Property Manager · Member since 2022 · 5 posts · 0 votes
My family has home that has been a place we use for anyone in the family who needs a home. Recently, the family member living in the home decided to move out. We all would ideally like to sell the home once the market is in a better place and use those proceeds to fund a new home purchase. For now, we will need to rent the home. I've been a property manager for almost a decade, so my family has turned to me to be the property manager. My experience as a manager though has always been an employee for a management company. I'm unsure if I am able to manage the property without a real estate license. Which leads me to a few questions about how to make this work.
1. Can I be the property manager without a real estate license?
If not, then 2. Can I be an employee manager under my family's LLC for the property?
If not, then 3. Can I be added as an owner to the property and then be considered self managing the property?
If you and your family own the property, then there is no reason you can't manage your own property. If you hold yourself out as a property manager for others, however, you would usually need a license.