What does it take to become a freelance rental property manager in Florida?
hi! I want to become a freelance leasing property manager on the Florida panhandle. Basically I will rent peoples’ condos and beach houses out for them, make sure they are clean, and arrange maintenance and equipment like that.
Does anyone know:
How/what percentage I get paid (ie 10% of the leasing rate or cleaning fees, etc)?
Do I need any additional certificates (I have a BA in Bus Admin/Marketing)?
What laws go along with this?
Will the renter pay me directly then I pay the title-holder or vice-versa?
ANY INFO OR HELP WILL BE GREATLY APPRECIATED!
THANK YOU!
In Florida you need to have at least a sales frequent license to rent out property for a year or more unless it is your own property. You cannot operate as a sales frequent without being employed by a broker and cannot be paid by anyone but the broker. I’m not sure what the standard fee split between a property manager and broker is but that is always negotiable. I recommend you get your sales frequent license and then speak with a few brokers in the area and see if any specialize in rentals. Sorry to rain on your parade but I reckon you will experience similar situations in other states.