Start-Up Property Management Company

[Joshua Davies]

Hi Everyone,

My name is Josh Davies and I am new to the Bigger Pockets forum. I have listened to the podcast for quite some time now and absolutely love it!

The reason for this post is I have recently moved to Orange County, California from the UK and am hoping to start a Property Management company for Single/Multi family residential units as well as vacation rentals. 

I obtained my Bachelor's degree in Real Estate from Liverpool John Moores University in the UK and have worked in Commercial Real Estate since then. I also have experience within the Residential Real Estate sector, hence my interest in Property Management. 

I understand that here in California I would need my Broker's license in order to be able to do this, and due to my degree being in Real Estate I am able to use this in lieu of the usual 2 years experience as a Real Estate Agent. I also understand that I would need to form my company as an LLC or equivalent.

My question to you guys is: Are there any people on here from around the OC/LA area that have started their own business in a similar field, that maybe I could pick your brain about? And also, for the people who have started companies like this, what challenges did you face, and what do you wish you had known before starting the company?

My idea is still in the very early stages, but I am just trying to acquire some further information.

Thank you everybody for taking the time to read my post. I hope to speak to a few of you soon!

Josh

[Joe Homs]

@Joshua Davies  as a normal course of my business I do provide Property Management Services to my investor clients, but it pretty much ends there.  I have managed my own buy and hold properties for many years and teach others how to "self manage" their own investments.

I have attempted to increase this side of the business by using "Thumbtack" but have had absolutely no luck.  I can tell you that management of property for others can be tricky and you need to be aware of all the laws and have proper insurance in place to protect you and your business.

If you would like to sit down over a cup of coffee I am available here in Mission Viejo.  Just PM.

Good investing.