Any other professions like PM that a GC should consider? Looking for my next step.

I am 43 and PM my own (2) commercial retail properties. I getting my RE license now (Broker's in 2 year's when I qualify) as I have been asked to help broker/clients with their properties. With my construction knowledge and B license (for 18 years) and now getting RE license, it seem that being a independent PM is the next step. Any other positions/ideas out there.
In Property Management - Asked by Jon K. - Mar 30, 2010
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Answer(s)

Chuck T.
Broker/Agent
Coeur d'Alene, ID

Consider a CCIM designation and membership along the way

Mar 31, 2010
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Gary T.
Broker/Agent
Tempe, AZ

While doing your own PM I'm sure you've learned alot. What people don't realize is all the laws that they may be violating. Use tax, business licenses for each landlord (Yearly), privilage taxes, etc. Each city/county/state/etc. is different. Make sure you talk to your cities to make sure you are covered for all licenses, taxes, etc.. Also, put things in your owners or tenants names. Otherwise, you sign up for contracts (Elevators, roof, etc) that may be of no use due to a sale and such.

Apr 1, 2010
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Gary T.
Broker/Agent
Tempe, AZ

Also, CCIM is great for a Real Estate agent. It's courses are the best around. The only thing it doesn't really cover is property management. Check with your local commercial schools and ask if they have a PM Class.

Apr 1, 2010
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Commercial A.
Appraiser
Los Angeles, CA

The Institute of Real Estate Management (IREM) has been the source for education, resources, information, and membership for real estate management professionals for more than 75 years. An affiliate of the National Association of Realtors®, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. With 80 U.S. chapters, 12 international chapters, and several other partnerships around the globe, IREM is an international organization that also serves as an advocate on issues affecting the real estate management industry.
Membership includes more than 18,000 individual members and 515 corporate members. IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager (CPM) designation, the Accredited Residential Manager (ARM) certification, the Accredited Commercial Manager (ACOM) certification, and the Accredited Management Organization (AMO) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management. In addition, IREM offers Associate, Student, and Academic memberships.
Collectively, IREM CPM Members in the United States manage over $1.5 trillion in real estate assets, including 8.4 million residential units and 8.4 billion net square feet of commercial space. An additional 977,400 residential units are managed by IREM ARM Members. IREM Members are employed by some of the most prestigious real estate firms in the world and nearly 70% hold upper-level management positions. Due to their professionalism and vast experience, property owners and investors worldwide continually seek out the management services of IREM Members.
To learn more about the Institute of Real Estate Management and its chapter network, call (800) 837-0706, Ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.

Apr 2, 2010
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Brad L. K.
Broker/Agent
Columbus, OH

If you are a good a building out tenant spaces in commercial buildings, you could network with other property managers and commercial realtors and they could keep you very busy, and you would learn a lot about the market and the different buildings. As a commercial real estate broker, building owner and property manager, when I find a couple of good contractors that I can count on to be on time, on budget and fix any issues, I use them consistently. These relationships may also help lead you to your next step in the business. Additionally, with your construction background, you could pitch your property management and construction services to banks and receivers who need people to secure the properties that they are taking over.

Apr 3, 2010
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Dale O.
Owner/Investor
Spanaway, WA

Join a local real estate investment group to network with. They will help provide you with law changes, updates, ets. Who knows, you may even be able to get a few deals in the process.

Oct 7, 2010
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