How to Become a Property Manager

Property management is a practical field to enter if you are worried about economic stability. It’s incredibly recession proof, as housing is a necessity and therefore people will be renting properties regardless of the economic conditions. But you can’t just decide on a whim to be a property manager — it has legal requirements and best practices.

In the vast majority of cases, being a property manager requires a broker’s license. There are certain cases in which it doesn’t, but they would not apply for rental properties, which are the bulk of managed properties. If you don’t want to get a broker’s license, though, you can consider managing commercial properties, but there would still be many restrictions.

First Tuesday, a real estate journal, has assembled a Property Management 101 infographic, complete with links to articles and PDFs for additional explication. This contains more specific details about the legal requirements, other applicable laws, and market information. You can find the infographic here: https://journal.firsttuesday.us/property-management-101/82682/

Photo by Towfiqu barbhuiya on Unsplash

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