Property Manager
What's it like to be a Property Manager?
A Property Manager is tasked with overseeing and managing a property for an owner. They are trusted by property owners to look after their establishments, houses, buildings, and lots in order to preserve their value. Property Managers oversee daily operations of a property, which can range from arranging cleaning schedules, setting and collecting rent, and arranging repairs and maintenance.
Tasks and duties
- Overseeing properties for property owners.
- Managing properties to ensure their property value.
- Advertising vacant spaces for potential tenants.
- Preparing contracts to lease spaces to tenants.
- Establishing a working relationship with tenants.
- Inspecting tenant units to ensure that there is no damage to the property.
- Collecting rent from tenants.
- Preparing budgets and accounts for a property.
- Using payments to cover operating expenses.
- Developing annual budget forecasts.
- Managing property personnel and assigning them tasks.
- Reporting financial performance and daily operations to property owners.
- Keeping up to date on real estate trends and market value.
Property Managers can work in residential and commercial properties, and as such, their tasks may vary. Property Managers of residential establishments may advertise vacant apartments or condominiums for rent. Meanwhile, Property Managers of commercial establishments like offices, retail spaces, or storage facilities need to ensure tenants follow any regulations and may supervise any major renovations.
How to become a Property Manager
Although there is no formal path for Property Managers, they still require education and training in order to manage properties for property owners.
Pursue a degree in building services, facilities management, or any real estate-related course.
Complete an internship at an established organisation.
Get an entry-level job in real estate or property management.
Gain experience before applying for a Property Manager position.
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