Self Managing – do you need qualifications?
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
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
EPCs, COP28, and beyond: ihowz’s proposes energy plan for landlordsNext Article
Freeholder not providing LPE1 Form for sale?
Member Since July 2013 - Comments: 1266 - Articles: 1
9:56 AM, 23rd December 2023, About 2 years 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