Property Management Jobs if You Have Little or No Experience
If you are new to this job, working as an on-site property manager is a wonderful way to get your foot in the door. Most times, you can get this type of position even without prior property management experience.
On-site managers may work in a number of settings, including a multi-unit residential building or complexes, an office building, or a shopping centrer. Property manager jobs for on-site managers may be offered directly by the entity that owns and leases the property, or through a third party property management firm.
On-site managers often live on the property, in the case of residential units, and sometimes the compensation includes free or discounted rent. Not all on-site property managers work in residential units or live on the property.
On-site managers take care of the daily tasks of managing a rental property, including building maintenance, collecting rents, and dealing with tenants. Compensation varies widely from one job to the next, and some employers are willing to provide education and training for those new to property management.
How You Can Move up to Become An Assistant Property Manager
Once you have gained a few years of experience, most likely as an on-site manager, you can generally move on to the position of an assistant property manager. If you have at least a college education in a related field and formal property management training, you will probably start off at this level as well.
An assistant property manager is typically responsible for more than one property. Some examples of rental properties managed in this role include home rentals and small to mid sized office buildings. You will also be involved with more people such as multiple tenants, supervisors, property owners and service providers.
Organizational skills and attention to detail are also a must for this postion, as you have to keep tabs on multiple properties at the same time. You are expected to keep track of tenant and property information with standard office software such as word processing and spreadsheet software.
Getting Yourself Promoted to Senior Property Management Jobs
To land senior property management jobs, you will generally need to have at least five years of experience. Senior property managers have to deal with a few dozen small rental properties all the way up to a couple of hundred, or they may oversee a smaller number of larger multi-unit rentals.
This position involves less one on one contact with tenants and maintenance personnel, since you will have mid-level and on-site managers who are in charge for dealing with these issues. Instead you will be responsible for maximizing the profit potential of your rental units and dealing with broader issues like planning, marketing and compliance.
The most senior positions for property management jobs usually require more than eight years of experience. A CPM (Certified Property Manager) certification can also help you reach your career goals more quickly.
As with any career, working your way up with property management jobs takes time. At the end of day, there is nothing more important than making the effort to chalk up your education, training and experience as a property manager.
Teo_Zhenjie
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