Property Management

Property Management is the overseeing of residential and commercial real estate. This includes apartment complexes, rental homes, condominiums, high-rises, and shopping centers. Property Managers manage these properties for their company or clients to generate income and ensure that the property is being cared for.

According to the Bureau of Labor Statistics, property managers make an average of $58, 760 per year. While a college education might not be a requirement to enter into this field, taking business courses is recommended to help you stand out as a candidate. Since property managers help owners create budgets, collect rent, advertise rental spaces, and comply with real estate laws, coursework in finance, real estate, and marketing will give you the knowledge and skills to be a successful property manager. Soft skills needed to be a property manager include communication, organization, and customer service. Some companies may also require their property managers to have a real estate license.

The Bauer Undergraduate Real Estate Finance track is a great fit for someone wanting to go into property management. Learn more about the Real Estate track at https://www.bauer.uh.edu/real-estate/doc/RE-Flyer-STAT.pdf.

 

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Property, Real Estate, and Community Association Managers, on the Internet at https://www.bls.gov/ooh/management/property-real-estate-and-community-association-managers.htm (visited October 23, 2020).
By Amanda Ware
Amanda Ware Career Development Specialist Amanda Ware