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Updated over 7 years ago on . Most recent reply

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Kevin Co
  • Sherman Oaks, CA
4
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17
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are there licensing requirements to own rentals in NY

Kevin Co
  • Sherman Oaks, CA
Posted

as an out of state investor are there any requirements to be licensed as a landlord in NY state? Specifically looking into properties in Rochester. If I’m working with a PM would I, as an owner, need anything special? 

  • Kevin Co
  • Most Popular Reply

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    1,389
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    Mark Updegraff
    • Investor
    • Rochester, NY
    665
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    1,389
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    Mark Updegraff
    • Investor
    • Rochester, NY
    Replied

    As a property manager the broker of record has to be on board. REALTORs at my firm may not manage properties without my consent. This is pretty common. Broker's don't want the added E&O liability of agents trying to rent property. Good agents wouldn't bother wasting their time with this is my market anyway, too many homes to sell. Why work for peanuts?

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