The Dos and Don’t s of Being A Great Property Manager

May 8, 2018 by

Property management can be a great career for those who are interested in real estate, management and who love working with people. As with any career, there are dos and don’ts. Here’s what to do and what not to do in order to become and be a successful property manager.

Do: Ensure That You Have The Right Credentials

Different areas require different credentials and licenses for property managers. However, even if your region doesn’t require any specific license, obtaining your community association management license might still be a good idea. This licensing program ensures that you understand the laws and protocol associated with property and community management.

Don’t: Limit Your Prospects When You’re Looking For A Job

Many would-be property managers limit their job hunt to apartment complexes. While this is certainly the type of building that most people think of when they picture property managers, there are myriad other types of properties that require community managers. Condominium complexes, office complexes and even retirement communities hire property managers. Make sure that you apply to a wide variety of properties when you’re looking for a position.

Do: Look For Jobs That Provide Housing

One of the biggest perks of being a property manager is that you are often given an apartment in which to live as part of your salary. While not all property management positions offer housing, it’s ideal to try to find a position that does. When housing is a part of your salary, you’ll be amazed at how much lower your monthly bills are. Be sure to avoid jobs that only offer housing as compensation, as the monetary value of your apartment oftentimes won’t align with how many hours you’ll end up working.

Don’t: Be Afraid To Talk To People

The best kind of property managers are those who make an effort to get to know the tenants in their building. While your official job requirements might involve finding new tenants for vacant units and light maintenance, your unofficial job title is to be a friendly face to all of the tenants in the building. You’ll enjoy your job a lot more when you have a good relationship with the tenants.

If you follow these tips, you can excel at your property management job. This is a rewarding field that can often lead to bigger jobs in the lucrative world of real estate.

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.