If you’ve been thinking about careers lately and have stumbled across a career as a property manager, you’ll be pleased to know that this is a great career for the right person. There are some disadvantages of the position, but the severity of these will depend largely on your attitude and your personal preferences and skills.

What exactly does a property manager do?

A property manager will typically manage a portfolio of properties usually within a specific area not too far from each other. A community manager is responsible for almost everything that happens in connection with the rental of the property. He or she will not only find and qualify new tenants for properties that have just been added to their portfolio, but will also carry out a number of different tasks, such as:

• Monitor statistics and analysis of the properties that are under management.
• Supervise the maintenance of the properties.
• Help tenants move.
• Collection of unpaid rent or other expenses when necessary.

The benefits

As you can see, the role of a property manager really is quite rewarding and if this is something you think you might enjoy doing then you should certainly give it a try. Although being a property manager can be stressful and demanding at times, there are definitely a wide range of benefits that you will be able to take advantage of.

First of all, property managers are paid very well. On average, you can expect to earn between $45,000 and $60,000 per year; Obviously this will vary quite a bit depending on your experience and the number of properties currently in your portfolio.

You’ll also gain the joy of dealing with people on a day-to-day basis, you’ll need to communicate effectively and efficiently with others in your company, and you may even need to display leadership qualities at times. You will be required to find and qualify new tenants, so if you are a social person and like to meet new people, this would be an ideal position for you.

Requirements

Property managers must be licensed by the state, but this varies from state to state, so this may not be the case for you. However, if you are looking for a job as a property manager, many employers will look for a college degree in Business Administration or a similar field.

You will also need certain skills related to the tasks you will be performing throughout the day. Some examples would be good people skills, negotiation skills, working well in a team, time management skills, ability to motivate, and similar traits.