Advice to start a property management company

[Kenneth Bentley]

Good Afternoon,

I have seen a lot of people need a property manager lately and I am thinking about starting my own company to do it. I have managed a property for someone that lived in Connecticut before. I didn't have a contract or anything but I did it for 8 years. I own 3 rentals and manage them myself. Do you guys have any advice on going about this? Any and all advice is appreciated. 

Kenneth Bentley

[Tiffany Colvert]

Most states will require you to have a real estate license for managing other people's properties. Also, there are a lot of financial regulations when it comes to security deposits and rent collections. I recommend starting with licensing and educating yourself on PM laws in your state.