Property Management

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Property Management (by James [VA]) Mar 23, 2012 11:11 AM

Property Management (by Wallace CPM [VA]) Mar 23, 2012 11:13 AM

Property Management (by BRAD 20,000 [IN]) Mar 24, 2012 6:37 PM

Property Management (by James [VA]) Posted on: Mar 23, 2012 11:11 AM
Message:

State Specific Question About: VIRGINIA (VA)

Would I need a real estate license to manage my elderly parents rental property including 4 duplexes and 2 single family homes in Virginia. --72.84.xxx.xxx

Property Management (by Wallace CPM [VA]) Posted on: Mar 23, 2012 11:13 AM
Message:

No - have them give you a power of attorney. If you get $$$ you need a poa or a real estate BROKER license

Title them in an LLC first and then give you poa for each property LLC --184.5.xxx.xxx

Property Management (by BRAD 20,000 [IN]) Posted on: Mar 24, 2012 6:37 PM
Message:

IN law has something about ok for family members. If no pay it might be alright.

Changing title could mess up estate planning and lose the basis step up at death - worth thousand$$$ to the heirs. --174.253.xx.xxx

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