Starting a property management company

[Ryan Cleary]

Hey everyone!

Over the past few years, my wife and I, and a few partners have acquired several rental properties in Palm Beach county and the Treasure Coast.

We have very good systems in place for property management and it has become my favorite part of our real estate career.

We are considering starting a property management company and was curious if anyone had suggestions or ideas.

[Kim Meredith Hampton]

Hi Ryan,

Congrats on building your portfolio. First thing is that you will need a Florida Real Estate License, then join a brokerage for two years, after the two years you can get your Brokers License and open your own company. Florida Law requires that you work underneath a Broker for two years before you can open your own. 

It would be good to ask around and interview a few brokers and see if you can operate under a Broker and are able to take all of your accounts with you after two years.

Joining the National Association of Residential Property Managers is also a great way to expand your knowledge, network with other professional property managers, obtain more training and education and find every vendor under the sun to make your property management successful. I am actually one of the past State Presidents of Florida.

Best of luck