We often get asked by owners if they need a license to own a rental in Colorado. This quick one-minute tip goes into that question for the owner, the manager and real estate professionals. Each person will have a different requirement. The real estate investor that is just managing their own properties will not require a real estate license to rent out their home. If you are hiring a property manager on the other hand, then yes, they must be licensed by the State of Colorado. If you are working with a property manager, their business is regulated by the DORA (Colorado Division of Regulatory Agencies).
By Jim Shonts - Wednesday, January 5, 2022
Author
Jim Shonts
Employing Broker of PMI Elevation, Property Manager and Colorado Licensed Real Estate Broker
Jim has been managing a portfolio of residential multifamily properties for about 10 years. A greater Metro Detroit native, Jim has an advanced degree in Supply Chain Matrix Management with an emphasis on business management from Western Michigan University.
Prior to starting PMI Elevation, Jim worked as a Procurement Team Lead for a large, multinational, Fortune 500 Civil Engineering firm. Jim capped off his career at this firm as the Global Real Estate Facilities Category Manager where he was responsible for the procurement of materials and services for the 100+ global corporate office locations. He was responsible for the managing the team that managed the supply chain for $100s of millions of dollars of real estate spend.
Jim has been managing a portfolio of residential multifamily properties for about 10 years. A greater Metro Detroit native, Jim has an advanced degree in Supply Chain Matrix Management with an emphasis on business management from Western Michigan University.
Prior to starting PMI Elevation, Jim worked as a Procurement Team Lead for a large, multinational, Fortune 500 Civil Engineering firm. Jim capped off his career at this firm as the Global Real Estate Facilities Category Manager where he was responsible for the procurement of materials and services for the 100+ global corporate office locations. He was responsible for the managing the team that managed the supply chain for $100s of millions of dollars of real estate spend.