What experience do I need to be a property manager?
There are many skills that are useful as a property manager. In terms of experience, having previously spent time working as an assistant property manager for at least a few years is beneficial. Having experience working as an administration assistant can also provide skills that will help you in your property management career.
It is also worthwhile to have prior knowledge of tenants' rights and property laws, accounting, business and financial experience, marketing and sales knowledge, and people skills.
What is it like to work as a real estate property manager?
When you work as a property manager or real estate sales assistant, you will have many daily responsibilities. This can include keeping in touch with tenants, dealing with repairs and maintenance, and keeping track of financial records and budgets. That is why you need a good understanding of real estate and property management laws, as well as possess great people skills.
What is the most challenging part of a property manager's job?
Being a property manager can be a rewarding and enjoyable career. However, the job undoubtedly comes with certain challenges. There may be challenging property owners or tenants, as well as challenges around managing property repairs and maintenance.
It is also important to make sure that you are complying with all relevant local laws and regulations, as well as balancing the needs of all the people involved, such as contractors, tenants, property owners and so forth. You will also need to deal with collecting rent and budgeting.
How do I begin a career in property management?
Employers prefer candidates who have completed a degree or certificate program in property management or a related field.
If you want to become a property manager in New South Wales, consider looking into the real estate courses offered by REINSW. To begin your career in property management, you can look into completing an assistant agent course or the Certificate III in Real Estate Practice. Upon successful completion of the Certificate III, you can then enrol in the CPP41419 Certificate IV in Real Estate Practice to work towards obtaining your Licence Class two (2) Real Estate Agent.
It is also beneficial to work on developing skills that are relevant to property management. These property industry skills include networking, sales, marketing and communication and relationship skills. You'll need to be patient to resolve any disputes that arise, and you'll need the ability to keep organised, too.
You will also need to obtain the necessary qualifications. Once you have completed an Assistant agent/Certificate of Registration course, you can then apply to New South Wales Fair Trading to obtain an Certiciate of Registration. You can then apply to work as a property manager in the real estate industry.
What are some common topics included in a property management course?
Property management courses cover a range of topics across property services such as law, marketing property sales and leasing, financial management, maintenance and repair, and tenant relations. For further information about our property management courses, please contact REINSW.
Are there any professional certifications available for property managers?
Yes, the CPP41419 Certificate IV in Real Estate Practice. Successful completion of this real estate course enables you to work as a real estate agent or property manager in New South Wales.
What are some career opportunities for property managers?
Property managers may work for real estate agencies, property management and leasing companies, or directly for property owners. They may manage residential or commercial properties, including apartment buildings, office complexes, retail spaces and industrial real estate.