Interested in Rental Property Management? Check out this step by step course! 15% OFF using code: RENT steveinvests.mykajabi.com/offers/9rcgf6v9?coupon_code=RENT
This is a great video, I’m looking to learn as much as I can on real estate so I’ll be checking your channel a lot 👍. Great beard by the way, it’s solid 👍👍
Steve Invests no I am actually into Marketing. Specifically Digital Marketing and Research. I’ll comment with my other channel as well you can subscribe ✅
@@SteveDaria There are more affluent areas around, bit those are newer owner managed/already managed properties. It's something to strive for though. Been in property management for 15 years (For a corp PM company), construction/remodeling before that in 2008 before the crash. I want to mesh the 2 together. I have 4 doors myself but finding properties at a cost level that is profitable has been tough. Was pondering this path due to my connections in the industry and with investors. Researching to see if this is profitable enough for the work load, as it seems volume based. I always ask myself, if I delivered pizzas part time (no risk) how much would I make per year comparable? Fun exercise in reality 😁
@@SteveDaria thank you for your quick reply! I own a property management LLC. I am not a broker. I have my license with a broker. Would you happen to know if it is legal for me to open my own escrow account to house multiple rents and disburse funds to owners and myself from that account? Thank you my friend. Love your videos.
Just got my property management license in SC just because I enjoyed managing my own STRs I wanted to do others. But the more I’m looking into it I’m realizing it’s going to take a lot of clients to make good money. Any ideas of other avenues in the PM world to explore. I’ve been advised to just get my real estate license.
Awesome content. Do you think this is possible/do-able when you first get licensed or would you recommend getting experience by working for a company first?
Hi Daniela. There is always a level of liability in leasing property. So getting with a company or broker who already is leasing real estate maybe a good plan especially if you are green to the biz. I’ve got a course launching in about two weeks as well that goes much more into detail. 🤙😎
Great video, I recently got my CA real estate license and would like start a PM business. Should I work for PM company first? If yes any recommendations?
Hey Steve I came across your video today and learned your from fort Myers as well and I plan on to getting into real estate, what does it take to be a real estate agent in Florida and our area
Hi Vanessa. You should check with your state laws. In Florida to do leasing for annual rentals you need a real estate lic and under a broker. Short term (vaca rentals) under 6 month stays you do not.
Amazing video! Since this was posted a few years ago what are your views on starting property management now in todays market and what marketing strategies would you use today to get new clients? I am a licensed agent/Investor in Southern MD.
Hey Steve, awesome video! So question ... I may be missing something, but how many employees does your company have? Isn’t managing 100 properties alone a challenge? Especially if there are issues with a handful of the renters? You said in 18 months you could obtain 100 landlords... this is alone? Thanks in advance!
Thanks Greg. Yes you will need a team to handle 100 properties (and less). Many of them can be outsourced. IE handyman, cleaners, contractors, other agents helping to show properties for lease. Other than that hiring an assistant part time once you need it. You’ll know when you need the extra help as you grow.
Hey Steve, do I have to find a broker that allows property management or I can just manage properties as a licensed agent without getting the broker involved? I have a LLC setup, can I use my LLC to manage properties?
In most states you will have to be under a broker. The broker assumes all responsibility. And all commissions etc run through the brokers company. What’s state are you in?
Hey Steve, how would you apply this to commercial real estate? I'm a broker, currently have experience with retail and industrial property sales in the 5k-10k SqFt range and I see opportunity to help out the owners with more than just brokerage services.
Hey Steve, love your content! Deserves a thumbs up and subscribe. Why did I just find your channel now? *sigh* Anyway, just wanna ask if you considered partnering with a data company to help out in screening tenants and verifying data related to the business?
Hello. For leasing and managing long term rentals 6 months + A real estate license is needed in most states. No need for a lic for short term as it falls under hospitality. Property management for an association (not leasing) requires a CAM lic. Community Association Management.
Steve. I am managing 34 single-family in all over south Florida for seven years including 11 ware houses, outsource Pakistan and want more landlords needs your help.
Steve, thank you for the video. Great information! I have a specific marketing question pertaining to vacation home owners who are not often using the property, more and more I see this in my area due to the happenings of the last couple of years. I think a lot of these people are under the impression that renting their property out would be a headache and so they might sell reluctantly, even knowing that the land is going to appreciate in value. How to find these people?
Hi Steve, I just purchased my first commercial land and I’m currently working with an architect to have a building built on top. I have already secured my LLC and wanted to know do I still need my brokers license to run my property management company? What about managing agricultural properties?
@@SteveDaria just to clear if I own the building I can START my own property management company to run the building without a brokers license. Or do I need to have an existing pm company to run it if I don’t have the license?
If you own the property you can do what you want with it based on zoning. If you’re leasing / managing for others it may require licensing. Based on your state etc.
Hi Sina. I think so. But likely some extra knowledge for what exactly is needed. We have agents from Russia and UK I believe on Visas. Not 100% sure though
Hello Steve, What needs to be in place to start the Property Management Company? What systems, etc, I am talking about techwise? Background checks - how do you do this or how do you buy a system that does this? Credit checks - how do you do this or how do you buy a system that does this? What or where is that open market where I can have my presentation presented?? I KNOW I AM ASKING WAY TOO MUCH NOW - DO YOU MIND SHARING YOUr PRESENTATION ON YOUR CHANNEL? OR IF YOU WANT CAN YOU EMAIL YOUR PRESENTATION. I have a full access to MLS and Realist. I am learning so much from your channel that's not even funny. I have sent your channel to my budy who teaches Economics. One last question for you is what watch ware you wearing here? I am guessing Breitling!
Appfolio and Buildium are two great platforms. There are many all in one that can handle background checks, etc. I HIGHLY suggest you get with a good broker who is experienced with leasing / property management and have a good RE attorney on your side. There are many lawsuits in discrimination, etc. And you do not want to be part of that. If this is your focus go work with an experienced team. Start there. You got to get in the field and begin. That is going to contribute to the biggest lessons learned in this biz. Thanks for watching the vids and I appreciate your support. As for the watch no. I’m not too fancy. Most of my $$ goes into investing.
I HAVE BEEN MAKING LOSSES TRADING MYSELF.... I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO???
@Daniel Jinkai I lost £1200 carelessly trading on a Platform then I was referred to Mrs Rebecca Jackson she recovered the loss and made an extra profit of £4600.
@@laurindag.burton8233 I achieve great success every week with the guidance of my BROKER and since contacting my Broker, Mrs Rebecca Jackson, I have gained a lot with small losses, her trading strategy is top-notch.
Expedite getting Rental listings. Get For Rent By Owners phone numbers right here! The link below will waive their $149 sign on fee!! Explode your business right now! www.theredx.com/affiliate/real-tour-life/
Yes you need a real estate license to lease real estate. However if you handle short term under 6 months it’s considered hospitality and you don’t. We averaged $15-20k a month.
My sister and I grew our property management side of things. Was an excellent opportunity during the downturn in the market. Which I foresee to happen again.
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
Interested in Rental Property Management? Check out this step by step course! 15% OFF using code: RENT steveinvests.mykajabi.com/offers/9rcgf6v9?coupon_code=RENT
This was a lot of good info. Thank you Steve.
The importance of property management is very well explained. Thank you.
Thank you 🤙
Wow, this video is unlike anything I’ve ever seen before! Keep up the super awesome work!
Geez , what a good vid man. I really appreciate the info. Seriously
Thanks Rey 🤙
Thanks for taking the time and sharing some nuggets!
Awesome content!! Just getting started in PM this year
Nice! Much luck Edgar 🤙
Applying these methods tonight !! Just emailed 150 plus agents with listing on the market over 90 days ( a long time in my local market)!
Awesome work Gilbert! It’s all about implementation 🤙😎
Very informative, thanks!
🤙🤙 More on that on my other channel The Distressed Agent
Thanks ❤
Lovely video! Do you recommend the use of any PMS?
Door loop is pretty good 👍
Thank you so much I’m new to the game.
Thanks for watching 🤙😎
Good Info Steve!
Thanks 🙏
Nice thanks
🤙🤙
This is a great video, I’m looking to learn as much as I can on real estate so I’ll be checking your channel a lot 👍. Great beard by the way, it’s solid 👍👍
😂 thanks
Can I have a property management company as well as be an agent at another brokerage at the same time?
Awesome video!! Sooo many options as a new RE agent!! Thanks for sharing
Thanks again for watching Ryan. Yeah there are a lot of ways to make a great living in real estate. All about focus on a niche.
I luv u I never got so much from one video 🙏🏽
Thanks Sha 😉
Thanks for this information it was so helpful. I will continue to watch your videos on Real Estate 🏡
Steve Invests no I am actually into Marketing. Specifically Digital Marketing and Research. I’ll comment with my other channel as well you can subscribe ✅
Here is my other channel. I own a Digital Marketing business called Creative Minds. Real Estate is nice, I will look into it ✅😁
Great Video! In our area, we typically see 50% of first months rent.
Great informations right keep it up man!
Great info as always! Thanks for the awesome content!!
Thanks for watching Matt 🤙😎
I like this!
Do you need a broker to apply for the license ?
In most states you will just need to have a real estate license and held under a broker.
I’m going to get my real estate license and this is what I want to do. It’s only a few in my area. Wow this was full of great info
Thanks for watching and much luck to you DeDe!!
I am new in property management. How can I find more property to lease. Which software is good to keep the properties and data updated.
Great video could you also do a video on how to start a property management? The steps to put the company in place and how to get your first client.
Average rents here is half of $1,600. 10% is going to be tough to get the volume needed to make it worth it. Getting the business plan together
Is that every area? Or can you take on multiple areas, some with higher rents? Sometimes more economical areas can work well too with less turn over.
@@SteveDaria There are more affluent areas around, bit those are newer owner managed/already managed properties. It's something to strive for though. Been in property management for 15 years (For a corp PM company), construction/remodeling before that in 2008 before the crash. I want to mesh the 2 together. I have 4 doors myself but finding properties at a cost level that is profitable has been tough. Was pondering this path due to my connections in the industry and with investors. Researching to see if this is profitable enough for the work load, as it seems volume based. I always ask myself, if I delivered pizzas part time (no risk) how much would I make per year comparable? Fun exercise in reality 😁
Yeah. Many pros with property management. Keep in mind you can make commissions selling to investors and tenants also purchase. 🤙🤙
How do you set up your bank accounts to collect rent from multiple owners?
If you’re managing then it would be an escrow account through the brokerage.
@@SteveDaria thank you for your quick reply! I own a property management LLC. I am not a broker. I have my license with a broker. Would you happen to know if it is legal for me to open my own escrow account to house multiple rents and disburse funds to owners and myself from that account? Thank you my friend. Love your videos.
If it’s your own properties yes. But if you are managing for others it would have to flow through the brokerage. Unless if they are STR.
What certifications do I need in order to do this!?
Hi. Annual leasing will require a real estate license in US.
Just got my property management license in SC just because I enjoyed managing my own STRs I wanted to do others. But the more I’m looking into it I’m realizing it’s going to take a lot of clients to make good money. Any ideas of other avenues in the PM world to explore. I’ve been advised to just get my real estate license.
Yes. RE lic. Home watch if in a seasonal area.
Awesome content. Do you think this is possible/do-able when you first get licensed or would you recommend getting experience by working for a company first?
Hi Daniela. There is always a level of liability in leasing property. So getting with a company or broker who already is leasing real estate maybe a good plan especially if you are green to the biz. I’ve got a course launching in about two weeks as well that goes much more into detail. 🤙😎
Great video, I recently got my CA real estate license and would like start a PM business. Should I work for PM company first? If yes any recommendations?
Nice 👍 I’d look in your area and see what agent or brokerage is hustling most of the rental listings. And talk with them.
Hey Steve I came across your video today and learned your from fort Myers as well and I plan on to getting into real estate, what does it take to be a real estate agent in Florida and our area
Hey. Just need to do the course and pass the state exam. Fairly easy. Real estate express link in description does online as well 🤙🤙
Hi Steve, Where in FL are you located?
Hi Stephanie. We are in Bonita Springs.
Steve you need a Broker to do this correct? One must get the Broker permission?
Hi Vanessa. You should check with your state laws. In Florida to do leasing for annual rentals you need a real estate lic and under a broker. Short term (vaca rentals) under 6 month stays you do not.
Hi Steve! Where do you get your list of absentee owners? I live in CA if that makes any difference.
Hi Lea. Our property appraiser site provides them. Also in our mls (realist). 🤙
Thank you!
🤙😎
Good share
Amazing video! Since this was posted a few years ago what are your views on starting property management now in todays market and what marketing strategies would you use today to get new clients? I am a licensed agent/Investor in Southern MD.
Thank you. More than ever before. Market shift. People can’t sell. Upside down on their mortgage. Alternative rent it out 👍
@@SteveDaria Thank you for the reply! Any marketing strategies you're using today that work better than before to onboard new clients?
I have my license. Is it possible to do this part time starting out?
For sure. I’d have a plan to go full time though in order to service your clients
@@SteveDaria awesome! Ya for sure. That is definitely the goal. Thanks for the reply. Subbed!
Thank you 🤙
Hey Steve, awesome video! So question ... I may be missing something, but how many employees does your company have? Isn’t managing 100 properties alone a challenge? Especially if there are issues with a handful of the renters? You said in 18 months you could obtain 100 landlords... this is alone? Thanks in advance!
Thanks Greg. Yes you will need a team to handle 100 properties (and less). Many of them can be outsourced. IE handyman, cleaners, contractors, other agents helping to show properties for lease. Other than that hiring an assistant part time once you need it. You’ll know when you need the extra help as you grow.
What is the net on the $16,000 month example? The gross of $192,000 annual sounds real impressive, but what is the overhead....Net income please
Hey Steve, do I have to find a broker that allows property management or I can just manage properties as a licensed agent without getting the broker involved? I have a LLC setup, can I use my LLC to manage properties?
In most states you will have to be under a broker. The broker assumes all responsibility. And all commissions etc run through the brokers company. What’s state are you in?
SteveInvests I’m in Texas, we have to be sponsored by a broker and majority of them don’t support property management bc of the high E&O.
I’d search what companies are strong doing rentals in the current market and align yourself with them.
Hey Steve, how would you apply this to commercial real estate? I'm a broker, currently have experience with retail and industrial property sales in the 5k-10k SqFt range and I see opportunity to help out the owners with more than just brokerage services.
Just realized we're in the same market!
Leasing Commerical property?
@@SteveDaria no, specifically commercial property management (however I have brokered commercial leases in the past)
Gotcha. Many times they go hand in hand. You can definitely make consist revenue handling CAM in commercial setting.
Hey Steve, love your content! Deserves a thumbs up and subscribe. Why did I just find your channel now? *sigh* Anyway, just wanna ask if you considered partnering with a data company to help out in screening tenants and verifying data related to the business?
Hi Can I run a property management company with a realtor license or I need any other license
Hello. For leasing and managing long term rentals 6 months + A real estate license is needed in most states. No need for a lic for short term as it falls under hospitality. Property management for an association (not leasing) requires a CAM lic. Community Association Management.
Steve. I am managing 34 single-family in all over south Florida for seven years including 11 ware houses, outsource Pakistan and want more landlords needs your help.
Great work 🤙
Steve, thank you for the video. Great information! I have a specific marketing question pertaining to vacation home owners who are not often using the property, more and more I see this in my area due to the happenings of the last couple of years. I think a lot of these people are under the impression that renting their property out would be a headache and so they might sell reluctantly, even knowing that the land is going to appreciate in value. How to find these people?
Thank you 🙏 I would find an area of high concentration of absentee owners.
Hi Steve, I just purchased my first commercial land and I’m currently working with an architect to have a building built on top. I have already secured my LLC and wanted to know do I still need my brokers license to run my property management company? What about managing agricultural properties?
Congrats Shana! If they are your own properties you don’t need any real estate lic / brokers lic. 🤙
@@SteveDaria just to clear if I own the building I can START my own property management company to run the building without a brokers license. Or do I need to have an existing pm company to run it if I don’t have the license?
If you own the property you can do what you want with it based on zoning. If you’re leasing / managing for others it may require licensing. Based on your state etc.
Can I get a Real Estate License in the US even if I am a German citizen?
Hi Sina. I think so. But likely some extra knowledge for what exactly is needed. We have agents from Russia and UK I believe on Visas. Not 100% sure though
"Watch the video to the end for exciting information" is just like saying "Go ahead and click on the X at the top right of your screen now"
cool
😎🤙
Hello Steve,
What needs to be in place to start the Property Management Company? What systems, etc, I am talking about techwise?
Background checks - how do you do this or how do you buy a system that does this?
Credit checks - how do you do this or how do you buy a system that does this?
What or where is that open market where I can have my presentation presented?? I KNOW I AM ASKING WAY TOO MUCH NOW - DO YOU MIND SHARING YOUr PRESENTATION ON YOUR CHANNEL? OR IF YOU WANT CAN YOU EMAIL YOUR PRESENTATION.
I have a full access to MLS and Realist.
I am learning so much from your channel that's not even funny. I have sent your channel to my budy who teaches Economics. One last question for you is what watch ware you wearing here? I am guessing Breitling!
Appfolio and Buildium are two great platforms. There are many all in one that can handle background checks, etc.
I HIGHLY suggest you get with a good broker who is experienced with leasing / property management and have a good RE attorney on your side.
There are many lawsuits in discrimination, etc. And you do not want to be part of that. If this is your focus go work with an experienced team. Start there. You got to get in the field and begin. That is going to contribute to the biggest lessons learned in this biz.
Thanks for watching the vids and I appreciate your support. As for the watch no. I’m not too fancy. Most of my $$ goes into investing.
Do u need to go to school for this stuff? Theirs a lot of rental property laws.
Yeah. Long terms rentals require a real estate license.
I HAVE BEEN MAKING LOSSES TRADING MYSELF.... I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO???
@Daniel Jinkai I lost £1200 carelessly trading on a
Platform then I was referred to Mrs Rebecca Jackson she recovered the loss and made an extra profit of £4600.
@@laurindag.burton8233 I achieve great success every week with the guidance of my BROKER and since contacting my Broker, Mrs Rebecca Jackson, I have gained a lot with small losses, her trading strategy is top-notch.
@Daniel Jinkai You don't need to be shock because I'm also a huge beneficiary of expert Mrs
Rebecca Jackson.
Here in Canada Expert Mrs Rebecca Jackson carries out the both orientation and mentorship
Potentials.
I stumbled upon one of her clients testimonies and decided to try her out... I'm Expecting my third cash out in 2days.
*
Would getting a asbestos testing license put me ahead of the competition?
As a lease listing real estate agent?
$1,600 a month?? Dream on. Avg rent price in cAli as of 2022 is at least 2.3k easily. Your state may vary
So good
Please I want your email..
I have a question?
Thank you
info@steveinvests.com
Have you ever wondered the difference between great music, great videos and real estate? Subscribe to our page and find out. Lol.-Piercing Instincts
Expedite getting Rental listings. Get For Rent By Owners phone numbers right here! The link below will waive their $149 sign on fee!! Explode your business right now!
www.theredx.com/affiliate/real-tour-life/
Just curious what's the most you've made in a month with this? Do you need a realtis license?
Yes you need a real estate license to lease real estate. However if you handle short term under 6 months it’s considered hospitality and you don’t. We averaged $15-20k a month.
Wow, how does one get to this point with a one man show
Thank you Steve😄
My sister and I grew our property management side of things. Was an excellent opportunity during the downturn in the market. Which I foresee to happen again.