article thumbnail

California Increases Dollar Limit for Home Repairs Without Licensed Contractors

Authority Property Management

Signed into law in September 2024, California Assembly Bill 2622 (AB 2622) introduces updates to the Contractors State License Law that directly benefit property owners and renters. AB 2622 raises the dollar threshold for contracting work that does not require a licensed contractor. What Is AB 2622?

article thumbnail

How to Become a Property Manager—and Actually Build a Business

BetterWho

Step 3: Understand Licensing Requirements Most U.S. states require you to have: A real estate license A broker’s license (in some cases) Registration under an existing brokerage or PM company Always check your local state laws for updated requirements. You just need your license and some hustle.” But don’t stop there.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mind the GAAP: GAAP accounting 101 for property managers

Buildium

If your books are a mess and you cant do that, you could be fined, you could lose your license, and you could even go to jail. After working in the industry for several years, he sees it as a best practice that can help you avoid serious liability in the event of an audit: It can be a matter of your reputation or even your livelihood.

article thumbnail

When to Consider Hiring a Professional Property Manager

AirKeeper

Between handling guest bookings, coordinating cleaners, juggling maintenance needs, and staying on top of local regulations, what starts as a promising investment can quickly become a full-time job. If youre feeling exhausted, unable to take a break, or anxious about every booking, its a clear indicator that the current approach isnt working.

article thumbnail

Property Management Programs: What Are They?

BetterWho

These include: NARPM Certification (RMP, MPM) IREM’s CPM Designation State licensing courses (required to operate in most U.S. Book a free discovery call with our consulting team Training & Certification Programs If you’re new or building your team, training programs can fill critical knowledge gaps. Want more help?

article thumbnail

Top 10 Pieces of Advice for Property Managers

BetterWho

Start by understanding how pros organize their businesses—not just how they get licensed. Book a free discovery call with our consulting team That way, you build structure that scales. Thinking about how to become a property manager ? We’ve seen companies recover from bad hires only by switching to a strategic recruiting process.

article thumbnail

Why Property Management Maintenance Feels Expensive (and What’s Really Going On)

T&H Realty

Need a licensed HVAC, plumbing, or electrical pro? On top of this we have ongoing fees for Indiana General Contracting licensing and bonds. We’re an open book. Maintenance Technician Wages A solid, full‑time W‑2 tech earns ≈ $25/hour (payroll taxes, benefits, and training already baked in). Expect 1.5–2× 2× that rate.