All Forum Posts by: Marc Cunningham

@Garry C. you are correct and I was INCORRECT in my above post. I did check with the Colorado Real Estate commission. 

So to correct my above statement: If you are managing short term rentals in Colorado, you do NOT need a real estate license. The real estate commission does not give a definition of 'short term' vs 'long term', other than to say with 'short term' rentals there is no lease agreement in place.

However, they also state that if you DO have a real estate license, then your short term rentals fall within the guidelines and purview of the real estate commission.

So if you are going to only manage short term rentals in Colorado - you are may be better of NOT getting your real estate license.

Thank you Garry C for the correction!

@Christine N. You must have a real estate license in CO if you are going to charge for your property management services. It does not matter if it is long term vs short term. The real estate commission is going to require the license either way.  We manage long term, but not short term as it is not profitable and very time consuming to manage.  Maybe consider managing long term first and getting your license??

Hi Darius,

Feel free to contact me offline. Grace Property Management has helping local investors with Property Management Services in Denver since 1978.

Best-

@Aaron Jones check the management agreement you signed with the property management company as that should detail the time frame they have to remit your funds each month. We try and pay our owners on the 10th of each month (depending on how the weekend falls), but that is a pretty tight time frame. So if they are getting you funds the 13th to 16th, although it may be an inconvenience to you, I would not view that as a big cause for concern.

Job Title:

Resident Services Coordinator

Location:

Thornton, CO

About us:

North Denver Property Management company looking for an A player to join our team as ‘Resident Services Coordinator’. We don’t just manage properties; we work to improve the lives of residents and real estate investors through property management solutions. We are looking for someone to join our team who wants more than just a J-O-B; we want a person looking for purpose in their career and vocation.

Position will be tasked with:

1. Running the front desk and greeting all office visitors.

Candidate must possess:

1. A very strong moral & ethical foundation - integrity
2. Professional appearance
3. Ability to work hard …. very hard!
4. Fun and likeable personality
5. High degree of self confidence tempered by humility
6. Strong atention to detail and organization
7. Strong communication skills and ability to be articulate
8. Real Estate experience helpful

Primary job duties:

1. Greeting office visitors
2. Resident Relations
3. Data Entry
4. Overseeing our lease renewal process
5. Resident move-out coordination
6. Paperwork

Compensation:

From $16.00 per hour. Depending on experience and performance.

To apply, e-mail: [email protected]

1. Cover letter & picture
2. Resume
3. 1 sentence statement telling me what makes you an A player
4. Tell me what is misspelled in the above listing

@Brian Strauch

@Anthony Gayden - I was just in Nebraska teaching on property management for the state realtors association - sorry I missed you!

First - Check with your state real estate commission regarding requirements for 3rd party property management. Some states allow "anything" and other are very regulated.

Second - Get your property management agreement in place, review it with your attorney, and make it month-to-month. That will give your new clients a high comfort level with you. 

Third - Market effectively. The competition in the property management industry is tough. So you want to be wise with your marketing dollars.

Fourth - This all assumes you know HOW to do property management. Check into NARPM.com and PropertyManagementSystem.org for good resources on how to operate a successful property management company.

Feel free to IM me offline for other resources.

Best-

@Chris Lopez @Grant Shipman

If you are looking to get hired by a local high quality PM company I would start with google reviews. They are unfiltered and it is always interesting to see how the PM company responds BACK to a bad review. 

Then pick up the phone. Call the company you are interested in and be proactive. Don't just send an e-mail - make the personal connection. 

Feel free to reach out directly as well.

Best-

I agree with @Brian Phelt , search for a NARPM property manager. Feel free to IM me offline and I will share our '10 interview questions for a property manager' doc.

If your "hired" leasing agent made a discriminatory or illegal comment or action; YOU would be liable. That is just one reason you want to work with a Property Manager who knows HUD guidelines as it relates to leasing and fair housing.

@Ryan Murdock is correct. Your application should be exactly the same for each and ever unit you have; this will ensure you are in compliance with fair housing and HUD guidelines.