My son thinks I'm crazy and wants me to park my money in the S&P. I'm not putoff from managing tenants and would also like to learn more about being a property manager. If your managing your property, would you consider managing someone else's? Is there also a local Fort Collins real estate investors group I should check out? I stumbled upon ICOR and a Meetup.com investor group: https://www.meetup.com/Northern-Colorado-Real-Estate-Investor-Group
@Larry Alexander I ended up starting a PM company because I was managing my own, and it was going well, so I decided to do it for others too. Most states require a real estate license to be a property manager.
@Larry Alexander Hey Flash, We'd love to see you at an ICOR meeting. Dawn is right about having to have a real estate lic. If you want to manage other peoples properties. As a recovering property manager I can tell you there are a lot of hoops you have jump through. You also need to stay compliant with fair housing laws.
When we were building the property management company we learned it took about 40 Properties to make it worth the time and money.
Good luck out there.
Thanks Tim, you just talked me out of that idea :) I met with Mike V. the other day and he gave me the ICOR update!
@Dawn Brenegen, thanks for that. Hope your doing great :)
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