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Updated about 6 years ago,
License requirements in regard to managing properties.
I am just beginning my real estate investing career and have a few questions.
I am a big fan of vertical integration where I control every part of the business from rehab to management. Recently I read where to be a property manager you have to have a real estate brokers license. I would like to start my own property management company where I potentially manage other investors properties also in the future, but mainly to effectively manage my own with employees of my management side of my business. If I simply hire people to manage my properties (not a broker or management company just employees of mine) do I need a brokers license for that? And in regard to getting my brokers license I don't particularly have the desire to be an agent showing houses as an employee of a broker but i read where 1 to 3 years of experience is required to get your brokers license, is there any way around that?
Thanks for any input and help!