New real estate company idea
Hi all! I am considering starting a new real estate business in the Denver area and would love some feedback on the idea. I just bought my first home in the Littleton area and furnished the walkout basement and am renting it out as a MTR. I have learned a lot over the last ~6 months about furnishing a property, managing/pricing a rental, understanding the ins and outs of Airbnb/Furnished Finder, and analyzing real estate investments generally.
My business idea is to use that knowledge and start a company that does the following:
-Furnishes properties for investors who want to turn their LTR into a MTR/STR, new homebuyers who want to house hack, or just any investor needing a rental furnished. We would offer more of a budget-friendly option which could include FB marketplace/goodwill
-Manages furnished rentals (STR/MTR) for investors. This would include making the listings, setting pricing, finding tenants, managing maintenance requests, and offering deal analysis to investors. One issue I see with this is that I do not have a real estate license so I don't think that would create any issues with STR management, but as for MTR management it seems like there are certain limitations without a license - any feedback on that would be appreciated
-Staging properties primarily for FSBO's as I know properties listed by realtors will typically have an in-house staging offering. This will likely be the smallest aspect of the company but seems like a sensible value add to the other aspects of the company, since we will have a storage unit with furniture/furnishings ready to go
-Photographing properties for FSBO listings, or for clients we get for the furnishing/management side of the biz. Easy value add because my girlfriend is a professional photographer.
Appreciate any feedback on this idea!