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Updated 4 months ago,
Benefits or pros/cons of becoming cert. real estate agent for Property Management
Hello!
My husband and I have 3 rentals all out of state that are managed by a PM. We are currently under contract for 2 duplexes very close to us in Florida and I plan on managing them myself. I do not have property management experience but am looking into courses. Through researching, I found that, in FL, I can manage self owned property. (Which these duplexes will be until an LLC is established) But I wonder if there are benefits to earning my real estate license?
Question: Should I pursue my real estate license? From a business stand point there may be some tax benefits to this? As well as a better ability to find properties?
Question: I will of course educate myself on PM, but how many professionals out there are "certified PM"?
Question: As a rental investor, do you look for large PM firms or individuals? Are they credentialed?
Question: Are there any investors turned real estate agents, living the "double life" and would recommend this? Would you not?
Long term goals - My husband and I have set a goal of 5 units per year. SF or MF. Current properties are in Dayton and Cleveland OH with 2 under contract in FL. I would be pursuing a real estate license +/- PM credentials in FL. Investing in rental real estate is a long term hold plan for us. Any thoughts are appreciated!