Property Management / Broker
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