Starting a property management company

[Brad S.]

Howdy BP fellows! I just got my California General Contractor license, my mid term goal is to start a property management company, does being a general contractor helps in any way starting the business (other than ability to pull permit and build / fix things). I read somewhere that I need a broker license to start a PM business, does it mean I need to be an agent for 2 years, pass broker exam and then look into it? Since this is something I am looking for in next 2-4 years I do have time if I need to go that route but wondering if anyone know if contractor lic can be substituted for broker. Thanks for reading and let’s make it an amazing day for our loved ones.

[Eric Burgh]

I think it’s good either way with your skill set.

Pick a easy property with minimal to no headaches, collect 10% each month

Pick a difficult property with many repairs arising, collect 10% and do the repairs as the GC