Updated almost 5 years ago on . Most recent reply
LLC and Brokers license OHIO
Hi There!
I'm interested in partnering up with someone for real estate investing and have a couple questions. In Ohio it says to have a property management company you have to have a brokers license to manage properties, expect if you own them you can manage your own without a brokers license. My question is that if I was to open a LLC with my partner and buy properties under the LLC would I need a brokers license to manage them or would I still fall under the exception? Thanks for any information.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
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It would be the llc’s properties and as a member of that llc you shouldn’t have any issues.