How To START A Property Management Company From Scratch That You Won't Hear Anywhere Else!

Today we dig into what it takes to start your own property management company completely from the ground up! Starting your own property management company may not be as easy as you may think. Regulations, start-up costs, software, staffing can all be hurdles you will have to overcome before you can ever truly be profitable. My wife and I started a property management company for our properties and learned what it took to excel as a property manager.

Chapters:
00:00 Starting a Property Management Company From Scratch!
00:45 Do You Need a License?
03:38 What Software Should You Use?
09:29 Staffing for Property Management?

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[saminicholls]

In Montana no need to have a real estate license, you can have a property management license! 4-day course, test, license through the State of Montana.

[Lawrencekingsley]

"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made..😊

[rkardos]

In Florida if you are doing property management for others that includes listing and leasing you need to be a Real Estate Broker to own your own company. If a person is just doing physical maintenance of a property then no real estate license needed.

[rajabell]

how much are you guys paying for property/airbnb management? what percentage or fixed fees per month each property are you guys paying?

[DougReynoldsVideos]

What is the best way to get an entry level job at a PM company.? Thank you

[abrahamlincoln]

Accounting
Business management
Client and tenant relations
Cleaning service
Remodel contractors
Handyman
Landscaping


All things to consider.

[luluedw]

Bookkeeper
tenant relations
Maintenance
—-handyman -3rd party $25/hr
Scale fast (get over 100units)
Network with the experienced

[beadsofparadise]

Do you have any accounting classes for small PM beginners?

[CoreyChambersLA]

California property management requires licensed broker to be involved unless the property manager is an employee of the property owner.

[stefan]

I use Tokeet to manage my listings! They are awesome!

[vinceliu]

Does the fact that being associated with a Brokerage as a real estate agent meets the requirement of Broker license?
Thanks

[aname]

In Texas, as long as you're not negotiating rent prices, etc., then you do not need a license.

[tinacamara]

Fist listener, thanks for the great advice

[BlackGayleMech]

What are we talking about not making money until ? My question is mostly what do you mean by not really profiting?

[DeRosaGroup]

What are your thoughts on starting a property management company? Let us know in the comments. 🗨


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[SUPRMARIO]

Where exactly can I find a states requirements on owning and running a PM company? Your stating you need a brokers license but where can I find that information?

[kamrandemetriuswilson]

Lot of gems and actionable realistic experience

[blaisewaggoner]

When you were managing 30 units, did you simultaneously have anther job? At what point do you quit your 9-5 ? Thanks!

[astrosntexans]

South Carolina has a separate PM license you can get instead of getting a real estate sales license.

[Jay-bpdw]

I've been researching and I can't find any information on "leasing the license of a broker". How would one do that?