Physical location required for WA state property management firm?
Greetings all!
I just signed up and have been really enjoying the site and podcasts. I'm going to jump right in and try and tap all the BP knowledge!
I am hoping to start a property management firm in Washington state. State law requires property managers be licensed managing brokers, I will be licensed but I came across this:
RCW 18.85.231
"Every licensed real estate firm must have and maintain an office or records depositories accessible in this state to representatives of the director. The firm must maintain and produce a complete set of records as required by this chapter. The director may prescribe rules for alternative and electronic record storage."
I was hoping to work out of my home until it makes sense for a commercial location. Does anyone know what qualifies as a "records depository"? Does anyone know of alternative solutions?
Thanks,
David