RE License & Managing Properties in Ohio

[Jay J.]

I have a question. I've read multiple times that in order for me to 'manage a property' (meaning, I'd own a rental unit, SF or MF) in Ohio I need to have a real estate license. Assuming that's true, when or at what point does this become effective? let me explain what I mean with two examples..

#1 -I buy a quad. I live in one and rent out the other three. Do I need a license to manage my quad?

#2 -I buy a SF. Rehab it and a year later, rent it and move out. Do I need a license to manage my SF?

Thanks and any info is appreciated!

[Tristam Griffith]

The answers are correct.

You DO NOT need a license to manage properties you own, or are a shareholder in.

You do need a license if you take a fee for managing anyone else's property.

Good luck!