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#33980 - 04/21/06 10:52 PM Residential Property Manager
graysqwrl Offline
Member

Registered: 08/16/05
Posts: 192
Loc: 3rd Rock From The Sun
I'm a residential mortgage broker 1-4 units, but have gotten my self wrapped up in doing a purchase of 8 units for a family memeber.

I'm pretty sure there is a requirement for an onsite property manager after 6 or 8 units, but can't remember.

It might be county regulated. I'm having a tough time finding a true answer.

I'm in Los Angeles, CA. Does anyone know how many units require an onsite residential manager?

Thanks

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#33981 - 04/22/06 04:55 AM Re: Residential Property Manager
Tanya Offline
Moderator

Registered: 04/03/06
Posts: 304
Loc: Jacksonville, FL
I'm not sure but why don't you call a local property management company or another real estate company that deals with rentals. They would probably know.
_________________________
Tanya Watson/Owner
Sellstate Performance Realty, Jacksonville, FL

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#33982 - 04/22/06 08:02 AM Re: Residential Property Manager
graysqwrl Offline
Member

Registered: 08/16/05
Posts: 192
Loc: 3rd Rock From The Sun
Thanks...I was planning on doing it today.

It was late last night and i was hoping for a quick answer.

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#33983 - 04/24/06 05:59 AM Re: Residential Property Manager
RebelBroker Offline
California Real Estate Broker
Veteran Member

Registered: 06/15/03
Posts: 1221
Loc: Morgan Hill, CA, USA
Dunno if you got your answer yet.

State law requires a resident manager for property containing 16 or more units - the manager must be a "responsible person".*

Good Luck,
R

*"California Real Estate Practice", 4th Edition, Anderson, Otto and Pivar.2000 - Page 435
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Robert "The Rebel Broker" Whitelaw - Broker,Realtor,ePro
Silicon Valley,CA

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