Working as a property manager can be a fulfilling and lucrative career. The field is dynamic, and can include overseeing residential, commercial, and industrial properties alike. Tasks include managing day-to-day operations, ensuring properties are well-maintained, and handling tenant relations.
If you’re thinking of a degree in property management, you need to know how to get there. In this blog post, I’ll tell you everything you need to know about property management degrees.
Property Management Degrees: What You Need To Know
Basic Education & Work Experience for Property Management
You typically need at least a high school diploma or GED to get into property management. This serves as your foundation, but you will need to develop more skills along the way.
Gaining practical experience on top of a high school education is essential. Entry-level positions in real estate or property management firms can provide valuable on-the-job training. Look for roles like:
- leading consultant
- maintenance staff
- assistant property manager
These roles will give you on-the-job education about real estate law, tenant relations, and property maintenance.
College Education
While you don’t need a degree to become a property manager, education can definitely help you further your career. Look for courses in business administration, real estate, or a related field. These degrees will teach you about:
- managing properties
- risk management
- real estate investment
- finance
- marketing
- ethical property management practices
Getting a master’s degree will further enhance your qualifications. Consider this path if you’re interested in commercial real estate or high-level positions in a management company. Look for master’s programs in real estate, business administration, or a specialized property management program.
Certifications
A property management certification will significantly boost your credentials, even if you already have a degree. They demonstrate your commitment and expertise to potential employers or clients. These certifications often require a combination of education, experience, and passing an exam.
Look into these certifications:
- Certified Property Manager (CPM): Offered by the Institute of Real Estate Management (IREM), this certification is for property and real estate managers who wish to showcase their ability to manage assets effectively.
- Certified Apartment Manager (CAM): This certification is ideal for managers focusing on residential properties, emphasizing skills necessary for managing apartment complexes and rental properties.
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