Question : Property Management for a Small home in CA?
Can I collect rent from the house my friends own in CA and deposit it into their checking account? Or do I need a license? I would be doing them a favor for a small fee. Nothing big just one small home from one friend to another. Is this possible legally? Is there a loop hole that would let us do this?

Thanks
property management accounting

Best answer:

Answer by Lex
You can. They will have to authorize you as their agent on the account – and by that, you’ll have their account number and you’ll write “For deposit only” with the account number on the back of the check and have a bank book for check and cash deposits. You need no licensing or legal standing with the deed to act as an agent – just their written authorization. You will have to claim the amount on your taxes.