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Updated about 9 years ago on . Most recent reply

User Stats

15
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4
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Keith Minton
  • Investor
  • Willoughby , OH
4
Votes |
15
Posts

Property Management / Broker

Keith Minton
  • Investor
  • Willoughby , OH
Posted

Hello

I own about 15 rental properties near Cleveland Ohio. Most of these are multi-family so its about 28 apartments in total. All the properties are in one LLC. I currently do the property management by myself with the help of a business partner and a VA.

I want to separate these properties into about 3-5 different LLCs to spread my liability, then i want to separate the property management into a separate company to spread the risk. I am finding out that if i want to do this i will need a Real Estate Brokers license to management these properties then. Is that correct and if so how can i accomplish this diversification of risk ?

I don't want to get a separate property management company, because i feel that this area is a competitive advantage for us now. 

I do know a couple of Real Estate Brokers in my area.

Thanks for the help.

Keith

  • Keith Minton
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