Advice to start a property management company
Good Afternoon,
I have seen a lot of people need a property manager lately and I am thinking about starting my own company to do it. I have managed a property for someone that lived in Connecticut before. I didn't have a contract or anything but I did it for 8 years. I own 3 rentals and manage them myself. Do you guys have any advice on going about this? Any and all advice is appreciated.
Kenneth Bentley
Most Popular Reply
Most states will require you to have a real estate license for managing other people's properties. Also, there are a lot of financial regulations when it comes to security deposits and rent collections. I recommend starting with licensing and educating yourself on PM laws in your state.