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).