License requirements in regard to managing properties.

[Devin Wilkinson]

I am just beginning my real estate investing career and have a few questions.

I am a big fan of vertical integration where I control every part of the business from rehab to management. Recently I read where to be a property manager you have to have a real estate brokers license. I would  like to start my own property management company where I potentially manage other investors properties also in the future, but mainly to effectively manage my own with employees of my management side of my business. If I simply hire people to manage my properties (not a broker or management company just employees of mine) do I need a brokers license for that? And in regard to getting my brokers license I don't particularly have the desire to be an agent showing houses as an employee of a broker but i read where 1 to 3 years of experience is required to get your brokers license, is there any way around that?

Thanks for any input and help!

[Nathan Gesner]

You need to check your state laws but I know you don't need a license to manage your own. You can usually hire employees to manage your property without a license (they are essentially an extension of the owner) but if you start managing for others then a license will be needed.