One of the things people love most about the world of real estate is that it offers numerous career choices from which you can choose. When you first think about how to make money in real estate, being an agent or an investor is probably the first thing that comes to mind. However, these are not the only options you have! If you’re interested in starting a career in real estate, learning how to become a property manager might be the right move for you.
A property manager is a person or a company that oversees the day-to-day operations of a real estate property in exchange for a fee when the owner is unable or is not interested in personally attending to such details. Some of the typical duties of a professional property manager include:
- Setting the rental rate
- Marketing vacant properties
- Screening potential tenants
- Performing house visits
- Following up with both rental property owners and residents
- Settling complaints/ repairs and maintenance requests, and more
Though becoming a residential property manager is a lot of hard work, a lot of people find the consistent paycheck a better fit for their lifestyle. In addition, the number of people of all ages choosing to rent over buying a house is increasing. As such, this is leading to an increased need for reliable residential property managers. As a matter of fact, the US Bureau of Labor Statistics projects that employment in the property management industry is expected to grow 10% from 2016 to 2026. So, the need will continue to exist for the foreseeable future.
This is why we made this infographic for anyone interested in entering the field of property management. Our How to Become a Property Manager in 5 Steps real estate infographic will show you the following:
- The 5 steps of becoming a residential real estate property manager
- The 6 skills you need to acquire to succeed in property management
- A bonus tip on how to grow your property management business
This infographic was created by Venngage Infographic and Real Estate Flyer Maker
If you’ve found our real estate infographic useful, make sure to read the full guide on How to Become a Property Manager in 5 Steps. There, you’ll get more in-depth details on each step of the process to become a property manager which the infographic only highlights. You will also find additional data and interesting information about this real estate career choice like how much property managers make in the US, what type of license you need in different states, as well as additional resources that you’ll need when getting started.
As you’re learning how to become a property manager, you’ll realize that growth means you need to get more real estate properties under your belt. One of the easiest ways for an absolute beginner to achieve this is by using Mashboard. This real estate software helps property managers find properties for their clients and communicate with them most efficiently. Sign up for Mashvisor to access this tool and start your property management career on the right foot! For more tips on how to succeed as a residential property manager, read this.
