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Updated about 1 month ago on .

User Stats

13
Posts
7
Votes
Randall Stich
  • New to Real Estate
  • Chanute, KS
7
Votes |
13
Posts

Exploring Property Management Services in Kansas (Seeking Insights & Partnerships)

Randall Stich
  • New to Real Estate
  • Chanute, KS
Posted

Hi everyone,

I'm Randall from Ravick Group LLC, and I'm actively exploring a possible new venture: launching a small property management division under my existing LLC. My aim is to diversify revenue streams and, more importantly, create opportunities to partner with other real estate investors.

Having successfully managed my own rental property in the past, I'm now looking to formalize and offer those management services professionally—for a mutually beneficial fee structure.

To ensure I build a robust and compliant operation, I'm currently focused on gaining a deeper understanding of several key areas:

  • Licensing Requirements in Kansas: I understand Kansas has specific nuances regarding property management and real estate licenses. Any direct experience or definitive resources on whether a salesperson or broker license is typically required for residential property management (especially if handling leasing, listing, or renting activities) would be invaluable.
  • Standard Fee Structures & Models:
  • What are common onboarding/setup fees (if any)?
  • What are the prevailing ongoing pricing models? Is it primarily a percentage of collected rent, a flat fee per property, or a per-unit charge? I'm particularly interested in what works best for smaller portfolios or single-family homes versus multi-unit properties.
  • Are there other fees to consider, such as leasing fees (tenant placement) or lease renewal fees?
  • Operational Efficiency - Tools & Automation: I'm keen to learn about the software, systems, and automation tools that streamline daily operations. What has genuinely made your day-to-day easier in terms of:
  • Tenant communication & portals
  • Rent collection
  • Maintenance requests & tracking
  • Accounting & financial reporting
  • Tenant screening processes

If you have firsthand experience running a property management business, or if you've hired one, I'd genuinely appreciate any insights into what has worked well (or, equally important, what hasn't). Specific tips, recommended resources, or "lessons learned" would be incredibly valuable.

Thanks in advance for your time and expertise!

Best regards,

Randall 

Ravick Group LLC

📍 Kansas