I Want To Be A Property Manager
If you have a residential or property and are planning to rent it you might want to consider a property manager. A first time investor might become overwhelmed with the time required to effectively manage the property.
[ Edited by savana on Date 07/21/2011 ]
In NC you have to be licensed in order to "negotiate" leases.
CA has a nice exception. If you have a 4-year degree, you can directly sit for the exam and place out of some of the RE courses. If you an attorney you can directly site for the exam.
An easier route with all the under emplyed broker would be to form a partnership with them.
Be a property manager but update your service with advanced technology as in management software. It will be proved beneficial for you.
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[ Edited by willfrankjoy on Date 09/18/2012 ]
Becoming a Property Manager can be rewarding if you know how the business works. I suggest reaching out to your investor friends and start using them as clients.
Be sure to ask them what issues they have had with other Property Managers and try to address them. See a need, Fill a need.
As RE Broker I never found it to be any hurdle and I was normally representing the Owner/Seller so I just facilitated deals and Owner had to sign off on them.
This is a big red flag!
In CT where I am for example, you do not need any money to turn on the electricity or gas. The utilities are turned on and then you are billed at the end of the next billing cycle... unless they find out that you owe them some money from a previous account. You would know all this is you run their credit.
This is a sign of things to come in the future but since you have a security deposit you can take a chance! the worse part is that if they do not pay the rent, it will be very difficult and costly to evict them. You will have an even harder time trying to evict a tenant for not paying utilities ( at least in CT). It would be nice if your lease was month to month, this way you can evict with less problems if they do not pay. Good luck!
Just wondering what happened? Hate to say this but in my years of landlording I have come to find that kindness is typically viewed as weakness by tenants in the long run. Unfortunately some of my rentals are in rougher neighborhoods so that may be part of it. Just had a tenant ask to pay only 1/2 the rent, rest of it deferred until after the new year. Normally I would never agree to this but the tenant has been there over 4 years & keeps the house very nice-so he has a track record of keeping his promises. Still a big risk on my part. Good luck to you!
Good Point JohnCI