What rules apply to becoming a property manager?
156955
There are no specific "rules" if you own the property, however if you are talking about going into property management - A property manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so. Typical jobs include finding/evicting and generally dealing with tenants, home repair, home improvement, cleaning, landscaping and snow removal, to be coordinated with the owner's wishes. Such arrangements may require the property manager to collect rents, and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may simply delegate specific tasks and deal with others directly. A property manager may arrange for a wide variety of services, as may be requested by the owner of the property, for a fee. Where a dwelling (vacation home, second home) is only periodically occupied, the property manager might arrange for heightened security monitoring, house-sitting, storage and shipping of goods, and other local sub-contracting necessary to make the property comfortable when the owner is in residence (utilities, systems operating, supplies and staff on hand, etc). Property management can also include commercial properties where the property manager may operate the business, as well as managing the property.\n\nOnly SOME jurisdications may require a property manager to be licensed for the profession.
670312
Entry into the real estate profession takes preparation. As with other professions, licensing is required. Licensing requirements vary across the nation but all states require prospective salespeople and brokers to pass written examinations. Questions generally cover the fundamentals of real estate transactions and laws affecting the sale and rental of real estate.\n\nIn Rhode Island, it is required to take 45 hours of pre-licensing education courses before applying to take the exam. Pre-license courses are intended to provide the first step towards professionalism in real estate. These courses are an investment that will give participants a lifetime return.\n\nThe Rhode Island Association of REALTORS has the state’s largest real estate school and offers a 45-hour course designed to successfully prepare an individual to take the Rhode Island Real Estate Salesperson’s examination. Course is offered from 6 pm - 9 pm evenings and from 9 am - noon mornings. Course meets for 15 sessions. Classes are scheduled on a monthly basis. All instructors are professionals in real estate and/or law.\n\nTake a look at the official site of the Rhode Island Board of Realtors for more info: http://www.riliving.com/Careers/default.asp
291374
Well it depends on the state for which you live. I know in Missouri you must take a 60 hour course. Then you can take your state realtor's license.
27066
Rules from a Book.\nTips from a Tutor.\nExperience from the telecost.\nPractise with your best attention.
236243
It helps if you join an organization like IERA you may need to find one in your area like it:\n\nhttp://www.iera.org/\n\nThis way you get forms and advice on what to do as well as free access to a lawyer (once per incident) for questions. \n\nThe basics of what you need to do are to get all your forms ready (this includes lead based paint disclosure, fire alarm battery notice and any other required in your area), then advertise. \n\nWhen people call let them ask you about the place and then show it to them. If they are interested talk with them a bit to make sure they will meet your requirements(they should not pay more than 50% of their take home pay for rent and they should not have horribly lousy credit, they should not have evictions, and anything else you require like no pets or no smoking etc.) \n\nHave them fill out an application and pay the screening fee. Take the advice of the screening company if they say you should not rent then trust them.\n\nOnce you accept them take a first month and damage deposit, and get a last months rent over a few months if you can in your market or if the people are willing. Go over all the forms you got and make sure they know the rules (they must keep the lawn mowed, house looking neat, etc).\n\nThen you are set.\n\nGood luck.
988722
First requisite to hotel management is to be smart,energetic & well spoken coz this is service industry.so doing in UK will develop ur personally which is a essential feature.
241498
Contact your city's hosuing authority, tell them you would like to list a house with them to rent... then they will put you on a list...people will contact you to look at the property.  You screen your own applicants.  Generally it is best to not try and collect a full deposit from then (25 to 50% or none).  Section 8 will then inspect the house and make sure it is up to code.  Then, the applicant becomes your tenant, they pay you a copay (for a three bedroom house it could be like $125 dollars) and the government sends you a check for the rest.
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A QUICK LOWDOWN ON RENTAL RULES IN INDIA\n\nAccommodation is the basic requirement of every individual. In a country, like India, where the skyrocketing real estate prices have almost made land untouchable for average Indian, a rented accommodation is a much better option. India rentals are among the lowest. In big cities like Mumbai, Delhi, Kolkata, Chennai, Bangalore and Pune, one can easily find apartment for rent through the rental classifieds. India also has some stringent laws relating to property, which clearly identifies the rights of tenants by virtue of the possession of tenant property.\n\nThus, it becomes all the more pertinent to know the basic rental rules prevalent in the country.\n\n• Know your rental agreement. Basically, there are three kinds of rental agreements – weekly, monthly and a fixed term of not less than 6 months and not more than 12 months. Your rental agreement determines the time and mode of payment of rent. This rental agreement is either prepared in duplicate or a copy of it is given to the tenant failing which, the tenant would not be bound by the terms of the agreement. The sub-tenancy is generally not allowed but the rental agreement may provide for the same if both parties give their consent. The rental agreement also lays down the minimum period of notice for termination of the agreement.\n• Premises. The landlord is required to hand over the premises to the tenant in a livable state. He is also responsible for the periodic repairs and maintenance. The tenant is required to exercise due diligence while living in the rented premises. He will be responsible for repairs if the damage is caused by his own fault or negligence.\n• Privacy. The tenant is entitled to complete privacy and the landlord can be held for trespassing if he enters the rented premises without permission, except in exigent circumstances.\n\nApart from the basic requirements, a rental agreement may vary and provide for any mutually agreeable, but legal, arrangement between landlord and the tenant. \n \nAbout The Author... \nSmantha Sen is an associated editor of website www.realtymantrarentals.com. The website is a rent guide, dedicated to provide all information required for rental properties all across India. Your queries and suggestions are welcomed at smanthasen@gmail.com \nProvided By: Real Estate \n \n http://www.articlefeeder.com/0-51209-32-A_QUICK_LOWDOWN_ON_RENTAL_RULES_IN_INDIA.html
385624
Technically, anyone can "manage" property. Anyone who actually knows what their doing would have the following:\nBe bonded and insured, have good knowledge of landlord/tenant laws and maybe even have some background in business. Also, to run credit checks you need to have a TRW license, in CA anyway. Also you need to be "people" person and work well with others. you also need to be firm and stand your ground too. Nobody wants an ass for a manager, but you also don't want to be walked all over too.
41311
At a minimum, age 18, the age at which most states consider you to be an adult and able to enter into a rental contract.\n\nSome apartment owners may require an older age, like 21. Depends on the market.
807811
I hired a property manager from the largest and most respected real estate firm in my area. It was the best descision I ever made.   \n   My reasoning is that whoever was going to manage the property would be easily replaced. For the time they worked the property, their work would be well overseen and rewarded. They would have good connections for service to the porperty and a large number of referals for handymen and applicants for suitable renters.\n    As I said, it has worked out great. He just gets a little eager sometimes about renting to the first person that applies and I have to slow him down until more applications come in and the best one presents itself.
90241
try www.property shark.com It only applies to certain states so I'm not sure if you state is included but worth a look. Or you could contact your local real estate agent- they will tell you.
260385
First thing tomorrow morning go to a real estate office and asked to speak with a broker.  If they wanted they could take you under their wing and show the ropes.  By preparing you for the state exam they could mold you into a  successful agent once you've completed your classroom hours and pass the exam.   Best of luck...But remember...it's all about ethics..Seriously...nobody wants to sit in arbitration sessions when they should be out there selling the houses they are being commisioned to sell.
738178
I am not sure what you are asking. Do you own property or want to sell property for other people?  I am going to assume that you want to be a Real Estate Sales Representive.  You have to be licensed in the state in which you plan to practice. Each state has it owns laws as to what classes and how many credits you have to take. You will have to pass a state exam. You will have to be sponsored by a Broker and work for a Broker.\n\nThe place to start is to look in your local newspaper on a Sunday and look at the Real Estate ads. Most companies are on the internet these days so you will want to look at both the newspaper ads and the internet website for a number of different companies in your area.  Which one do you like the sound and look of the best?  Which companies are the largest in your area?  Which have the best reputation?  Research all of this first. Then pick a few and call for an interview.  \n\nA job with a Real Estate firm is not like other jobs. You are not an employee. You are a subcontractor and you are paid a commission.  Some places you will have to pay all of your own advertising cost.  So make your decission carefully.  When you decide which company you want to go with, talk to the Sales Manager and see what you have to do to get licensed.  Wherever you go it is going to cost you quite a bit of money upfront before you start.  And you will need some money to live on for the first few months.
622177
Are you at the planning stage or are you buying in? In order to manage you must know your tenants. Who are weak and who are strong. Everyone wants to make money and if your tenants can not afford the rent than you maybe the problem. Rents, Mortgage payments, Loans, Cash Flow all are responsibilities of the manager. Do your research and do not ask for advice on the Internet. TOO many people depend on you.
156350
It depends on what type of real estate you go into.  Most people work in small offices selling residential real estate others sell new homes.  Some do property management, then the big dogs do land acquisition for investment firms and developers.  The first two types (resale, new homes) are all marketing, sales and handling escrows (paperwork).  Property managers market their rentals then manage the accounts, making sure rent is paid on time and that the properties are maintained in good condition.  Then you have the acquisition people, their jobs involve a lot of research, finding the right land and making sure all plans are feasible and profitable.  \nI hope I have answered your question.
901243
Your license needs to be held by a brokerage in order to list properties. You need to get hired by a real estate agency.