starting a property managment company
I have been buying and renting properties in Philadelphia for a few years now. I have been using a private lender that lends up to 75% LTV over 30 years. The problem I have ran into is the lender is requiring me to use a property management company for all the deals we do going forward. I am wondering what is needed to form your own property management company in Philadelphia. All the lender wanted to see was a copy of the management agreement and the brokers license.