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How
do I Become a Property Manager?
Becoming a Property Manager in 5 Easy Steps
Do you want
to become a property manager but have no idea how to kick
start your
property management career? Then let us show you what are the
important steps for becoming a property manager right now:
Step
1: Earn Your Degree in a Related College or University Subject
While
having a bachelor's or master's degree in a relevant course is optional
for becoming a property manager, it will come in handy if you are
applying for a job
with a property management company. Some
companies
will require a college degree as a minimum requirement
for the starting position of an assistant property manager.
If you want to be a property manager when you graduate, you should
consider taking a course in relevant subjects such as business
administration, real estate, finance or accounting.
If you are
wondering, "how do I become a property manager without a college
degree?" - Click
here to learn what are the different property manager positions.
You can
always begin your property management career without a degree but
you may have to work your way up from a lower position such as
a on-site property officer.
Step
2: Sign up for a Property Management Course for Your Area
Although it
is definitely possible for you to learn how to be a property manager
and pick up the know-hows
of managing a rental property from actual work experience, taking a
property management course is a short cut for learning the
long list of skills needed to become a property manager.
Most local
vocational institutes such as polytechnics or real
estate associations do offer courses in property management so they
will be an excellent place for you to pick up essential skills and earn
a recognised certificate at the same time.
If you are strapped for time, you can also consider registering for an
online property management course that allows you to learn how to
become a property at your own pace. Depending on the level of the
course and your work
experience, it can take anywhere from 3 months for a beginner's class
and up to 3 years for a full fledged master's degree.
Step
3: Become a Property Manager and Chalk up Work Experience
While
formal education and training does give you a solid foundation to kick
start your career, there is still
nothing quite like hands-on experience when you are learning how to be
a property manager.
Running rental properties involves having to deal with different people
and unexpected situations. You will have to handle your tenants, please
your landlords and work with 3rd service providers such as repair men
or
landlord tenant lawyers. If you are becoming a property manager, having
good people skills will make your life a lot easier.
You will soon realise that there are a lot of real life situations that
you can't just solve by flipping through a textbook. It takes real-life
experience to handle a burst water pipe or
wayward tenants who are secretly stashing illegal occupants.
Step
4: Take a Further Step to Become a Certified Property
Manager
When it
comes to property management certification, there are several
types you can choose from but few enjoys the recognition that comes
with a Certified Property Manager CPM status.
This certification is offered by the Institute of Real Estate Management
IREM. To qualify as a CPM, you will need to pass the required courses
on real estate marketing, real estate financing, property maintenance
and human resource management. You can choose to study for these
courses in a classroom setting or at home.
On top of that, you will have to adhere to IREM's code of ethics and
provide them with your professional references as proof of your work
experience. You will then be granted CPM status if IREM is satisfied
with both your training and experience level.
Unfortunately the CPM
property management certification course
comes with high entry requirements and demands a high level of
dedication to complete. If you don't meet the CPM requirements or have
the time for it, Click
here to see what are the other well recognised certified property
management courses.
Step
5: Become the Member of a Property Management Association
If you want to become a property manager, there are many good reasons
why you should consider joining an
established property management association such as National
Association of Residential Property Managers NARPM , Institute of Real
Estate Management IREM or National Apartment Association
NAA.
You will gain access to much needed advice and support from the senior
members
plus being a member of a well respected association will make you more
credible to employers since association members will often have to
uphold a stricter code of ethnics.
If you are becoming a property manager and want to know what a property
management association can do for you, Click here for
our complete guide to property management associations.
Do you want to learn MORE must-know
facts on how to be
a
property manager?
Return
from this How to Become a Property Manager page to our Property Management Career
guide
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