My buddy Lisa runs his own condo management business, and he is super successful at it, however he has been in condo management for over 10 years now, and a couple years ago, I lost my task in the healthcare field because I was hesitant in getting vaccinated, losing my task was a life altering scenario for me.
During that time, Lisa was in need of a condo employer and provided the task to me! I explained to his that I had no experience in condo management, but he insisted that I would be good in the role.
She explained that I needed to learn the tenant and condo owner laws for the state that we live in. In addition, I would be in charge of collecting yearly rent and making sure that all repair concerns were resolved. Moreover, I would be responsible for securing the leases and managing the budget and expenses for the property. Although that seemed straight-forward enough, I was concerned that I didn’t have a real estate license! When I voiced my concerns to her, I was shocked when he told me that no license was needed to become a condo employer in our state. All that was required was a middle school diploma and some experience with condo management. Lisa explained that some states require a condo employer to have a real estate license, however our state was not one of them. Well needless to say, I accepted the position as a condo employer, and I have been doing it ever since. And the best part is, I enjoy it more than my former task in the healthcare industry.