Do you want to become a property manager in Texas? We got you covered! This step-by-step guide will walk you through everything you need to know. The property management business is growing rapidly in Texas, and there is a lot of opportunity for entrepreneurs who are willing to put in the work.
In this guide, we will discuss the licensing requirements, the steps necessary to start your own business, and some of the best practices for property managers in Texas. So what are you waiting for? Let's get started!
How To Become A Property Manager In Texas?
Becoming a property manager is a great way to start or further your career in the real estate industry. Property managers are responsible for the daily operations of rental properties, including apartments, houses, condos, and commercial buildings.
If you're interested in becoming a property manager in Texas, this guide will walk you through the necessary steps.
Meet The Eligibility Requirement
The first step to becoming a property manager in Texas is to meet the eligibility requirements. To be eligible for a property management license in Texas, you must:
- Be at least 18 years old
- Have a high school diploma or equivalent
- Have a valid Social Security Number
- Must be a citizen of the United States or lawfully admitted alien
Complete the Property Management Pre-Licensing Course
To become a property manager in Texas, you must first complete the Property Management Pre-Licensing Course. This course is designed to give you the knowledge and skills you need to be a successful property manager.
The course covers topics such as property law, ethics, finance, and marketing. Once you've completed the course, you'll be eligible to take the property management licensing exam.
Get Licensed
After you've completed the pre-licensing course and passed the exam, you'll need to apply for a property management license from the Texas Real Estate Commission (TREC).
The application process is simple and can be done online. Once you've submitted your application, you'll be required to pay a licensing fee. The property management license is valid for two years and must be renewed every two years.
Pass A Background Check
In order to get your property management license, you'll need to pass a background check. The background check will be conducted by the Texas Department of Public Safety (DPS).
You'll need to submit your fingerprints as part of the process. The DPS will conduct a criminal history check and will also make sure that you don't have any outstanding warrants.
Obtain a property management license from the Texas Real Estate Commission (TREC)
After you've met all of the requirements and have passed the background check, you'll be issued a property management license from the TREC. This license will allow you to legally manage property in Texas.
Join the National Association of Residential Property Managers (NARPM)
Once you've obtained your property management license, you may want to consider joining the National Association of Residential Property Managers (NARPM). NARPM is a professional organization for property managers.
As a member, you'll have access to educational resources, networking opportunities, and discounts on property management products and services.
Get certified as a Residential Management Professional (RMP) or Certified Apartment Supplier (CAS)
While not required, you may want to consider getting certified as a Residential Management Professional (RMP) or Certified Apartment Supplier (CAS).
These certification programs are offered by the National Association of Residential Property Managers (NARPM) and the National Apartment Association (NAA), respectively.
To become certified, you'll need to meet certain eligibility requirements and pass an exam. The RMP certification is valid for three years, while the CAS certification is valid for two years.
Find A Job With A Property Management Company
Once you've met all of the requirements and have obtained your property management license, you'll need to find a job with a property management company.
There are many property management companies in Texas that are always looking for qualified candidates. You can search for property management jobs on websites like Indeed.com or Craigslist.
Start Your Own Business
Now that you have your property management license, it's time to start your own business. The first step is to choose the type of business you want to start. There are many different types of property management businesses, so it's important to do your research and select the one that's right for you.
Once you've decided on the type of business you want to start, you'll need to obtain the necessary permits and licenses. You'll also need to create a business plan and register your business with the state of Texas.
Becoming a property manager in Texas is a great way to start your career in the ever-growing real estate industry. With a little hard work and dedication, you can obtain your license and find a job with a reputable company in no time. So what are you waiting for? Start your journey today!
Frequently Asked Questions About Becoming A Property Manager In Texas
If you're thinking about becoming a property manager in Texas, you probably have a lot of questions. Here are some of the most frequently asked questions about becoming a property manager in Texas, along with some helpful answers.
How much does it cost to become a property manager in Texas?
If you're considering a career in property management, you may be wondering how much it will cost to get started. The good news is that the costs of becoming a property manager in Texas are relatively low. The cost to become a property manager in Texas is about $830.
- Pre-licensing courses with exam preparation - ~$520
- Examination fee - $54
- Background Check - ~$30
- Application Fee - $225
How long does it take to become a property manager in Texas?
Becoming a property manager in Texas is not easy. It can take anywhere from four to six months, but it all depends on how quickly you want the license and whether or not there are any other barriers that come up along your journey.
It also depends on how long it takes you to complete the required 180 hours of pre-licensing course as well as pass the exam and background check. You're also required to get sponsorship from an actively licensed Texas real estate broker.
What are the duties of a property manager in Texas?
As a property manager in Texas, you will be responsible for overseeing the day-to-day operations of rental properties. This includes tasks like marketing vacant units, screening tenants, collecting rent, maintaining the property, and handling repairs and maintenance issues.
How much do property managers make in Texas?
Property managers in Texas typically earn between $80,000 and $100,000 per year. However, your exact salary will depend on factors like your experience, education, and the size and location of the properties you manage.
Final Thoughts
If you’re thinking of breaking into the property management business in Texas, this guide provides a great starting point. With some research and planning, you can be on your way to becoming a successful property manager.
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Good luck!
