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Minnesota Real Estate Q&A Discussion Forum
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Updated 7 days ago on . Most recent reply

User Stats

91
Posts
38
Votes
Daniel Godbout
  • Investor
  • Oceanside, CA
38
Votes |
91
Posts

MN Property Manager Requirements

Daniel Godbout
  • Investor
  • Oceanside, CA
Posted

Hi, what would be the requirements if I wanted to have my father (non-owner) manage a property (SFR) for me in MN? Real estate license, background check, other? I went through the tenant/landlord handbook a little while back, but I don't recall it specifically addressing that.

Most Popular Reply

User Stats

91
Posts
38
Votes
Daniel Godbout
  • Investor
  • Oceanside, CA
38
Votes |
91
Posts
Daniel Godbout
  • Investor
  • Oceanside, CA
Replied

Thanks guys! I emailed the Minnesota Department of Commerce and they pretty much said yes, he would need to be licensed as a broker. I was asking with the assumption that I can at least manage the property myself, but based on the documentation they provided it seems like not if I don't have a broker license myself... So I have a couple clarifying questions out to them. I can always hire property management for these, but there aren't any really good ones in the area that I'm investing in. If this is the case, it's a bummer. Getting your brokers license is definitely not worth it if you're only doing small scale property management with it. 

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