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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
Multifamily Credit Risk Oversight - Underwriting ManagerFREDDIE MAC McLean, VA Jan 19, 2019
Residential Property ManagerCiminelli Real Estate Corporation Niagara Falls, NY Jan 18, 2019
Property ManagerConfidential New York, NY Jan 19, 2019
Commercial Real Estate Assistant Property ManagerMark IV Capital Round Rock, TX Jan 16, 2019
Regional Property Manager (Multifamily Housing)Monarch Investment and Management Group Omaha, NE Jan 15, 2019
PROPERTY MANAGER Edison, New JerseySHAMCO Management Corp. Edison, NJ Jan 15, 2019
Commercial Property Manager (Industrial)Jones Lang LaSalle Dallas, TX Jan 15, 2019
Regional Property Manager (Multifamily Housing)Monarch Investment and Management Group Louisville, KY Jan 14, 2019
Commercial Property ManagerConfidential Orlando, FL Jan 14, 2019
Property ManagerFederal Realty Investment Trust Berkeley, CA Jan 11, 2019



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