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Updated over 1 year ago,

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Morgan Nandin
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Helping manage dad's properties

Morgan Nandin
Posted

My father recently asked for my help to help him stay "organized" with his rentals.  He has 6 units.  We flipped a house together 2 years ago and I was in control of budget and all book keeping.  I have showed him the Rent Redi app and he would like me to use/run the app with his rental properties because he is not tech savy.  I am not an owner of these properties but I would be helping him manage them.  I know in NY you need to be a licensed broker to be a property manager but I would not be showing the property, I am more of a secretary I guess but it would be through my bigger pockets pro account and rent redi account.

I want to make sure we are not breaking any laws with me helping him out.  Any advice would be appreciated!

(The goal of this is to obviously help him stay organized but I am eventually going to buy these properties off of him or he is going to put them in a trust.  This is helping me gain more experience as well while I am looking to purchase my own rentals)

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