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Property Management


Property Management is like being the mayor of a small city... Property management involves the daily operations at the individual property level and can include marketing and promotion, tenant screening and selection, managing rent, coordination of the maintenance and repair function, optimizing building efficiency and acting as liaison between owners, investors, vendors, and tenants. The duties and expectations of property managers have grown over time especially with the advent of enhanced technology tools and owner expectations. The position increasingly involves a comprehensive understanding of the asset or assets in a real estate portfolio and the responsibility to lease and management to maximize returns and insure the real estate's long-term viability.

Role / Company Location Posted
Affordable Housing Asset Manager (Housing Community Developer IV)Fairfax County Government Fairfax, VA Dec 10, 2018
Property ManagerHUTTON Chattanooga, TN Dec 10, 2018
Manager, Regional Property Management (Based in Los Angeles, United States) Los Angeles, CaliforniaMapletree Investments Pte Ltd Los Angeles, CA Dec 7, 2018
Manager, Regional Property Management (Based in Dallas, United States) Dallas, TexasMapletree Investments Pte Ltd Dallas, TX Dec 7, 2018
Manager, Regional Property Management (Based in Chicago, United States) Chicago, IllinoisMapletree Investments Pte Ltd Chicago, IL Dec 7, 2018
Assistant Project Manager- Construction New York, New YorkGotham Greens New York, NY Dec 6, 2018
VP of OperationsTricon American Homes Charlotte, NC Dec 6, 2018
Assistant Property ManagerHampshire Properties Menands, NY Dec 6, 2018
Property ManagerColliers International Atlanta, GA Dec 5, 2018
Sr. Property ManagerHealthcare Trust of America White Plains, NY Dec 4, 2018



Looking to the future

Property managers will always have a place in real estate and the role will continue to evolve. Every asset needs someone to manage expenses, collect rent, and provide customer service. The ever-evolving increased focus on optimizing operating efficiency will require future property managers to provide an even higher level of service to owners. Wall Street has become a major player in the real estate industry and its ownership has increased the level of scrutiny and sophistication required at the property management level. Based on experience, property managers can assist in development by suggesting layouts and plans that maximize efficiency and lower replacement costs. They can provide detailed financial analysis of the property and forecast trends in the market as well. As property management becomes more sophisticated, barriers to entry will increase but it will always serve as an appealing entry point to the real estate industry.

 
Property Management

Skills Required

  • Effective Oral and Written Communication
  • Customer Service
  • Financial Skills and Budgeting
  • Leadership and Management of Property Staff
  • Negotiations

Professional Reading and Resources


  • "Journal of Property Management" by IREM
  • "Practical Apartment Management" by Edward N. Kelley
  • "Opportunities in Property Management Careers" by Mariwyn Evans
  • "Shopping Center Management and Leasing" by Richard F. Muhlebach and Alan A. Alexander
  • "Managing and Leasing Commercial Properties Volumes 1 & 2" by Alan A. Alexander and Richard F. Muhlebach

Industry Qualifications


  • Licensed Real Estate Agent or Broker
  • CPM: Certified Property Manager designation from IREM (Institute of Real Estate Management)
  • CMCA: Certified Manager of Community Associations from NBC-CAM (National Board of Certification for Community Association Managers)
  • ACoM: Accredited Commercial Manager from IREM (Institute of Real Estate Management)
  • CAM: Certified Apartment Manager from NAA (National Apartment Association)

Top Companies


  • AIMCO
  • Equity Residential
  • Colliers
  • Pinnacle (American Management Services)
  • ProLogis