need managing broker in Washington State
Hi All,
Looking for ideas. I want to start a property management company in Washington State. I am not a realtor or broker nor have I ever been one. Washington State law requires that property management companies have a managing broker on staff. Given that I am just starting out, I don't have the cash flow coming in to hire a managing broker.
Does anyone have any ideas on how I can work around this issue? I need a licensed manage broker as an "employee" of my business for legal reasons, but I don't need this individual to do anything for my business other then hold a license which would make it legal for me to operate my property management company in Washington State.
Aside from hiring an individual for a token fee each month - ie 100 to 200 dollars to be an "employee" of my company, I cant think of any other reasonable option. I could partner with an individual that holds such a license to start my business, but finding the right person for this would be a challenge in itself.
Please share any thoughts you all might have on any other options that may work for me.
Thanks
Shawn