Required Licenses

Required Licenses

• Real Estate License: Must complete required coursework and pass the state exam to operate legally in the rental property market.
• Business License: Registration with the local government to operate a business, including a rental property turnover service.
• Home Improvement Contractor License: Required if performing any renovation or repair work as part of the turnover process.

Insurance Requirements

• General Liability Insurance: Coverage for bodily injury, property damage, and personal injury claims that may arise during property turnover activities.
• Workers' Compensation Insurance: Mandatory insurance that covers medical costs and disability benefits for employees injured on the job.
• Professional Liability Insurance: Protects against claims of negligence or inadequate work, especially if providing advisory services.

Training Certifications

• Property Management Certification: Completion of a recognized program that covers property management best practices, including turnover processes.
• OSHA Safety Training: Certification in workplace safety standards to ensure compliance during property turnover.
• Lead Safety Certification: Required for properties built before 1978 to ensure safe handling of lead-based paint during renovations.

Local Business Permits

• Zoning Permit: Verification that the business complies with local zoning laws for operating a rental property turnover service.
• Health Department Permit: Required if any services involve sanitation or health-related work (e.g., cleaning).
• Building Permit: Necessary if structural changes or significant renovations are involved in the property turnover process.

Please note that the specific names and requirements for licenses, insurance, training, and permits may vary by location. Be sure to consult local regulations and industry standards for the most accurate and current information.