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General Landlording & Rental Properties

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Simon W.
Pro Member
  • Accountant
  • Lehigh Valley PA & New York City
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1,144
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Property Management without Licenses

Simon W.
Pro Member
  • Accountant
  • Lehigh Valley PA & New York City
Posted Dec 18 2014, 11:28

Hi Everyone,

I have a different question about this. I know you see the subject and it's been beaten to death.

My question is this. I am close to starting my own firm with license and was wondering how to do a full service management. I came across Master Lease Agreement, but not sure if the owners are willing to do that so I want to have alternative options.

If my company is added to the owner's LLC as a manager, would that be okay or I still need to be licensed?

If that doesn't work, how about adding my company to their LLC as a member with 0% or 1% ownership? (not sure if they are willing to do this as well)

I am just trying to structure everything before I launch my firm.

Any advice would be great! 

Thank you.

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