5 steps to become a certified property manager
As Lex Luthor likes to say in the Superman comics, people will always need land. More importantly, they’ll always need somewhere to live.
That helps to explain why the US housing market was worth $33.6 trillion in January 2020.
As a result, getting into real estate is a great way to build a career. Yet if you also want a consistent income, becoming a property manager is a great option. Unlike agents, your income won’t depend on commissions.
Wondering how to become a certified property manager? Read on to learn more.
1. Check Out the Legal Issues
Different states have different license requirements for property managers. The size and type of properties you want to manage also impact the rules you have to follow.
You’ll also need a real estate license to become a property manager. The state requirements for this license also vary.
Check what’s needed in your state, both for your license and any extra certifications. As an example, having ‘Master Property Manager‘ on your resume is a great boost to your career.
You might need to pass exams to get certified. Still, the effort is a great way to help you stand out.
2. Educate Yourself
you don’t necessarily need a bachelor’s degree in real estate. A background in administration, accountancy, finance, or management can also stand you in good stead.
Consider boosting your knowledge through online courses, particularly if you want to specialize. Affordable housing is a great specialism to develop.
3. Start Small and Work Upwards
Consider starting as a leasing agent within a property management company. Here, you can learn the functions of property management under supervision.
On-the-job experience will be a great asset for applying for property manager positions.
You won’t need to get your own real estate license until you move on to become a property manager.
4. Look for a Property Manager Position
Start with job boards and other online resources. Check the listings regularly and sign up for notifications of new listings.
When you do apply, try to do so before 9 am on a working day. Your application will be one of the first things the hiring manager sees that day.
If you find a position you’d like, look up the company online. Send a personalized application to their hiring manager.
While you’re looking online, start networking with real estate agents. They’ll know of job openings before they go live so you can be first to apply.
They may also be able to introduce you to the right people. General networking is also a good option.
You never know who might know the right person to hire you.
5. Invest in Continual Professional Development
Once you have your property manager job, things don’t end there. Best practices change, while industry trends come and go.
Make a point of keeping up with these things regularly. Read industry news, learn about new technology, and keep up with the housing market.
Good Luck in Your New Career
Now you know the steps to take to become a property manager. If you’re keen to pursue this new career, start networking now. Get to grips with your local industry and research license requirements and certifications.
Working your way upwards from an entry-level position is also a great way to learn while you earn. With your newfound experience under your belt, you’ll be in a great position to strike out as a property manager.
Keen to start your education? Check out our real estate articles to immerse yourself in the industry.