Start or work for brokerage

[Lance H.]

Hello,

I'll start by saying I'm starting a property management company. I do not plan to do standard sales transactions. My debate is whether I should get my RE brokers license and go it on my own or just have a RE sales license and work under another broker.

I have my sales license and have signed with two different brokers now and I have been thouroughly disapointed. I won't go into detail but even with my limited experience I could tell how poorly they ran there property management business. Not to mention they wouldn't answer their phone if I had a question and the rare case they did answer the phone they couldn't give me even the basic information I was usually looking for.

In my mind reputation is everything, and I'm afraid working with companies like these will tarnish mine. Not to mention, they want non compete agreements, so any business I sign stays with them if I leave in the future.

There are a couple PM companies that seem to be much better, but they actually hire people on as employees instead of independent contractors. They tell you what to manage and you manage it. I would consider working at a company like this for the education, but frankly I make decent money at my full time job and they wouldn't pay enough for me to cover my families expenses. I want to start the PM company as a side business until it builds large enough to warrent going full time.

So, by starting a brokerage myself, I can build it to the level of service and reputation that I expect. My question is, what are the risks and problems that I face going this route?

thought?

Thanks