Investor · Tampa, FL · Member since 2020 · 20 posts · 4 votes
Hey all, starting a short-term rental management company here in Florida and haven't been able to find any concrete information around if a license is needed to manage specifically short-term and/or vacation rentals in Florida. Continuing to research but would love insight from anyone here with answers or could point me in the right direction. Thank you!
Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
3y
You pretty much need a real estate license or property management license to run a true all-out PM company in every state. I believe there are only 5 or 6 that have no laws as of right now. If you get into co-hosting a STR and the owner still has some responsibilities, that handles the license issues until you get a realtor's license, or just carry on with co-hosting.
Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
3y
You pretty much need a real estate license or property management license to run a true all-out PM company in every state. I believe there are only 5 or 6 that have no laws as of right now. If you get into co-hosting a STR and the owner still has some responsibilities, that handles the license issues until you get a realtor's license, or just carry on with co-hosting.
You pretty much need a real estate license or property management license to run a true all-out PM company in every state. I believe there are only 5 or 6 that have no laws as of right now. If you get into co-hosting a STR and the owner still has some responsibilities, that handles the license issues until you get a realtor's license, or just carry on with co-hosting.
Hi Sarah, I appreciate your input! Do you know the technical differences between a Co-host and a PM company? I of course want to go about it legally, but also strategically if the Co-hosting route has more lenience. Just not familiar the actual difference between the two options. Thank you!
Hey all, starting a short-term rental management company here in Florida and haven't been able to find any concrete information around if a license is needed to manage specifically short-term and/or vacation rentals in Florida. Continuing to research but would love insight from anyone here with answers or could point me in the right direction. Thank you!
I would say 1000% yes, as you need a RE license in all other states to do PM
You pretty much need a real estate license or property management license to run a true all-out PM company in every state. I believe there are only 5 or 6 that have no laws as of right now. If you get into co-hosting a STR and the owner still has some responsibilities, that handles the license issues until you get a realtor's license, or just carry on with co-hosting.
Hi Sarah, I appreciate your input! Do you know the technical differences between a Co-host and a PM company? I of course want to go about it legally, but also strategically if the Co-hosting route has more lenience. Just not familiar the actual difference between the two options. Thank you!
Yes, I do! Since we have started a co-hosting company, we needed to learn as well. Mostly it's handling the income money of the STR and creating the listing, although there is debate about that depending on the state laws. If you'll give me a couple hours, I'll send you a DM.
Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
3y
@Tyler Garcia, call the board. Get the real answer. Co-Hosting isn't the same as full property management, but you need to call.
You aren't local to FL right? Personally I would never hire a co-host let alone one that was 3k miles away. You don't bring much to the table if you aren't right there. Unless you are charging a crazy low price. Like VA type pricing.
@Tyler Garcia, call the board. Get the real answer. Co-Hosting isn't the same as full property management, but you need to call.
You aren't local to FL right? Personally I would never hire a co-host let alone one that was 3k miles away. You don't bring much to the table if you aren't right there. Unless you are charging a crazy low price. Like VA type pricing.
You pretty much need a real estate license or property management license to run a true all-out PM company in every state. I believe there are only 5 or 6 that have no laws as of right now. If you get into co-hosting a STR and the owner still has some responsibilities, that handles the license issues until you get a realtor's license, or just carry on with co-hosting.
Hi Sarah, I appreciate your input! Do you know the technical differences between a Co-host and a PM company? I of course want to go about it legally, but also strategically if the Co-hosting route has more lenience. Just not familiar the actual difference between the two options. Thank you!
This is not professional advice.
As many have stated, check the regulations in your State. The activities that (almost) always require a license: - collect rents - prepare leases or other legal documents for your clients
I think you might be able to assist your clients by offering some in-person services or managing the software without licenses. In that case, your client will self-manage, but assign some tasks to you. Maybe it's similar to the co-hosting idea.