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Updated almost 9 years ago, 12/09/2015
Setting up a New Property Management company in Columbus Ohio
Hi guys,
I run a management company for my own properties. But as my portfolio is getting larger I'm looking to take that part of my business more seriously. My long term goal is to have 1000's of unit's anyways, so I need to eventually get that set up.
My understanding is that to have a property management company in Ohio that services properties that you do not have ownership interest in, you have to be a Real Estate Broker.
Question 1) If you are subletting properties, ie, you have a lease that lets you re rent out properties, do you have to be a broker?
Question 2) Can you run a property management company as a RE Sales agent?
Question 3) Can a company hire a broker to satisfy the requirement? If so, how involved does the broker have to be? I understand a broker can probably only work for one company and not work for his own brokerage and a property management company as the broker of record? What would reasonable compensation for a broker be?
Question 4[this probably requires a separate question]) How to really set yourself ahead of others in the area? What systems/software would be good to use and how to build market share?
Thanks
Phil