All Forum Posts by: Cody Dawson

 @James Wise nothing wrong with partnering with a broker.  It is equivalent to having a guarantor/sponsor with lenders, to get approved for funding, and is perfectly legal.  I am working with a local investor that is continuing to grow their portfolio and they are looking for me to grow with them (10's of units, not hundreds).  At this point, not looking to go out and compete with large property management companies and pulling in new clients, just looking to support existing investor, which is why I am not looking to dive right in and go through the multiple years to become a broker.

 Thanks for the insight as well as the reference!  I am going to reach out to Marc and see if I can pick his brain.

 @Drew Sygit fair question.  Everyone has to start from somewhere, so I wasn't sure if there were smaller broker's out there that were interested in teaching.  Sort of the same rationale for why someone would sign-up to be a sponsor/guarantor for someone who doesn't have the financial backing yet for institutions to lend on larger deals.

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. 

Aaron, I thought I posted in the Cleveland Real Estate Forum, so I am in Cleveland.

Does anyone have a recommendation for a CPA whose client base is primarily or significantly real estate investors?  Would definitely prefer if the individual/company had experience with house hacking as well!  New to this whole forum thing and noticed that someone recently asked the question below.  Sorry for the duplication!!