Starting a property management business under a broker

[Candace Bass]

Hello everyone,

I’m new here and hoping to find some advice/ tips on starting a property management business under a broker. I just recently got my affiliate brokers license in Tennessee and ready to hang with a brokerage. My husband and I have several rental properties that I currently manage. I am currently using apartments.com but am ready to start using on Buildium or another property management software. I understand I need to have some things in place before I pitch this to my future broker. Any words of wisdom would be helpful. 
Thanks!

[Keith Smith]

@Candace Bass You may also want to see if you can find a PM company that services Chattanooga but maybe not certain suburbs or areas of Chattanooga that you would be willing to serve. Go to them and see about teaming up where you open up your own "office" and service those areas where they may have been turning down properties in the past. They would now be able to send them to you and you obviously would pay a percentage of some sort to them. You still are able to manage properties in the areas they serve as well though. You'll just want to be sure you agree with how they do business as you will more than likely adopt a lot of their policies and procedures.