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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
Assistant Property ManagerRXR Realty LLC NY Sep 21, 2018
Manager, Regional Property Management (Based in Dallas, United States)Mapletree Investments Pte Ltd Dallas, TX Sep 21, 2018
Manager, Regional Property Management (Based in Chicago, United States)Mapletree Investments Pte Ltd Chicago, IL Sep 21, 2018
President of Property ManagementConfidential Los Angeles Metro Area, CA Sep 20, 2018
Property Management AssistantVanbarton Group LLC New York, NY Sep 20, 2018
Property ManagerWhitesell123 Delran, NJ Sep 19, 2018
Director-Asset Performance and Risk ManagementDrucker & Falk Newport News, VA Sep 19, 2018
Assistant Property ManagerPiedmont Office Realty Trust WASHINGTON, DC Sep 18, 2018
Property ManagerVanbarton Group LLC New York, NY Sep 18, 2018
Commercial Property ManagerCIM Group Dallas, TX Sep 17, 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