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Rainmaker
4,223,498
Richard Weeks
Dallas, TX
REALTOR®, Broker

Both full of problems and potential lawsuits.

Nov 09, 2015 09:47 PM
Rainmaker
212,705
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Richard Weeks nailed it, both are full of problems and potential lawsuits. Only upside to commercial is when you have a big strip mall or something and can get tenants like Whole Foods or Costco you most likely have a tenant that pays on time and signed a 30-50 year lease. Long term tenants.

Nov 10, 2015 12:28 AM
Ambassador
5,613,338
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Pays to know what you are doing with both.

Feb 01, 2019 11:55 PM
Rainmaker
611,619
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Jason,
You have gotten good answers here. For the life of me I don’t know why anyone wants to any type of property management.

Nov 10, 2015 05:01 AM
Rainmaker
924,040
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Transition in which direction? They are very different, no matter. It also depends on the state laws. Also, in commercial, a big difference is the depth of the pockets, and the legal lengths a tenant would go to over a multi-million dollar lease, as opposed to a few-hundred-a-month residential lease. I love to read the recent cases via Plain Vanilla Shell  .

I would not undertake EITHER without an experienced broker/mentor. It's where your license is most vulnerable.

Nov 10, 2015 03:39 AM
Rainmaker
4,799,651
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This is a topic you should being up with your broker or instructor.

Nov 10, 2015 03:01 AM
Ambassador
1,831,408
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

There are similarities.  They both involved people and they both involve properties on planet Earth.  Otherwise, they are diametrically different.    It's a matter of learning one or the other... or both.  

Nov 10, 2015 12:26 AM
Rainmaker
3,070,584
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Similarity - we don't do either.

Nov 10, 2015 12:01 AM
Rainmaker
5,573,163
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

just instinctively, I would expect it to have some differences, but I doubt if it's Rocket Science to make that transition....

Nov 09, 2015 11:34 PM
Ambassador
1,598,436
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I think Richard Weeks has this one right. 

Nov 09, 2015 10:11 PM
Rainmaker
1,708,135
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Very different and not a smooth transition.

Nov 09, 2015 09:32 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I am not a commercial agent. It is important for you to work with a broker who does commercial real estate before getting into management so you will know how it works.

Nov 09, 2015 08:51 PM
Rainmaker
4,416,459
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not in my humble opinion. There are nuances in each sector!

Nov 09, 2015 07:36 PM