Real Estate 3

A friend of yours comes to you for advice. He wants to create a property management company to manage small real estate investor/landlords. He needs to be able to advise his clients on what their rights and obligations for rental properties in California. He plans to hire an assistant to run the day-to-day operations of the company because he has another full-time job. He has asked for your advice. In a one-page letter, explain the following to your friend:

What are the duties and responsibilities of a landlord?
What are 3 things that he should absolutely know about property management?
He wants his assistant to run this business. Is this a good idea or not?
Would the assistant need to be licensed? Why or why not?
What legal considerations would affect his company?
Please cite your sources to avoid plagiarism.