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Updated almost 6 years ago on . Most recent reply
Starting a Property Management Company
I'm in the process of starting my own property management company in our small town after managing our own properties for the past 5 years. I just passed my state licensing exam and am now looking for some advice/resources anyone that has been in the business a while would recommend. Advice/samples of accounting records/software/excel templates, policies & procedure manuals, ect. are what I am needing most... or even a PM start up checklist would be WONDERFUL.
After 10 years in Resort Management and managing our own properties, we are seeing a great need in the area for a PM that is NOT a slumlord, has ethical practises and does not manage properties that are falling apart. My primary goal is to not have a giant empire but to grow a quality, ethical business the right way while of course earning an income/profit in the process. Any advice is greatly appreciated.
Most Popular Reply
Paul MacInnis, Yes we are up and going now for just about 9 months now. We've been doing well with only 9 properties at the moment. We have been getting our name out there slowly as the Management company with well maintained and upscale rental properties with personal & professional management services. Our goal is to add another rental unit to our inventory this year, but again we only take certain properties... this niche is working well for us.