property management

Eric Caron
Agent
Groveton, NH

I'm 18 and a newly licensed agent. I love the real estate sales transaction but I am interested in getting into property management in my area. Can I get any advice on this?

Answers (3)
Jordan Muela
Property Manager
Austin, TX

Make sure you know what you are doing and that you are truly interested in dealing with tenants which is fundamentally different than dealing with buyers or sellers. I would agree with Scott in that you would be well served to try to find a way to get some experience working under a season property management professional.

Thu Oct 22 2009, 21:23
Scott Godzyk
Agent
New Hampshire

The previous answer was a great way to put it. Yes i agree definately go to your broker to see if they will practice this type of Real Estate. Property management is tough. Although you can branch from Residential to commercial. The residential part is tough. You really need a background and experience in all aspects of collecting rents, maintenance, utilities, evictions, screening tenants and listening to excuses. I started managing my own buildings and learned lessons by fire as they say. I was in the trenches. The best way to learn is to accompany someone who does it to one see if this is really what you want and to learn. If it is you will come up with your own style using the lessons you learn to guide you. Good luck.

Fri Aug 1 2008, 05:57
Dane Hahn
Broker
03833
FIRST ANSWER

You ask,"Can I get any advice on (getting into property management)?" The first place to go is not to the internet--but to your Broker, and here's why: The business of property management is like a beautiful field of flowers growing intertwined among land mines--the liability is huge and your Broker will be taking on all the liability you can generate. So do everyone a favor and start your training in your Broker's office.

Thu Jul 31 2008, 16:42

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