All Forum Posts by: Cory Cox

@Chase Calhoun

Love it man! Awesome job!

@Kory Muraoka

Hey Kory, I manage properties in the Little Rock area as well as have several contacts for rehab crews depending on the scope of work you need done.

Shoot me a DM if you would like to discuss further.

All the best,

Cory

@Jeremy Pressgrove

Pinnacle Property Management! Zach’s team is the best. They do everything from long-term to Airbnb management.

- DM me for his cell

Looking to connect with some property management companies in the NE or NW part of Arkansas that are looking to expand to the Little Rock area!

Thanks!!!

@Kris Mead

Central Termite in Little Rock. They are the best and have good rates for investors!

@Calvin Ozanick

That’s exactly what I was thinking. A way around that is just handling the paperwork on behalf of the owner. Essentially like a personal assistant or however you want to phrase it.

@Rachel Fazio

Perfect. Thank you!

@Max Pallatt

I’m in the Little Rock area here. If you have any specific questions about people/areas, let me know.

@Russell Brazil

But specifically which “service” are you referring to? I can legally take calls and coordinate handymen to repair requests without a brokerage license right now. That’s what everyone tells me, is the “fee for service” but what SPECIFIC service.

I have no issue paying a percentage cut but not these huge fees I’m hearing. Could be just the couple I’ve talked to are high but dang! I completely agree the liability alone is worth it on my point of view.

I have been getting real conflicting information every time I bring this subject up so figured I would throw it up to the group for any insights on it.

My question is, what action makes a property management company an actual property management company?  I know in Arkansas you have to have a broker's license to manage properties for other owners but where is that line actually crossed at?  Accepting of payments from tenants?  Handling lease documents?  Doing background checks for prospective tenants?

I would figure that you could essentially be labeled as just an assistance company (for lack of another creative term at the moment) to owners to do odd end jobs like virtual assistants do with taking maintenance requests, showing properties, preparing documents, etc.  I would love to be able to start a property management company to help other owners out and basically just plug them into my system of how I deal with my properties but I have zero desire to become a real estate agent to become a broker.  

I would figure all the bookkeeping, phone calls, coordination, etc. wouldn't need to have a license to perform those acts and you could just sign a contract per say with the owner saying I'll provide X services at X fee that I bill you for every month.

I even considered going underneath someone else's broker license and just build up from there but the fact that they are going to take a big percentage of my already small percentage off rent just irks me when I'm willing to just build off my systems that I have already built/tested.  Maybe if terms were better than the ones I have heard so far.  Could maybe make a play with someone in a different part of Arkansas that is looking to expand to the Little Rock area perhaps.

Thanks for the insight!!