Posted by LanceID on September 08, 2001 at 10:45:46:
The domain on my e-mail address is .org instead of .net. I must have been a little tired when I posted. Sorry.
property management business…need help! - Posted by Heather
Posted by Heather on September 07, 2001 at 17:18:29:
I am 27 years old and just closed on my 4th property. I wanted to see if I could start up a property management business but I don’t know where to begin. Do any of you have any information on what I need to do or where I could go to find information. I have enjoyed reading all of your helpful hints on this site. It is my favorite…I visit it daily. Thank you,
Heather
Re: property management business…need help! - Posted by dewCO
Posted by dewCO on September 08, 2001 at 21:11:21:
HAven’t read the other posts, but in CO you would need a RE license to do proeprty management for other than yourself. Start there first with your state RE Commission so you know the rules.
Re: property management business…need help! - Posted by Rich-FL
Posted by Rich-FL on September 07, 2001 at 18:43:22:
Heather,
Where are you located (which area are you working)?
Re: property management business…need help! - Posted by David
Posted by David on September 07, 2001 at 18:20:35:
Check with your state Dept. of Real Estate to see if you must have an RE license to manage other people’s property for a fee.
Re: property management business…need help! - Posted by heather
Posted by heather on September 07, 2001 at 20:36:35:
I am located in Rexburg, Idaho. They have just turned the local college into a four year university so the demand for property management would be high.
Thanks for your reply
Heather
Re: property management business…need help! - Posted by Paul
Posted by Paul on September 08, 2001 at 01:57:36:
Every state is definetly different, in Hawaii you can manage 100s of properties for one person without a RE license, but if you manange two properties for two different people you need a license.
Makes no sense to me.
Yes it is illegal in most states to manage - Posted by David Krulac
Posted by David Krulac on September 07, 2001 at 20:02:07:
rental properties for others (not yourself). State laws require an agent license or even a broker’s license. Usually how one gets caught is that some agent turns them in for stealing their business.
Re: property management business…need help! - Posted by LanceID
Posted by LanceID on September 08, 2001 at 02:19:00:
I’m a real estate attorney and investor in Boise. There are two groups in Boise you could join for a nominal fee that would provide you with a lot of guidance. They are NARPM (National Assoc. of Residential Property Managers) and IROMA (Idaho Rental Owners and Managers Assoc.) Also, I have a free packet of info and legal forms I could send you. E-mail your mailing address to Lance@RealEstateSolutions.net and I’ll drop it in the mail to you.
Also, contrary to most states, Idaho does NOT require a license nor regulate property managers in any fashion. (At least not yet anyway. The Realtor’s lobby is currently thinking about trying to change that.)
Re: property management business…need help! - Posted by Ronald * Starr
Posted by Ronald * Starr on September 07, 2001 at 22:27:14:
Heather—
Hey, I was just in Rexburg in July. I bought some oil for my car at the Wal*Mart there. Still have it in my car.
Other people have answered the question pretty well.
You might consider getting a job with an existing company so you can earn as your learn. Then later start your own company. Meanwhile, snatch up all the low/no down deals you can get. Rexburg Will Boom!
Good InvestingRon Starr********