What Is a Property Manager and How Do I Become One?
What Does a Property Manager Do?
A real estate manager supervises commercial or residential real estate properties for an organization or business. As a property manager, you are responsible for supervising staff, performing administrative tasks, and monitoring daily expenses. Additionally, you may manage tenant issues and lease compliance. Many Realtor in Maple ridge managers at smaller companies take on additional responsibilities, such as conducting minor repairs and maintenance on their properties.
How to Become an Estate Administrator
Real estate managers typically require a bachelor's degree in business, real estate, or a related field in addition to on-the-job training. Some employers will hire candidates without a college degree if they have sufficient work experience. To instruct employees, interact with tenants, and report to upper management, you must also possess outstanding communication and interpersonal skills. In addition to computer skills and knowledge of local real estate laws, additional qualifications include professional certification.
Sample Real Estate Manager Job Description
This sample job description for a Real Estate Manager will give you a decent idea of what employers seek in candidates for this position. Keep in mind that every employer is unique and will have their own requirements when hiring for a Real Estate Manager position.
Resume summary
We seek a highly-motivated, well-organized, and seasoned Real Estate Manager to supervise our real estate portfolio and manage all aspects of our business. This position is accountable for evaluating, licensing, and maintaining properties, as well as creating and implementing strategies to maximize the company's real estate investments. The ideal candidate is a detail-oriented problem solver with exceptional communication and negotiation abilities.
Duties and Accountability
Manage and oversee all real estate operations, including leasing and tenant relations
Evaluate real estate opportunities and make recommendations
Negotiate and prepare lease paperwork
Monitor rental income, expenditure, and occupancy
Develop and implement strategies to maximize property investment returns.
Budgeting and financial recordkeeping
investigate and evaluate market trends
Prepare and present reports to management
Ensure adherence to applicable laws and regulations
Requirements and Requirements
Bachelor’s degree in real estate, finance, or related field
5+ years of experience in real estate management or related field preferred
Excellent communication, negotiation, and problem-solving skills
Strong knowledge of relevant laws and regulations
Proficient in MS Office
Able to multitask and prioritize effectively
Detail-oriented with excellent organizational skills
What does a real estate manager do?
A real estate manager looks after the operational aspects associated with managing properties. This will typically be working for a property management company, although you can also set yourself up as a self-employed real estate manager. In property management, you’ll negotiate contracts, supervise repairs and maintenance work, prepare financial statements and advise on price points or rental incomes.
