How To Start A Property Management Company Introduction?

How to Start Profitable Property Management Company How To Start A Property Management Company?
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I'm Ebony Caldwell with our investment society. And this course is about how to start up profitable property management company. How do you start a proper profitable property management company and put yourself in a situation whereas you are going to be successful in what it is that you do. But the very first thing is we're going to talk about is gaining all of the tools and resources you need to start and have a successful property management company. In addition, you're going to learn the role of the property manager. What is the role of the property manager?

Who is the property manager going to be? Are you going to be the property manager? Are you going to hire somebody at your property management company to be the property manager, but you will learn exactly what those roles are, in addition to how to apply for Ei n number at no cost. So On this course, you will learn how you will apply for employment identification number for your business and not have to pay anyone for this something that you can do yourself. Learn how to incorporate your business. There are several different companies out there that will incorporate your business for you for a nominal fee, and they will ask you to provide information to them so they can help you get your business Incorporated.

The only concern that I have with this is you can the information you're providing to them is the same information that you're going to provide to your state to file your incorporation yourself. So you can say, Hey, I'll hire somebody as a convenience. But the reality is that convenience is you giving them all of this information, and the information you're giving them is the same information you have to give the state. So instead of us spending all of this money to incorporate your own business For the property management company, just go ahead and do it yourself. It only takes you about 10 minutes, maximum maybe 15. Understanding basic landlord tenant laws, you'll also learn just the basic landlord tenant laws, how to understand them, the resources that you need to locate them.

And then most importantly, just keep in mind that each state has their own landlord tenant laws. So, I will only be touching on the basic which is, when I say basic, I mean basic, common sense laws, such as advertising, steering, you know, Equal Housing, just everything you want to make sure everything is as perfect as it can be when it comes to you have been the landlord, the property manager who's representing the landlord, and when it comes to the tenants rights, tenants do have rights whether you like it or not, whether they a bad tenant, whether they a nuisance tenant, the fact is they still have rights. Again, you will get all the resources and tools that you need. So I'm on the, in the course, you'll get to as far as how to locate forms where you can locate these forms that some legal advice.

So when I say legal advice, just like in the course, I'm going to emphasize I am not an attorney. So I'm not going to give legal advice. But I will direct you where you can go to get legal advice. If for some reason you do not have an attorney, or you do have an attorney, but your attorney is a little costly. So again, how to start a profitable property management company, you will get all of the tools that you need to help you get started, and the tools that you're going to need to help you get started. There's going to be websites as far as property management software, where to do credit checks and background checks, how to do your maintenance work orders.

So these are the things that you need to do how to do good bookkeeping. And again, I don't talk too much about it. But I'm going to give you the basic information that you need and tell you why you should and why you should not and where to go to get these resources. So again, let's get started on how to start a property profitable property management company and most importantly, how to be successful with it.

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