Questions related to property manager

[Kishor Y.]

Hello BP,

I am renting out my first property next week in WA and I have few questions related to property manager.

My property manager doesn't have insurance ( General Commercial Liability Insurance and Errors and Omission Insurance proof)

I have both landlaord's insurance as well as an umbrealla insurance.

1) How can I ensure I am protected because of a fault from property manager?

2) My PM is keeping my name on the lease agreement instead of keeping his name. Is that normal ?

3) Also, I don't have an LLC, I don't want to keep my house address for privacy reasons, I am thinking of renting a mail box, any luck with that?

4) My property manager is giving an option for me to get the rent deposited into my account directly from the tenant, is that okay ? any issues with that?

5) I didn't have an agreement with my PM, should I get one? Is there any problem for not having one? 

[Dennis Wasilewski]

This doesn't sound legit.  Pretty sure Washington state requires a property management company to operate with a brokers license... which reading between the lines these guys do not have.