7 Ways to Limit Your Liability When Offering Rental Management Services – Part II

If you’re a real estate agent looking to broaden your business offerings, you may have considered adding corporate rentals and property management to your services. While doing so is a great way to diversify your business, and add a new level of income, there are business risks to taking on rentals. In this two part series, we’re offering tips you can employ to safeguard your brokerage business when adding rental management services. Tip #4:  Get Contracts You don’t want to enter the rental management business on a handshake. If you’re going to manage the corporate property, you’ll need a solid...

7 Ways to Limit Your Liability When Offering Rental Management Services – Part I

If you’re a real estate agent looking to broaden your business offerings, you may have considered adding corporate rentals and property management to your services. While doing so is a great way to diversify your business, and add a new level of income, there are business risks to taking on rentals. In this two part series, we’re offering tips you can employ to safeguard your brokerage business when adding rental management services. Tip #1: Keep It Separate If you’re going to add rental management to your brokerage’s offerings, you’ll want to set up a separate legal entity. This provides...