Have you ever considered a career in property management? Are you curious if your skills and qualifications make you a good fit for the job? If you’re willing to put in the work and take on the responsibility, becoming a property manager comes with some great benefits. We’ll be breaking down all the aspects needed to be successful as a property manager here.
What is a property manager?
A property manager is the main point of contact between the residents living in mobile home parks and the owners of the properties. In terms of managing the mobile home parks and residents, a property manager will be responsible for handling rent, property complaints, updating facilities, taking care of the property, and interviewing possible tenants. They are also in charge of evicting tenants which can be the hardest part of the job. When it comes to dealing with the property owners, property managers are responsible for ensuring rent is sent out, voicing opinions of the tenants and relaying andy property problems.
While many people are purchasing homes in California there is still a big push for rentals in today’s housing market. Every year the demand for rental space has risen and it doesn't seem to be slowing down anytime soon. With that push, the demand to have property managers in California are rising. Currently, the average salary for a mobile home property manager is around $30,000. This may seem low but most managers have rent-free housing with access to all the amenities on the property. This salary rate has also been rising for the last few years with the upper end of managers making around $60,000. According to the U.S Bureau of Labor Statistics, these jobs are expected to grow by 5% every year until 2024.
Property management is a desirable career that you can get involved in without a formal degree, just some real-world experience and a desire to excel. If you do have some formal education, your prospects in the industry will be even greater. Property management is a good fit for those who’ve studied business management, accounting or real estate. If your interested in breaking into the property management field without much experience, you can get a property management certification. You can also receive an accredited residential manager certification, which can further prove you are ready for the challenges of this career.
Good customer service and people skills are vital qualities a property manager needs to possess. Your career success and the success of the community you manage are dependent upon your ability to manage and maintain the expectations of both the residents and owners of the property. Quality communication skills are also a valuable asset as a property manager. It’s important to be able to relay lease terms in a reasonable fashion, handle inter-community problems with residents in a respectful manner and ensure a seamless transition of residents both in and out of the community. Being well mannered and timely with all responses and responsibilities is the key to becoming a successful property manager.
Property managers also have to deal with a lot of administrative duties. Keeping extremely organized with leases, contracts and maintenance records is just as important as customer service. Basic knowledge of computers and administrative software like Microsoft Office will also help make your job a lot easier.
How to get started
If you’re interested in a career in property management but unsure where to start, being an assistant is a great introduction. When you become an assistant property manager you will see how the job works and also assist with more high-level tasks. You’ll gain experience in customer service while also learning how to best communicate with the property owners. Many assistants take part in both onboarding new residents and evicting residents when necessary. You will also most likely learn how to advertise properties, enter and manage data, process rent payments, and track expenditures.
You can also start out in the industry as an assistant administrator where you worry mainly about the internal structure and how rent and leases are being managed. Having insight into more of the administrative tasks will help you learn a lot about how properties are run. Your day-today as an assistant administrator might involve answering phones, dealing with walk-in potential residents, fulfilling maintenance requests, and communicating with outside vendors.
Another avenue into property management is through bookkeeping. This will give you more insight into the financial side of the community as you’ll deal with things like filing taxes, processing payments and creating reports for the property owners. Depending on your interests and strengths, there are a variety of different jobs than can get you started in a career in property management.
The skills and experiences gained from a career as a property manager can translate into many different areas later on in your professional life. For more information visit your local agency and find out if this career is right for you.