Starting a Property Management Company

[Christopher Webb]

I am fairly new to the world of real estate but have a very strong passion for building a career in the industry. I have a little experience in property management and am very interested in starting a property management business in the Kansas City metro area.

What are everyone's opinions and experiences with property management companies? From my experience, it seems that too many management offices are overwhelmed by paperwork and inefficient process handling. I have some ideas and visions on creating a modern, streamlined business that can provide great value to property owners.

I have tossed this idea around for a couple years and I feel like this is something I need to push forward with. My biggest fear is investing money into building a brand and business without being able to secure management contracts.

What are some ways to break into the property management business? I see myself working with single family homes as well as multi-family of 20 or fewer units.

How does one go about finding property owners? What do property owners look for in management companies? Any and all advice is greatly appreciated!

[Bill Gulley]

In Mo. you will need an agent's license under a broker or be a broker to rent properties unless you are an employee of the property owner as an on site manager. Get a license....