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General Landlording & Rental Properties

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Mitchell Senkowicz
Pro Member
  • Realtor
  • Delray Beach, FL
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Can I manage properties for a friend w/o being a broker

Mitchell Senkowicz
Pro Member
  • Realtor
  • Delray Beach, FL
Posted Sep 24 2019, 09:11

Hi, looking for some advice with the legality of entering into property management.

I'm a licensed Realtor in Florida but not a Broker. A friend of mine is asking if I would like to manage a rental of his and maybe add more under management in the future. 

Can I list/lease the property under my broker's name and then manage the property once it's rented on my own or through another LLC? I understand you need a broker's license as a Prop Manger to perform RE activities like listing and leasing, but after that is done and the tenant is in place can I not just have a seperate contract, outside of my brokerage, to manage the day to day operations of the property and get paid directly?

Any advice would be appreciated.

Thanks,

Mitch

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