Property Management Careers Information
Are you the kind of person who likes working with your hands? Does the thought of spending your entire work day trapped behind a desk make you shudder? Then property management may just be for you.
Property Management Careers & Degrees
Every property, residential and commercial alike, needs to be maintained, and that’s where the property manager comes in. Depending on the size of the property management company and the properties under their care, a property manager may actually conduct physical maintenance and upkeep personally, or may coordinate teams of workers.
Property managers also act as liaisons between property owners and tenants. That often means the property manager is the first person to hear any complaints about the buildings. The upside, however, is that there is a great deal of variety from day to day.
This also means that perhaps the most crucial talent for a property manager, even beyond an understanding of the physical properties of structures, are people skills. The property manager must be able to keep cool when dealing with a wide range of people bringing a wide range of problems.
Property Management Careers Path
Most property management positions require a bachelor’s degree, though formal requirements may vary from firm to firm. Experience or coursework in accounting, mathematics, organizational management, or public relations are often helpful.
Property managers working in the public sector, as well as many commercial settings, must often be certified, depending on local regulations.
Property Management Careers: Compatible Personality Traits
Excellent people skills, good quantitative and analytical abilities, energetic, able to multitask and operate within stressful situations, resourcefulness and creativity, understanding of building repair and maintenance
Property Manager Interview
To learn about a normal day of a property management career, Read More from a Property Manager…
Property Management Careers: Salary Expectations
The salary of a property manager will vary widely depending on location, experience as well as the type and number of properties being managed. Most property managers earn between $65,000 and $93,000 per year.
Property Management Careers: Job Outlook
Growth in the job market for property management is expected to be about on par with the national average for the next few years. Employment is expected to rise by slightly under 8% by 2018.
Though property management, to some extent, is subject to the same fluctuations that affect the real estate market overall, there is greater security than most positions in that people need places to live and work, and those places need upkeep, regardless of the state of the economy.
Property Management Associations and Resources
Slightly off the Footpath
Sources: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Psychologists, on the Internet at http://bls.gov/oco/ocos022.htm (visited November 9, 2011); salary.com
