1. Choose a business name and register your company.
This is an important step, and you will need to choose a name that is both catchy and practical. You will also need to register your company with the appropriate authorities.
2. Set up your accounting system.
This is critical for any business, and you will need to track your expenses and income closely. There are many different accounting programs available, so find one that suits your needs.
3. Get liability insurance.
This is important to protect yourself from any potential lawsuits.
4. Draft a lease or purchase agreement.
This will outline the terms of the rental or purchase agreement between you and the tenant or buyer.
5. Create a tenant screening process.
This will help you to screen potential tenants and make sure that you are only leasing to qualified individuals.
6. Invest in marketing.
In order to attract new tenants, you will need to invest in some marketing materials. This could include website design, print advertising, or SEO services.
7. Obtain licenses and permits.
Make sure that you are aware of any licenses or permits that are required for your business. You may need to contact your local municipality for more information.
8. Set up your office space.
You will need a place to operate your business from, so make sure you have a designated office space set up.
9. Purchase office equipment.
You will need some basic office equipment, such as a computer, printer, and phone system.
10. Hire employees.
Once your business is up and running, you will need to start hiring employees to help with day-to-day operations.