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Kingslea Hale

Property Management or Realtor?

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REALTORS®
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Property Management or Realtor?

By Kingslea Hale   
Posted on Mar 21, 2019 in Topic: Property Management
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Status: Open
Viewed: 382
Asked by: REALTORS®
Posted: 2 months ago
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Mark McNitt
about 2 months ago
Hi Kingslea,

What is your question? Can a Realtor be a property manager? The answer is yes and in fact, they should be!

Mark McNitt
MarkKnowsHouston.com
832-567-4357
Bernstein Realty


about 2 months ago
Bronze
Mark Brown
about 2 months ago
Hire a property management company to find your renter. Just a realtor will find someone who meets your minimum qualifications for income and credit scores. They get one transaction, make their commission, and then they are gone. But an experienced property management company is in it for the long haul. They are incentived to find someone who will pay rent every single month, not just meet a one time application. They know how to check for fake credit reports, fake paystubs, and fake references and the better ones will even guarantee their tenants so you don’t pay a second commission if the first one doesn’t work out. Finally, all property management companies have to be run by licensed realtors, so you actually get all the benefits of a regular realtor plus a lot of specialized knowledge and skills that most realtors don’t have. I think you would be well served to find a competent property management firm. If you have any other questions, I’d be happy to help.


about 2 months ago
Bronze
Kelly McKenzie
about 2 months ago
Property Management. Actually there was a post that Realtors can be Property Managers, and that is not the case. In order to transact in the act of Property Mgt., you have to be a Broker,and a trust account has to be in place. No realtor can say they are a PM, accept money, etc.


about 2 months ago
Bronze
CHUKWUELOKA UZODIKE
about 2 months ago
"Property management can be labor intensive, a legal minefield and seem like more trouble than it is worth. But with proper staffing and systems in place, property management can add another stream of income to your business — and set you apart from your competitors."
p.s. my quoted source is an Inman Select article and may require a subscription to read in full.


Source:


https //www.inman.com/2019/03/21/should-your-brokerage-open-a-property-management-division/?utm_source=dailyheadlines&utm_medium=email&utm_campaign=localnewsletter&utm_c

about 2 months ago
Bronze
Elaine Loebe
about 2 months ago
Both!!!!
they are both rewarding and demanding. Although, as a realtor you are not allowed to do property management, only brokers, due to the handling of moneys for the landlords. Special accounts, etc must be in place. Unless is multi-family and work directly for the owner. I like both. Just ensure that proper training and specialization is taking place.


about 2 months ago
Bronze
Casper Bonner
about 1 month ago
Property management is the directing of private, commercial and/or industrial real estate, including condos, apartments, detached houses, apartment suite units, and strip malls. Most states require property management organizations to be licensed by the local real estate board. https://tryassignmenthelp.com/write-my-assignment


about 1 month ago
Bronze
Kaitlyn John
about 4 weeks ago
Really thank you for opting this topic for discussion. I too had the same doubt whether the Property Manager can be a Relator. I have browsed the net to clear my doubt. Finally, I came across this page which helped to clear my doubt. Amsterdam vacation tours


about 4 weeks ago
Bronze
Neil Lubell
about 3 weeks ago
A good property manager will be a realtor (licensed real estate agent or broker) as well. Both fields are intertwined, but from a client point of view if you are looking to just rent your property a realtor can do the job, however if you are looking for full service oversight and someone to look after your property once it’s leased a property manager is essential.


Source:


Personal experience

about 3 weeks ago
Bronze
Bruce mcgreggor
about 1 day ago
If a landowner needs help taking care of the daily duties at their rental assets, he can hire a property supervisor. A property supervisor can be hired for one simple task, such as collecting rent or can be fully responsible for the services at the rental property. While a real estate agent is anyone who is allowed to assist people to purchase and retail commercial or household property.


Source:


Source College Life Network

about 1 day ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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