In the past decade, the property management industry has steadily expanded, providing a vast resource of financial and professional growth opportunities. If you consider becoming a property manager and have a passion for working with people, you are on a path to a wonderful and fulfilling career. Like any career, there are several requirements that candidates are expected to satisfy before getting started. Numerous property management companies can help you with pertinent information on getting started, cementing your foundation in the industry. 3 Options Realty has a dedicated team with vast industry experience and expertise, ready to help you establish a career in property management. Here are some essential steps you need to follow to ensure you start on the right foot.
Research Your Legal Requirements
While this applies to any career, the property management industry is no exception. Conducting comprehensive research and consulting the experts at 3 Options Realty is an excellent way of finding out what the law requires from a property manager. This also applies to anyone looking to invest in real estate in the United States since the requirements vary from one state to another. Some states require property management companies to have a real estate broker license because the duties of a real estate agent and a property manager are similar.
Other laws may or may not be applicable, depending on the type of property you are dealing with. Consulting a professional can help you find out the laws and regulations to follow, including meeting certain requirements like age, experience, real estate education, and residency, among others.
Property managers are not limited to a particular educational background, but most property management companies require applicants to have a high-school diploma. However, most property management companies have doubled down on hiring college graduates, which means you need to boost your portfolio. Some of the courses you should consider include public administration, a master’s degree in real estate, business administration, accounting, or finance.
This will help you gain the needed skills like marketing and strategic management, increasing your prospects of becoming a property manager. We recommend courses in real estate development, finance, management, affordable housing, urban planning, and administration for beginners. You can also apply to a property management company or real estate brokerage for more on-the-job training.
Obtain Specialized Certification
Obtaining specialized certification is important to show prospective clients and property management companies you have a high commitment and professionalism. Whether you are practicing in a state that requires you to have a license or not, you still need to pass a certification exam; the more reason to obtain a specialized certification. There are several certifications that you should focus on, including National Apartment Leasing Professional (NALP), Certified Apartment Manager (CAM) Certification, Certified Property Manager (CPM) Certification, and Master Property Manager (MPM) certification. Contact us today at 3 Options Realty, and learn more about becoming a property manager.
If you have been rummaging through web results for “property management companies near me,” then you are at the right place. 3 Options Realty’s property managers in Atlanta are experienced and trained to deliver top-tier service. Call 3 Options Realty to speak with a friendly representative today to learn more about our property management & real estate services. We are ready to take your call.
We use professional market research to determine fair-market rent, and we use broad market advertising to reach a large audience. Our agents will also help you prepare your property and skillfully present your property. Prospective tenants will undergo comprehensive interviews and background screening before we negotiate with them the rental agreement using our proprietary, attorney-reviewed forms.