Steps to entering the property management field

Written By Steps To Faculty Published July 28th, 2010

Are you looking for an exciting new career? Have you ever considered going into property management? If so, then read on because the following is a simple step by step instruction guide to get you stsrted. Property management has been deemed one of the top career choices by Money magazine and by the National Association of Realtors. Of course, like with any other profession it will take some dedication and hard work, but in the long run you will be in a solid field with room for vertical growth. Take a look.

Step 1 Be an on-site manager

There are three main levels of job titles for property managers. The first is an on-site manager, which is entry level and requires little to no experience. It is a good place to start if you want to get your feet wet. THe second level is that of an assistant property manager, which requires 3-4 years of experience. Assistant property managers look after several apartment buildings or a few commercial buildings. The last tier of a property manager’s career is that of senior property manager, which generally requires certification, a college degree, and seven years experience in the business. It is better to start small as an on-site manager for a commerical property fo small apartment building and remain in the position for at least three years to building credibility.

Step 2 Check your education

Although many smaller business may not require a formal bachelor’s degree for on-site property manager level positions, if you wish to advance to senior property manager orwork for a property management firm, then a bachelor’s degree will be necessary. Usually property manager do degrees in either business, property management, real estate, or construction management.

Step 3 Take some classes

The best way to prepapre while you are gaining experience is to take some primer classes through your local community college or online in property management. By engaging in the practicum of the subject, you will be more effective and more employable even in one year.

Step 4 Get certified

The Insititute of Real Estate Management offers the Certified Property Manager designation for any property manager interested in furthering their career. The rigorous program involves passing a series of examinations along with meeting education and experience requirements. If you successfully obtain the certification, your career prospects in the field blossom as you can qualify to be a senior property manager.

Step 5 Join an organization

Boost your credibility by joining a professional membership organization such as the Insitute of Real Estate Management (IREM.org) or the National Association of Property Managers.

Remember, everything requires some hard work. Please visit stepsto.com for more great business advice.


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