How to start a property management company - Whats all involved?

How to start a property management company - Whats all involved?

Derek HoltPro Member
Engineer · Fargo, ND · Member since 2014 · 9 posts · 0 votes

I want to get into real estate sooner then later. I am interested in starting a property management company in North Dakota. Anyone out there willing to point me in the right direction on where to start? I am eager to learn and welcome any help that the bigger pockets family can provide. 

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  • Member since 2019 · 74 posts · 12 votes
    7y

    Make sure you're ready to deep dive into solo entrepreneurship. Even if you have a partner, you'll always need to look out for numero uno (yourself).

    Check out your local NARPM meetins to learn about laws in your area and find some useful workshops for your business. They will show you the best practices for protecting yourself from lawsuits and building a practical base. Take their input as valuable advice but you can always be unique as to your business offering

    Also make sure you're ready to be on-call 24/7 unless you outsource maintenance. I know a lot about that part so you can reach out in my DM's if you want to learn more here.

  • Eric HeinenPro Member
    Fargo, ND · Member since 2017 · 35 posts · 15 votes
    7y

    From what I know about property management, the margins are meager and the headaches plentiful.  

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