What is needed to start my own Short-term Rental property management company?

Sylver10
Level 1
Atlanta, GA

What is needed to start my own Short-term Rental property management company?

Hi guys,

Im new to the BNB world and have some questions for those who might be able to help me out. I have been running my own Airbnb listing and have found some success in doing so. I feel comfortable being able to help someone else manage their property. I currently reside in Atlanta, Ga. My question is: What license is required to become a STR Property Manager? If license is required, would I need to work for a real estate company or work under a broker? I currently already have a business LLC for my company but I only manage my own property. Thank you

1 Reply 1
Lorna170
Level 10
Swannanoa, NC

@Sylver10   After doing a quick review on the internet on Georgia property law, it appears that you would have to be licensed before you could manage a property for someone else.   You may be able to act as a Co-host without needing the licensure.

 

From the web:

 

The state of Georgia requires a real estate license in order to be involved in renting and leasing property, except in certain very limited circumstances.  The requirements to get the license in the State of Georgia are:

 

Age: Must be at least 18 years old. However, applicants may take the examination at age 17 (license cannot be activated until 18 years old).
High School: Must be a high school graduate or equivalent.
Education: Must successfully complete 75-hour Salesperson Pre-License Course (or equivalent). In addition, salespersons must take a 25-hour, Post-License Course during their first year of being licensed.
Experience: There is no experience requirement.
Exam: Must pass the Salesperson's exam. The exam fee is $97. You must apply for the salespersons license within 12 months of taking the exam.
Fees: If applying for the salesperson's license within three months of taking the exam, the fee is $170. If applying between 3-12 months of taking the exam, the fee is $340.