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Job boards and online career resources can expedite your job search. This will help you get to know them and they’ll most likely keep a look out if they hear of any new jobs.
#Real estate management salary how to
Get to know real estate agentsĪgents in your area will likely hear of openings in this niche first, so set up some informational interviews with agents around town introducing yourself and asking for tips on how to get into the business. You never know who will be in a position to hire you for a property management job until you start getting the word out there that you’re embarking on this new career.
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Let your friends and professional contacts know you’re pursuing a job in property management. Easier said than done? There are a few ways you can jump start your job search and find a property manager job that’s right for you.
Once you’ve obtained the proper certifications it’s time to get a job. Step 4: Get your first property manager job While it takes some time and effort, such credentials can definitely set you apart from other job applicants.įREE DOWNLOAD: The many hats you will wear as a real estate agent.
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For most certifications, you need to apply, complete specific education requirements, and pass a test or series of exams. You can also go after more specialized certifications, such as Certified Manager of Community Associations, Residential Management Professional (RMP®), Certified Property Manager (CPM), or Certified Apartment Manager (CAM). And that definitely opens up opportunities for you beyond just property management.
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Many property managers go on to obtain a real estate license-either a real estate broker’s license or a real estate salesperson’s license. Step 3: Obtain specialized certificationsĮven if you don’t need a license to manage properties in your jurisdiction, obtaining certifications is wise because it reveals to hiring companies, and potential clients, that you have a high level of commitment and professionalism. You may need to start off at an entry-level position, but once you learn the business, you can move up the ranks. Also, don’t underestimate the value of on-the-job training.
If going back to school isn’t an option, you can always invest in online courses to increase your knowledge and build your skills. Coursework in real estate development, real estate management, real estate finance, urban planning, affordable housing administration, property management, and housing for the elderly are especially sought after. Other companies seek out candidates with vocational real estate training or a real estate license. While a high-school diploma can be enough for some people to hire you, more and more companies want their property managers to have a bachelor’s degree in business administration, real estate, accounting, public administration, or finance.
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Looking for a career change? Download our FREE guide: Is a Real Estate Career Right for You? Step 2: Take real estate courses They also take additional classes such as an exam prep course to make sure they pass their real estate exam. Usually, real estate students don’t rely simply on their state’s requirements. You can also learn about all the recommended classes you’ll need here. The easiest way to look them up is to go to this page and select your state from the drop-down menu. The requirements for your real estate license also vary by state. That’s because a lot of the responsibilities of a property manager are similar to actions a real estate agent performs. You’ll notice that, for most states, you’re required to get your real estate license before you can become a property manager. Once you know what is expected in your state, you can start taking the steps to obtain the right licensing and ensure that you comply. To learn how to become a property manager in your area, check out this helpful guide that breaks down the requirements by state. It’s entirely up to you to know which laws and ground rules apply to you. For example, managers of government-subsidized public housing are usually required to obtain special certifications. Plus, there are different rules that apply depending on the properties you manage. The specific licensing requirements for becoming a property manager vary by state. And the Bureau of Labor Statistics projects that employment in the industry will grow 7% through 2028, so the need will continue to exist for the foreseeable future.ĭo a decent salary, steady employment, job security-and a strong desire to work with people-top your wish list when it comes to your next career? If so, follow these steps on how to become a property manager. If you’re looking to break into a new career, learning how to become a property manager could be the right move for you. People of all ages are choosing to rent over buying a house, so the need for reliable property managers is out there.