Should I become a Certified ​Property manager??

[Cayden Williams]

I recently made my first purchase on a home less than two months ago and I am currently working to convert the add-on to a third bedroom in preparation for renting next August.  I am not sure how I should handle my first rental property whether I should manage the property myself or hand it off to a property management company around me.  If I do it myself should I become a "Certified Property Manager" or skip that step?  I really appreciate the help and any feedback.

[Ashley St. Gelais]

@Cayden Williams

Hey Cayden,

Welcome to BP!

We own properties and a property management company. We do handle a few properties where we manage a unit attached to the owners residence.  We've found it to be difficult for the tenant to understand who they should talk too when the owner is right next store.

I think this is a great opportunity to get your feet wet with management.  Just be sure you understand your local tenant landlord laws/requirements.

If you do self-manage I do not think it is worth it to become a 'Certified Property Manager'. I love education and all - but you can learn all you need to know on your own without shoveling out a ton of cash to get certified.

Just remember to treat everyone as you'd want to be treated and take good care of the property.

Let me know if I can do anything else to assist!

A