Help with STR structure

[Marcus Love]

Hey!

So I have investor friends who are purchasing a condo in downtown Philadelphia. We originally were going to do rental arbitrage but that wasn’t realistic to me. They then presented to me to just be a property manager on AirBnB. This is fine with me. I am currently a licensed Realtor in Michigan. I know that in PA, you need to be a licensed Realtor in order to be a “property manager” but getting another license is expensive on top of brokerage fees and other fees included. They then presented me with the option to have a small portion (1-5%) of the property so that way I can manage the property without the license and be fine. Will that last option work? Does anyone have any idea on how to structure things?!

[Alan Asriants]

Be careful doing STR's in philad. there are many guidelines and you need to get a license

https://www.phila.gov/services...