maintenance?


This is an amazing opportunity for both my husband and I, and it will open doors for us getting more of our own rentals. I really don't want to give this up, but I want to make sure everything will be fair and on the up & up.

Any help or suggestions would be really REALLY appreciated! Thank you for reading my post!

[Nathan Gesner]

I believe Florida allows this. You would have to be an employee, paid a salary and not a commission or on a transactional basis. You can contact the real estate licensing board or talk to an attorney for verification.

I know some people in my area that own 100 units in Cody, Wyoming while living in Florida. They have a local, full-time employee managing their properties for them that is not licensed but is paid a salary.