subject: A Career In Real Estate Property Management [print this page] Metro property management job involves dealing with different types of properties, which include offices, office complexes, community associations, condos and apartment buildings. For the right candidate it is surely a rewarding career in all respects. The primary function of the manager is to develop strategies for developing an investment in both commercial and real estate properties. They evaluate tax laws and zoning besides traffic patterns, demographics and property values.
It is their job to determine whether a particular property falls under all the criteria outlined by their clients and as such ideal for them. Discerning eye is a must in Metro property management job scenario. Negotiations regarding various facets of the contract to be drawn also fall under the job description of property manager. Also, the periodic review of forecast, business plans, budgets and leasing contracts have to be done. It is a multi-tasking profession which requires hard work and dedication at every turn.
Qualifications
A Bachelors or Masters degree in the subjects related to finance, business administration, real estate, accounting or public administration is required for getting a job as a property manager with various firms. The degree must be from an accredited college or university. Sometimes, some companies also look for an MBA degree in their considered candidates.
Skills required
A career in real estate property management requires computer skills that include proficiency in MS Excel. Candidates possessing an analytical and logical brain along with creative abilities can do hope to make a success in the field of real estate. Successful negotiation of contracts requires a deep study of the subject matter and particular situation along with strategic and organizational planning, excellent command over written and verbal communication and role-playing abilities. People who are fast in analyzing given data and good with numbers naturally shine in this field.
Property management training
Besides the required degree some additional on the job training for the property manager can prove to be beneficial in brushing up the skills and help develop effective communications. Professional associations, online courses and community colleges impart this kind of training to those interested. Sometimes companies where the property manager is employed themselves provide training in the management of property, its valuation, laws governing real estate, tenant relations and financial accounting. Entry-level positions with various companies can be bagged with little formal education. But, in order to increase the growth prospects, proper training later on in the related field maybe required.
Compensations
The compensations or the salary related to property management services depends upon the experience of the individual, the reputation of the firm where they work and personal USP.
Career potentials
With the real estate boom going on the world over, it is quite natural that the job opportunities for the real estate managers is increasing each and every day. For the deserving candidates with proper training and enthusiasm in this field, only the sky is the limit. Those people that have professional certifications have a better chance at bagging the best opportunities that are available out there.
