Q: Do I need a PM license even if I manage my own properties?
To become a Property Manager in Delaware you either A. have to have a broker license or B. Have to conduct property management under restrictive guidelines. Am I considered a property manager if I am managing my own properties or am I just a really good landlord?
- New Castle, Delaware
Good news! – the State of Delaware has not made being a “really good landlord” illegal. At least, not yet.
But Delaware law carves out an exception for those managing properties they own. The relevant legal language can be found in, Title 24, Chapter 29 of the Delaware Laws.
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Author Bio
Writing about personal finance and investments since 1999, Jason Van Steenwyk started as a reporter with Mutual Funds Magazine and served as editor of Investors’ Digest. He now publishes feature articles in many publications including Annuity Selling Guide, Bankrate.com, and more.
