Self Managing – do you need qualifications?

Self Managing – do you need qualifications?

9:12 AM, 18th December 2023, About 7 months ago 11

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What differentiates a letting agent from someone who self-manages?

I am not aware of a ‘legal qualification’ that Landlords who self-manage their properties are required to hold. I have been looking into the Managing Property and Residential Lettings Level 3 Award and Managing Property and Residential Lettings Level 3 Certificate wondering if there is anything to gain over years of experience or in spite of it?

Have any other self-managing Landlords completed either or both? I have been approached by a friend to act as his paid agent and run his BTL, no different from the way I run my own. If that means I am an agent – do I need to be registered in some way? Do I need to set up my own company first? Do I need to be under an ombudsman scheme?

Any input is welcome as I can’t find much out there to give the the clarity I need.

DSR


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9:56 AM, 23rd December 2023, About 7 months ago

Reply to the comment left by Tessa Shepperson at 23/12/2023 - 08:25
Tessa's site is excellent and gives a lot of information gratis. However to avoid pitfalls, I recommend joining

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