Have you ever contemplated becoming a property manager in Orlando? Many people would like to start their own business, and this may be an excellent way to make that happen. But what exactly is a property manager?
A property manager is responsible for the day-to-day management of residential and commercial properties. To become a property manager, an individual must acquire the necessary education and experience, followed by the required licensure. However, this process differs from state to state, because property management laws vary.
Steps to Becoming a Florida Property Manager
Florida is an excellent place to begin your career as a property manager. Many universities offer online courses for students who live outside Florida. The following section will provide you with the steps you should take if you want to become a property manager in Orlando.
Step 1: Meet the Eligibility Requirements
The first crucial step to becoming a property manager is to meet the eligibility requirements. These eligibility requirements focus on acquiring the necessary education and experience to obtain a property management license Florida. First, you will have to be at least 18 years old to start the journey of becoming a licensed property manager.
These requirements will enable you to access online property management courses, which will ultimately help you obtain property management certification in Florida to become a property manager.
Step 2: Completing the Required Coursework
Property management classes in Orlando are the next vital step in becoming a property manager. These courses will not only help you gain the knowledge you need to become a property manager, but also provide you with what you need to obtain property management certification in Florida. As such, to become a property manager, you must complete your property management training and education.
First and foremost, you must successfully finish the associate pre-licensing real estate course in sales, which must be approved by the Florida Real Estate Commission (FREC).
This course is intended to give you knowledge of real estate law and provides you with the essentials of sales. There are also other classes available for you to choose from, provided you complete the set hours assigned to each course, which should be a minimum of 63 hours.
Step 3: Send Your Digital Fingerprints
The next step in the process of becoming a property manager is to submit your digital fingerprints. This part of the process is essential for various reasons. First, it shows that you are committed to becoming a property manager; second, it gives FREC access to your records, enabling them to approve your license application.
In addition, it also serves as one of the requirements for you to pass a criminal background check.
Look for an approved FREC digital printing site from which you can print your fingerprint. You should then schedule a visit to submit your digital fingerprints and ensure you pay the required fee.
Step 4: Finish the Application Process
Once you have completed the required coursework and sent in your digital prints, you should consider submitting your property management license application.
A license application can take some time to complete, but it is crucial so that you can operate your business as a property manager. It should include the required documents and Florida property manager license requirements such as name, your age, whether you have any pending lawsuits, etc.
Once you have completed your application, you need to ensure that you send it to the FREC along with the required fees. Individuals can complete this vital process online, or they can print the application and send it via mail. Whichever method you choose, the process is the same.
Step 5: Passing the Required Examination
The next step in becoming a property manager is to pass the exam; you must pass the exam to obtain your property management license. However, this is not as tough as you think, because the exams are easy and primarily based on the core content material you have learned during your coursework. Therefore, studying will make all the difference in clearing the exam.
An important note to aspiring property managers is that they must pass this exam with a score of 75% or above. This is because assessors set the exams to test the candidate’s knowledge of property management. As such, they should be able to prove that they can provide the best service to their clients.
Step 6: Obtaining Your Property Manager License
After passing the exam, it is time to obtain your property manager license and start operating as a property manager. You must receive your Florida property manager’s license from the FREC and present it to any potential clients.
For individuals who want to become a real estate agent instead of a property manager, obtaining an agent’s license is the next step after becoming a property manager. In doing so, you will be able to assist in real estate transactions while at the same time making a solid income.
You must be able to meet the requirements so that you can receive your real estate agent license.
FAQs About Becoming a Property Manager in Orlando
Some common questions arise when contemplating how to become a property manager in Orlando. The most important questions include how long it takes to become a property manager, how much money it takes to be a property manager, and many more. This section will discuss the 5 most frequently asked questions to answer your concerns.
How Long Does It Take to Become a Florida Property Manager?
This means how long it takes for property managers to obtain a license and start their property management careers. The quickest way to become a property manager is by completing the associate pre-licensing or sales course to be competitive in the market. It takes approximately two years to become a Florida property manager.
How Much Does It Cost to Become an Orlando Property Manager?
For individuals considering becoming property managers, you should know the cost of becoming a property manager in Orlando, as it will influence your decision whether to pursue a career as a property manager.
The cost of a property management license is $300 to $500. However, education requirements range from anywhere between $250 and $5000. This cost will depend on the length and quality of your course.
How Much Money Do Florida Property Managers Make?
This is another common question that individuals ask when thinking about a career as a property manager. The income of a property manager depends on how many clients you can attract and service. For example, the average wage for property managers in Orlando is $46,000 annually.
However, these earnings will depend on how you market your business to attract potential customers and clients. Therefore, you must understand your earning potential before making a career decision.
Can I Be a Property Manager Without a License in Florida?
This is impossible if you are considering becoming a property manager. Under Florida law, it is illegal to be an unlicensed property manager. You will suffer severe ramifications – penalties include fines, suspension, and imprisonment.
Furthermore, nobody will hire you to manage their properties if you lack a license as a property manager. Therefore, ensure that you have a license before you start your career as a property manager.
Do Property Managers Need a Real Estate License in Florida?
This is another common question regarding becoming a property manager in Florida. The answer is yes, you need a real estate license. This is because the real estate industry heavily influences property management in Florida.
As such, you need a real estate license to work as a property manager in Florida.
Summary of How to Become a Property Manager in Orlando
Becoming a property manager in Florida is an exciting career many may want to consider. The prospect of managing properties and making money is attractive to most people. However, it is vital that before you begin your property management career, you should carefully consider what types of property management opportunities exist.
The best way to become a property manager is by obtaining your Florida property manager’s license. You must also ensure you have the right skills and qualifications to become a successful property manager in Florida. With the knowledge of what it takes to be a successful property manager, you can make the right choice for your career.