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Updated over 2 years ago,
Real Estate Broker Partner
I am getting into property management company of STR's outside of the doors that I personally own. It appears as if in Ohio, in order to be a property manager for a place you do not own, you must be a real estate broker, of which I am not. I have heard that you can partner with one, similar to how agents partner with a broker for listings. Currently, this is a small operation, 4 doors, but intending to grow. Does anyone have a recommendation for a local broker that might be interested in partnering as I am starting out?
The only other workaround I am familiar with is if you don’t actually collect revenue and the owner still does, deposits in their own account, and pays you monthly. However, that is not exactly attractive for passive investors.