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Updated about 7 years ago on . Most recent reply

Account Closed
  • Palatine, IL
3
Votes |
16
Posts

Property MGMT - Using an Unlicensed Contractor to Open Door

Account Closed
  • Palatine, IL
Posted

Hello All, 

I'm considering starting a property management company with the goal to remove myself from as much of the "on-location" activity as possible. This will require a sophisticated software (electing to use Appfolio) and well documented processes. 

My question is if open houses and prospective tenant meetings need to be hosted by a licensed broker, or if I could contract this out to an unlicensed individual. 

The marketing would be limited to free services (ie. Zillow, Trulia, etc.) and I would be managing the listing posts, tenant screening and communications remotely. All I need is someone to open doors and direct questions back to me. I would then follow up and manage the application process through Appfolio. 

Rather than pay out a significant commission to a broker, I'd like to limit that expense. 

Does anyone have experience with this type of setup? 

Thanks! 

Most Popular Reply

Account Closed
  • Palatine, IL
3
Votes |
16
Posts
Account Closed
  • Palatine, IL
Replied

Thanks @Christopher Phillips, that's what I had figured.

@Bob B., I think that's the direction I'll take with either an hourly rate or a flat fee for open houses and showings. At the end of the day, it would be easy money for a new agent since I don't plan to use the MLS and I'd be the one handling communications, applications, background screenings.

It's also an opportunity for the agent to get exposure with potential future clients. Win-Win. 

Any idea on a general market rate for leasing agents? $13 - $17/ hour? 

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