The licensing requirements for property managers differ from state to state. Many states require that the property manager be a licensed real estate broker; others call for property management certification. Still, others will accept either, and some states require nothing at all.
Regardless of whether your state demands a property management certification or not, having a certification places you among the elite in the industry. Holding the certificate puts you, your talent, and your skill on display; it allows you to become the center of attention in a large cast.
When dealing with the property of others, you are in a position of trust. The owner expects you to attend to their properties and provide them with the opportunity of a maximum return on the investment. To accomplish this, the property manager must be up-to-date on all the demands of proper caretaking, maintenance, and reporting. There are many things to care for: utilities, sewage systems, landscaping, and building upkeep to name a few. To do the job properly requires considerable specialist knowledge. The job requires an individual who has gained their property management certification and who has proven they remain up-to-date with the ever-changing rules, regulations, and laws that affect tenant/landlord relations.
To get certified, the individual must meet very stringent requirements in the areas of education, management planning, ethics, and experience.
These demands are difficult to come up with when you start your business from scratch. Property management is currently one of the fastest-growing industries in the country, and for you to take full advantage of the growth, you must get up to speed as quickly as possible. To accomplish this, taking a franchise from a well-established property management company may prove very beneficial.
A franchisee has gained all the knowledge that is necessary to ensure success in the business. You must bring with you the drive, the entrepreneurial spirit, and the tenacity to succeed. All of the most finely tuned operation’s manuals in the world will be of little use if you do not put a maximum effort into being successful.
With the economy being as poor as it is and with many properties being foreclosed, it provides a window of opportunity for investors to acquire real estate for their portfolios. Furthermore, the families that have been displaced when their homes were foreclosed now have to move into rental properties.
Right now is the time to consider franchising. By taking advantage of the operational experience of a national recognized leader in property management, you can get in on a recession proof industry, one which has shown consistency and long-term stability.
With property management certification, you can stand head and shoulders above the crowd. A combination of the certification and a franchise from Real Property Management puts you on the fast track to success.