Remove Broker Remove Demo Remove License
article thumbnail

How property managers can expand their business by acquiring other property management companies

Buildium

Work with brokers who specialize in property management mergers and acquisitions. Confirm that the company complies with local licensing and regulatory requirements, including trust accounting standards. Missing licensing renewals, trust accounting rules, or lease compliance can lead to fines and legal issues.

article thumbnail

Property management income and expenses: What you need to know [free template]

Buildium

Whether youre a real estate broker looking to branch out, or completely new to the rental market, the property management hustle can offer lucrative, consistent opportunities. Insurance and licensing : Depending which state you operate in, you may have to get licensed as a property manager, or even as a realtor.

article thumbnail

How to create a property management business plan: Step-by-step guide and free template

Buildium

This section ought to cover the following: Legal Requirements and Licensing: Depending on where youre located, your business could be subject to certain legal requirements or have specific licensing needs. Typically, your states Secretary of State website will outline these requirements, so make sure to do your research.