How to Become a Property Manager in 2022

When people think of jobs in the real estate industry, the first one that may come to mind is being a real estate agent or broker. However, property management is still within the same field and offers its own unique rewards and challenges. While real estate agents help people buy and sell properties, property managers focus on managing properties for owners and tenants.

So, if you're looking for a career in real estate that's hands-on and full of opportunities, becoming a property manager might just be the perfect fit for you. In this blog, we'll break down everything you need to know to get started on your journey towards becoming a successful property manager in 2025.

WHAT IS A PROPERTY MANAGER?

Property management is one of the many specializations in the world of real estate. A property manager is responsible for overseeing and managing rental properties on behalf of property owners. Their duties include tenant screening, rent collection, property maintenance, handling tenant complaints, and ensuring compliance with local laws and regulations. Property managers play a crucial role in maximizing the profitability and efficiency of rental properties.

WHY CHOOSE A PROPERTY MANAGEMENT CAREER?

Working in property management can be incredibly rewarding. Here are a few reasons why you might consider becoming a property manager:

• Job Stability: With the increasing demand for rental properties, property managers are in high demand, ensuring job stability.
• Diverse Responsibilities: The role of a property manager is diverse and includes a mix of administrative, financial, and interpersonal tasks.
• Growth Opportunities: Property management offers numerous opportunities for career advancement and specialization.
• Flexibility: Many property management jobs offer flexible schedules, allowing for a better work-life balance.

STEPS TO BECOME A PROPERTY MANAGER

If you're considering a career in property management, follow these steps to get started:

1. OBTAIN A HIGH SCHOOL DIPLOMA OR GED

The first step in becoming a property manager is to complete your high school education or obtain a GED. This is the minimum educational requirement for most entry-level property management positions.

2. PURSUE A HIGHER EDUCATION

While not always required, pursuing higher education can significantly enhance your prospects in the property management profession. Degrees in business administration, real estate, or finance are particularly relevant. These programs provide valuable knowledge in areas such as accounting, finance, marketing, and real estate law.

3. GAIN RELEVANT EXPERIENCE

Experience is crucial in the property management field. Many property managers start their careers in entry-level positions, such as leasing agents, administrative assistants, or maintenance workers. These roles provide valuable hands-on experience and help you develop a solid understanding of the property management industry.

4. OBTAIN CERTIFICATION

Although not always mandatory, obtaining a certification can boost your credibility and enhance your career prospects. Several organizations offer property management certifications, including:

• Institute of Real Estate Management (IREM): Offers the Certified Property Manager (CPM) designation.
• National Association of Residential Property Managers (NARPM): Offers the Residential Management Professional (RMP) and Master Property Manager (MPM) designations.
• National Apartment Association (NAA): Offers the Certified Apartment Manager (CAM) designation.

5. GET YOUR REAL ESTATE LICENSE

In some states, property managers are required to hold a real estate license. The requirements for obtaining a real estate license vary by state but typically involve completing a pre-licensing course, passing a state exam, and fulfilling continuing education requirements. Be sure to check your state's specific requirements before starting your journey.

6. DEVELOP HELPFUL SKILLS

Successful property managers possess a combination of technical and interpersonal skills. Key skills include:

• Communication: Effective communication with tenants, property owners, and maintenance staff is crucial.
• Organization: Property managers must be highly organized to handle multiple tasks and responsibilities.
• Problem-Solving: You should know how to address and resolve tenant issues quickly.
• Financial Acumen: Understanding financial statements, budgeting, and rent collection processes is important for managing the financial aspects of properties.

7. APPLY FOR PROPERTY MANAGEMENT POSITIONS

Once you have the necessary education, experience, and certifications, it's time to start applying for property management positions. Tailor your resume to highlight your relevant skills and experience. Networking with professionals in the industry and joining property management associations can also help you find job opportunities.

PROPERTY MANAGEMENT JOB REQUIREMENTS

To succeed in the property management profession, you need to meet certain job requirements. These typically include:

• Education: A high school diploma or GED is the minimum requirement, but higher education is often preferred.
• Experience: Relevant work experience in real estate, customer service, or administration is highly beneficial.
• Certifications: While not always required, certifications can enhance your qualifications and job prospects.
• Licensing: Some states require property managers to hold a real estate license.
• Skills: Strong communication, organizational, problem-solving, and financial skills can help you in your property management career.

BENEFITS OF A PROPERTY MANAGEMENT CAREER

A property management career offers numerous benefits, including:

• Competitive Salary: Property managers can earn a competitive salary, with potential for bonuses and commissions.
• Job Satisfaction: Helping tenants find homes and ensuring properties are well-maintained can be highly rewarding.
• Career Growth: The property management profession offers ample opportunities for advancement and specialization.
• Flexibility: Many property management jobs offer flexible schedules, allowing for a better work-life balance.

TAKE THE FIRST STEP WITH AGENT CAMPUS

Becoming a property manager in 2025 is a promising career choice with plenty of opportunities for growth and success. By following the steps outlined in this guide, getting the necessary education, gaining relevant experience, obtaining certifications, and developing helpful skills, you can position yourself for a successful career in the property management field.

If you're ready to take the next step in your property management journey, consider enrolling in our comprehensive online property management course to teach you the basics of your new career. Visit our website to view our full catalog of real estate courses today!