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Updated almost 6 years ago on . Most recent reply

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Alex Korch
  • Emmaus pa
1
Votes |
11
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Property Manager Accepting Rent

Alex Korch
  • Emmaus pa
Posted

I am have heard through the grapevine that the property management side of my company cannot accept rents for properties that I do not own with out a brokers lenience is this true?

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1,883
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Marc Winter
  • Real Estate Broker
  • Northeast PA
2,762
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Marc Winter
  • Real Estate Broker
  • Northeast PA
Replied

@Alex Korch, you want to find a 'work-around'?  Is that a fancy term for cheating?  The only way you can legally manage other owner's property without a license is to be hired exclusively by the owner of the property as an employee.

The laws you seek to evade are in place to protect the public AND you and the owner from really stepping in it.  Having the Feds come after you and the owner of a property you are illegally managing is no picnic. Innocently (because of ignorance) say the wrong thing to the wrong applicant and you are toast!

@Tom Parris gave you sound advice.  Be smart--if you want to be a property manager, do it the right way right from the start.  

The difference between being involved in RE and being committed to it?   In a breakfast of bacon and eggs, the chicken is INVOLVED; the pig is COMMITTED!

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