Starting a PM buisness

[Gamal R.]

In Florida I read that you can start a property management business with a sales associate license. Does anyone else know if this is true. It must be cause this is what I got from the FREC Q.A for 2009

Does a property manager need a real estate license?
A property manager needs a sales or broker license if the compensation is paid by COMMISSION, and handling rentals and leases for others, not personally owned properties. There is not a “Property Manager†license or certificate. (Check with CAM FAQ’s.) Also, certain rental properties need a license thru the Div. of Hotels and Restaurants, refer them to the H&R website.

Has anyone here started a residential rental PM business?

I manage my property and my brothers and I am thinking of starting a business. Would like to here of others experiences starting a PM company.
Thanks,
Gamal