![]() Washington State requires property managers to have a State Real Estate License if they do not own the property. ![]() Other states such as Montana, Oregon and South Carolina, allow property managers to work under a property management license rather than a broker’s license. A few states such as Idaho, Maine and Vermont do not require property managers to have real estate licenses. In the united states, states such as Texas, New York and Colorado make it mandatory for property management companies to be licensed real estate brokers if they are going to be involved in collecting rent, listing properties for rent or helping negotiate leases and doing inspections as required by their business.Īlthough a property manager may be a licensed real estate salesperson but generally they must be working under a licensed real estate broker. In a nutshell, property management companies are responsible for taking care of and managing buildings and other real estate properties for individuals (landlords) or for groups of owners. Property maintenance and renovation or better still property management business which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate businesses to start it is basically about lease contracting or accepting rent using legal documents approved for the area in which the property is located. The truth is that it is one thing to have a fantastic idea cum business plan, it is entirely another thing for the business plan to translate to money (profits) that is why it is important to assemble a team of experts to work with if you want to be successful with your property maintenance and renovation company you can hardly run this type of business alone especially if you want to operate a standard property maintenance and renovation business as against running a one man show.īelow is a sample property maintenance and renovation company business plan template that will help you successfully launch your own business A Sample Property Maintenance and Renovation Company Business Plan Template 1. Since property management business is all about managing property/properties on behalf of your clients, then you may not need a huge financial base to be able to launch the business except you just want to start pretty big. It is one of the many businesses that an individual can start with from his or her home and basically with just a business card. Interestingly, the minimum educational requirement for anyone that wants to start his or her own property management cum property maintenance and renovation business is a High School Diploma and hands on the job experience. If you can get that aspect of your job/business right, you will surely enjoy your business. ![]() For example, you are going to be responsible for the full and proper screening or testing of an applicant’s credit, criminal history, rental history and ability to pay his or her rent when due. For you to effectively conduct your business, you are expected to have a full grasp of the law when it comes to landlord and tenant relationships.Īs a property manager, it is your responsibility to create efficient and effective protocols that will make you relate well with your clients (landlords, tenants and contractors). Sustainability and Expansion Strategy Why Start a Property Maintenance & Renovation Business?Īs a property manager, your core business responsibility is to maintain and renovate building facilities and to liaise with landlords, tenants and in some cases various contractors. Why Start a Property Maintenance & Renovation Business?.
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