Any Licensed Agents Here Managing Their Own Rentals

[Jeff Scholen]

I have a few I manage for myself but I am wondering if I want to expand into managing for others and I need to get a license, are their any brokers who would allow me to run it my way and on my own accounts, in Augusta?

[Richard F.]

Quote from @John Underwood:

Quote from @Richard F.:

As a licensee, in many states you cannot legally or ethically manage your own units. You can sign a Management Agreement with your company so they have the responsibility and liability, with you technically working at their direction and with their authority. And their "systems".

Of course, you can set up your own Brokerage any way you want, within the laws and adhering to other Standards and Practices if you become a member of local or national RE Boards, which control the access to MLS. Also, as a fiduciary to your clients, with or without Board membership, you are on the hook, legally.

An unlicensed individual can only work for ONE property owner in any sort of "real estate related tasks" as defined by the license laws in most states, even if that Owner has 100 properties.  

 Are you saying that if I am not  licensed as a Realtor, Broker, PM I can't manage properties that I own?

 No, you misread. I mean the exact opposite. Unlicensed, manage your own, or for ONE owner. Licensed, cannot directly manage your own, without an agreement with the brokerage company. As always, depends on laws of specific jurisdictions.