General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Manage a rental for my Mother?
My Mom has a single family rental property where we both live in Oregon and I would like to help save her some money, starting this year, by managing her rental when I take over management of the 3 rentals my wife and I have. I am unsure if that is possible at all or if it depends on circumstances such as if I am compensated or if I have any ownership stake. I don't have ownership stake and I am happy to do it for little or no compensation.
I am hoping for concrete answers if anyone has them.
Thank you to anyone that takes the time to reply.
Most Popular Reply

Depends on how you do it. I have a friend who's a realtor and uses a friend who manages his property. Manage Is a very vague and abused term, so he issues the payments calling it "janitorial services". Both payer and payee records the income and expense, and no license is required to be a janitor in this case, or as a messenger in my CPA's case.