I was leasing out our first rental property and really enjoyed the process. Now, I'm thinking of doing some property managing on the side. Just wanted to know how I can get started or if that's even possible. Where can I get jobs for it, and fees etc. Any feedback would be great! Thanks in advance!
It really depends on your state. If you are from California. No you cannot "legally" do property management on the side and receive payment unless you have a brokers license. In order to get your brokers license you need 3 years of full time real estate experience.
I am looking to start a property management service. Same rules here in that you need to be a licensed realtor under a broker or become a broker after 2 years as an agent. There are some work arounds in my area such as being a 1099 contract employee of the property owner or taking some, even a very small ownership position in the property you will manage. Property management is something that will accelerate my transition away from traditional employment into full time real estate.
@Chris Simmons Thats a great idea and I will look into that! thanks
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