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Property Management – Van Nuys – California Requirements for Property Managers

VAN NUYS PROPERTY MANAGEMENT

California Requirements for Property Management

Property management involves leasing, rent collection and building maintenance and repair. It is a highly regulated field in California. Laws that directly or indirectly touch on property management appear in 15 separate state government codes. Additionally, any property management business is subject to all laws affecting any business in California, such as those having to do with workplace safety, sexual harassment, insurance and taxation.

California requires property managers to have or work under someone who holds a real estate broker’s license. The only exception to this law is for property owners who manage their own buildings. The state Department of Real Estate (DRE) requires broker-applicants to document experience and/or educational training in the field and to pass a state licensing exam. Continuing educational requirements apply to all brokers. Brokers are subject to license suspension or revocation for failing to uphold laws relating to the management of property, as well as other real estate laws. Property managers are not required to hold any separate certification specific to property management, but many property managers do.

Excerpt from article by Mary Gallagher

Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.

The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.