Here is some Real Estate BS that I just found.
My brother wanted to go into business with me awhile back flipping houses, and operating rental property.
We formed an LLC and are 50/50 owners.
He recently approached me about property management as he knows a few people who do not want to deal with the management of thier property anymore.
After doing some research I have found that
To operate a property management company the owner(s) have to be licensed brokers.
To be a boker you have to have been a licensed Realtor for a minimum of 2 working years under a licensed broker.
For us to get into property management one of us would need to dedicate the next 2.5 years of our lives as a Realtor.
They have the property management business locked up nicely…