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Property Management licensed or bonded?
Asked May 13, 2008, 04:48 PM
I have two questions that I hope someone can help with.
I am thinking of starting a property management company in California and I don't know exactly what licenses are required. From my understanding, you either have to be a Certified Property Manager OR a Real Estate Broker. While I am neither, I have a partner who is a licensed broker that wants to partner with me and start the management company. By having one of the two principal owners licensed, does that make us (as in both owners) a legitimate company?
What type of insurance do I need to get? There are currently no employees. Just us two.
Any help would be greatly appreciated!