Broker for Real Estate Managment

[Tanner Jenkins]

Hello everyone! I have decided to start an LLC for property managment with the eventual goal of owning my own properties under this company. For the time being I am trying to stay in my community and offer property managment to local owners/investors. While I am in the process of putting together my team, systems, and infrastructure in place I am having a hard time understating one concept: operating under a broker.

The for he state of North Carolina requires that any property managment company operate under a broker. While the long term plan involves me acquiring my own license, my short term solution is to operate under a licensed one in my local area. Does anyone have any experience with working along side a broker(s) that would care to share their thoughts, as well as a suggested approach to solicitating an offer with one?

[Nathan Gesner]

Let me be brutally honest for a second. You have no investment property or education, so you don't even know if you would like property management or be good at it. I would also suggest you don't have the drive to research and self educate because you can't seem to find the answer about working under a Broker. It took me one minute: CLICK HERE

A Property Manager needs a variety of skills to be successful. One of the most important skills is knowing how to find answers quickly. If a tenant dies alone and you have no family contacts, what do you do? When your 19-year-old tenant's mother calls and wants to know why her son's water heater hasn't been repaired after two days, how do you respond? When your tenant hasn't paid rent for three months during the eviction moratorium, what can you do?

As a property manager, you have to figure these things out and you often have to do it quickly. I'm not sure you're there yet. Rather than setting up a business to see if you even like property management, I recommend you look for a job with an existing company that can teach you the ropes quickly. Gain some experience, learn how the business works, and see if it's for you while earning a paycheck. If it's a good fit and you have a knack for it, get your Broker license after the required period and start your own company.