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Updated over 4 years ago on . Most recent reply

Michael Balducci's profile image
Michael Balducci's profile image
Michael Balducci
  • Rental Property Investor
  • from Huntsville, AL
  • Member since Apr 10, 2018
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Michael Balducci's profile image
Michael Balducci's profile image
Michael Balducci
  • Rental Property Investor
  • from Huntsville, AL
  • Member since Apr 10, 2018
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Michael Balducci
  • Rental Property Investor
  • Huntsville, AL
11
Votes |
7
Posts
General Landlording & Rental Properties

Managing a property for an aquaintance

Michael Balducci
  • Rental Property Investor
  • Huntsville, AL
Posted

A friend of my girlfriend is moving out of state and wants to rent out her home. She's asked us about managing the rental for her. While I'm comfortable with managing my own, what are the considerations for managing someone else's property (specifically in Alabama) ? Are there any licensing requirements ? Should I form an LLC just for that purpose ? Or should I just politely decline ?

Thanks in advance!
- Mike   

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Tracy Streich's profile image
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Tracy Streich
  • Real Estate Broker
  • from Tulsa- OKC Oklahoma
  • Member since Jul 4, 2017
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Tracy Streich's profile image
Tracy Streich's profile image
Tracy Streich
  • Real Estate Broker
  • from Tulsa- OKC Oklahoma
  • Member since Jul 4, 2017
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Tracy Streich
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
801
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868
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Tracy Streich
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
Replied

AL requires a Brokers License to manage property for others    I would just tell them this and decline.   

  • Tracy Streich
  • [email protected]
  • 918-728-8080
    • 1 Vote
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