Property Management help needed!

3 Replies

Hi guys,

I was recently asked to manage a clients single family rental home. I'm intrigued at the idea of gaining more experience and extra income.

I currently own 2 similar rentals, so I do have some experience. I'd like to set up a proper PM company.

Any and all advice would be greatly appreciated!

Thanks,

Jack

Medium sh   olus   pelican state realty   logo   finalJack Harris, Pelican State Realty | 985‑212‑2963 | LA Agent # 0995695540

@Jack Harris  

 Welcome to BP. I don't have any specific advice for you, except to suggest you do a search of BP for property management. I'm sure there will be blogs, forum posts, and podcasts that will help you out. Good luck. 

Medium house plansKaren Margrave, Parlay Investments | [email protected] | http://www.parlayinvestments.com | CA Contractor # 680782

it would not be legal for you to do that in Oklahoma. Oklahoma real estate law requires a property manager to hold a brokers license to manage rental properties. 

It might be ok for a RE agent in louisana. You might want to check the Louisiana real estate laws. Good luck

Welcome to BP @Jack Harris  !

To answer @Arlan Potter's question, an agent's license is what's required by LA law to manage others' property in LA. 

You should clarify with your broker how they expect you to do business.  They may want you to do it through them using their contracts and also their commission split?  It's important to answer those questions first.

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