PM in New York State

PM in New York State

Investor · Rochester, NY · Member since 2013 · 103 posts · 55 votes
Any NYS experts out there? I would like to know if it is possible, in good old New York State, to start a property management business out of your home. I would eventually move to an office of some sort, but starting out I obviously wouldn't have the profits to pay rent for office space. I have been trying to get a solid answer to this question for some time now, and haven't had much luck. Any help would be greatly appreciated.
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  • David NilesBusiness Member
    Property Manager · DeLand FL · Member since 2012 · 860 posts · 243 votes
    12y

    Are you a licensed real estate broker? You need to be in NYS to do property management for other people.

  • Investor · Rochester, NY · Member since 2013 · 103 posts · 55 votes
    12y
    I am in the process as we speak David Niles I would not be moving forward with this until I have my license.
  • David NilesBusiness Member
    Property Manager · DeLand FL · Member since 2012 · 860 posts · 243 votes
    12y

    I wouldnt see why you couldnt run this out of your home at first. Most everything could and would be done via phone / email.

    If you dont have a real estate sales license, you need that before you can get brokers, you also have to be a licensed sales agent for 2 years before you can apply for broker.

    There are some brokers who will let agents do PM under them though for a cut so that may be a temp option for you as well.

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