Confused - Can Someone Clarify Please? - Posted by Scott
Posted by Scott on November 27, 1998 at 11:46:13:
I’m confused regarding the relationship needed to manage property. I understand that you can manage your own; however, I’ve read here that (at least in some states) you need a real estate license to manage property other than your own. Now, if you place your property in an LLC or similar corporate entity - Isn’t it now within its own entity and no longer ‘yours’? How can you manage properties owned by a corporation without a license (either your own or someone elses)? To keep some ‘distance’ from my properties, I would like to place them within an LLC and become the ‘property manager’ - but I don’t have (and don’t really want to get) a real estate license. What would I need to do, if anything? Thanks for all of your help.