General Landlording & Rental Properties

User Stats

5
Posts
0
Votes
Mitchell Senkowicz
  • Realtor
  • Delray Beach, FL
0
Votes |
5
Posts

Can I manage properties for a friend w/o being a broker

Mitchell Senkowicz
  • 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

Loading replies...