Define your target market
Choose your property management niche
Research local laws and licensing requirements
Register your business name and legal entity
Obtain required licenses and permits
Get business insurance
Open a business bank account
Set up accounting and bookkeeping systems
Create a business plan
Determine your pricing structure
Build service packages
Draft management contracts and agreements
Set up tenant screening procedures
Establish rent collection processes
Create maintenance and repair workflows
Build a vendor and contractor network
Choose property management software
Set up communication systems
Create marketing materials
Build a professional website
List your services on online platforms
Network with real estate agents and investors
Reach out to property owners
Develop onboarding procedures for new clients
Hire staff or assistants if needed
Set performance metrics and reporting systems
Stay compliant with fair housing and landlord-tenant laws
Review and improve operations regularly