Recently received several phone calls from owners interested in KGC Properties LLC management services. During the discussions, this question was asked:
Do property managers need to be licensed?
In Arizona – Yes. If your property manager is handling your home in exchange for a fee – they do need to be licensed. Here is the info from the Arizona Department Of Real Estate:
A Real Estate license is required to perform property management functions, per ARS 32-2171. "Property management firm" means any corporation, partnership or limited liability company licensed pursuant to section 32-2125; subsection A or a designated broker that by written agreement, manages rental property for compensation.
When looking for a company or individual to manage your home, follow these tips but first and foremost, make sure they are licensed to do so!
There are many property management companies in Tucson - some licensed, some not. Don't make the focus for choosing your company based on fees - make sure you ask many questions so you and your home are protected.
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