Should I get a Property Management Brokers License?

Question

Hello,

I am working for a Property Management firm so I'm getting hands on experience. My question is, should I get an associate brokers license as a way to make side income, (or Main Income) as I invest in properties, or would it get in the way if it becomes my main source of income? I'm seeing that this takes alot of work working for other owners/investors so Would it even be worth it?

I work full time at a Mortgage Company which pays the bills and putting money away into savings for a Investment Property, while I work at the Property Management firm to gain experience to management my own properties.

Thank you!

Drew Sygit · Answer

Check your state laws.

You may be required to identify yourself as an agent when buying/selling. You may also have a fiduciary liability to let a seller know that fair market value of their property, which you are trying to lowball them on.

David Peschio · Answer

Totally agree with Keith — it's a demanding business that really rewards full commitment. That said, it can also be a nice complementary venture for your investors if structured thoughtfully. With the right systems and support in place, it could diversify their portfolio and generate steady returns, especially if you're passionate and willing to go all in. But if it's just a side hustle, the regulatory complexity and stakeholder balancing act can quickly become overwhelming.

Peter Mckernan · Answer

I used to do this as a side income generating business.. I was a firefighter and doing this all at the same time. There was a time I needed to make a decision, do I keep going down the path of having two demanding jobs for the rest of my career since both were very demanding, and I picked keeping one while letting go the other. I would suggest if it is a side hustle you do that and put a date on the board (or gross/net revenue goal) to make a decision to leave your current job because it is a lot of work.

For context I did both, I put a date on a whiteboard and also did a revenue goal too on where I wanted to be when I was able to leave the W2 work. I hit that timeframe and revenue goal, and to be honest it was still hard to decide.. So just know these decision are hard, but if you put the effort in and your heart is in go for it!

David Peschio · Answer

@Arthur Luay Absolutely, good luck!

Arthur Luay · Answer

Thank you guys! This helped me make my decision!

Keith Jablonowski · Answer

If it's something you enjoy and want to go all in on, then 100% go for it,it's a great business but a lot of work.
If you just want to dabble to make some extra money and don't have the passion to go all in, it's a tough business keeping up with all of the regulatory changes and balancing keeping owners happy with taking care of tenants.

Should I get a Property Management Brokers License?

Should I get a Property Management Brokers License?

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