how to enter the property management field
I would love to enter the property management field here in the Placer county/Sacramento areas. I have a valid California state real estate license and am looking initially for part time opportunities. In 2 years I can retire from the Airlines and my goal is to transition into property management full time then.
Any advice or opportunities would be greatly appreciated. Also please write if you have simuliar goals or interests in investment Real Estate..
97- thranax
- 2040 posts
- Joined: 18 months ago
- Hubs: 43
- Fans: 299
The best advice is BE CAREFUL. When it comes to property it is really tricky with the economy the way it is. You could get stuck with a lot that is just utterly horrible, and to keep from losing a ton of money you need to lose a few thousand. It can just be really hard to do this, that's all. There are a lot of blogs an research sites on the topic, I am sure if your dedicated you will be able to do it!
~thranax~cashflow7 wrote:
I would love to enter the property management field here in the Placer county/Sacramento areas. I have a valid California state real estate license and am looking initially for part time opportunities. In 2 years I can retire from the Airlines and my goal is to transition into property management full time then.
Any advice or opportunities would be greatly appreciated. Also please write if you have simuliar goals or interests in investment Real Estate..I use a property management service, and I don't pay them very much. I figure if all my property manager did was property management, she would need to have about 25 homes to make a decent living. However, the percent paid to the property management in my case is based off the rent amount. So, I would weigh the pro's and cons of different rental priced homes.
High priced rental= high property management monthly income, but high price homes are generally harder to rent (Maybe not in Cali, but cost of living is higher). Why pay high rent when I can just get a mortgage?
Low priced rental= generally easier to rent, but you need a lot of them to make any dough.
So, I would say a good mix might be ok. Additionally, how effectively can you really spread yourself out to efficiently manage all those homes without pissing off the tenant, and even more so the client?- sophiebetty
- 1 posts
- Joined: 3 days ago
- Hubs: 0
- Fans: 0
I’ve looked for that particular statistic before — without any luck. The best anyone can do is estimate the number of businesses.
