Needing a place to live is consistent regardless of the economy. Property management will always be a necessity. That’s one big reason why it’s such a great industry to work in. But you need the right credentials and education to work as a property manager. As with any profession, you will receive on the job training. But there is some education required to get the job. So, where do you start?
There are different degrees you can earn which will work for property management. Not every property management position requires a degree. But you must earn a bachelor’s degree to dive into commercial property management.
Not every property management position requires a bachelor’s degree. Some only require a high school diploma. They equip you with the skills you need to do your job well.
Some states require that property managers hold a real estate license from the state. Many companies require their property managers to have their real estate license. The classes you attend to earn your license are valuable to your career. They also provide you with the skills you need to move up the ranks in this industry. Some of the classes include:
Though you may not use each class as a property manager that does not undercut the value. Real estate schools are flexible with you too. You can take your classes online or in person.
The Institute of Real Estate Management (IREM) has a nationally known certified property management program. The courses you earn through the program will prepare you for success. You learn how to manage single family, multi-family, and commercial properties.
All property managers must go through fair housing training. If you earn your real estate license these courses are included. Otherwise, your employer will provide your fair housing training. There are several federal and state laws property managers must follow. You will learn about protected classes, how to process applications, and how to market your property legally. It is essential to have a clear understanding of these laws. Otherwise, you open the door to a discrimination lawsuit.
Earning proper education plays a huge role in your success as a property manager. It’s a lucrative field with plenty of potential. It pays to invest in your education to become successful. Looking to start your property management firm? Let the experts at Property Management Pros help.