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  • Communication
    By joel on June 22, 2011 | 58 Comments58 Comments  Comments

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    When an owner purchases or builds a new facility they have a vision for that property. They know how it will look from the street. They have an idea of what they want the office to look like. They even have a feeling of how they want every customer to be taken care of. If this is a owner that has been in the business for quite a while and has set up a facility similar to his one, they already know how they want their property managers to run their property. They will most likely look for a property manager that can fulfill their vision and also run the property they want it run.
    When a new property manager comes on board they will always see what is required of them. They will do their best to see the vision of the owner and keep the company on the path it is heading. Now as a new property manager, you will want to share your ideas and what you would like to try, but there will always be a time for that. A good owner will ask you what you think and if you have any ideas. That will lead to an open dialogue about what will make this particular property run at maximum capability.
    Owners know that not all properties and property managers are the same. They have to understand that there will be ways that this property needs to be run in order to succeed in that market. Once a manager has been in that store or property for some time they will start to see things that could make the business run better. They should at that point share with the owner what they are seeing. Having a great dialogue between owner and property manager is very important to the success of that business.

    When an owner purchases or builds a new facility they have a vision for that property. They know how it will look from the street. They have an idea of what they want the office to look like. They even have a feeling of how they want every customer to be taken care of. If this is a owner that has been in the business for quite a while and has set up a facility similar to his one, they already know how they want their property managers to run their property. They will most likely look for a property manager that can fulfill their vision and also run the property they want it run.

    When a new property manager comes on board they will always see what is required of them. They will do their best to see the vision of the owner and keep the company on the path it is heading. Now as a new property manager, you will want to share your ideas and what you would like to try, but there will always be a time for that. A good owner will ask you what you think and if you have any ideas. That will lead to an open dialogue about what will make this particular property run at maximum capability.

    Owners know that not all properties and property managers are the same. They have to understand that there will be ways that this property needs to be run in order to succeed in that market. Once a manager has been in that store or property for some time they will start to see things that could make the business run better. They should at that point share with the owner what they are seeing. Having a great dialogue between owner and property manager is very important to the success of that business.

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  • Choose The Next Step
    By admin on August 30, 2009 | 3 Comments3 Comments  Comments

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    Many people that are struggling in the job market today would not consider property management careers as a realistic choice. You should not be afraid to get into the business. Most of the trepidation comes from the fact that people do not fell that they are qualified to get into the business. Granted, you do have to be a very hard worker and also have a certain type of personality, but you should be able to be a success at the job if you put your mind to it. There are some people that will fail, but there are also a lot of people that would excel in the business. There are a few things that you can look at in your own life that will help you determine if you will be a success at property management careers or whether you will have a hard time. When you are trying to decide if it is the right job for you, it is important to be completely honest with yourself.

    Some of the folks that have had the most success in property management careers are the type of people that are natural leaders. If you have always had people follow you, you could consider yourself a born leader. You will have a lot of success in the business if you are a natural born leader. The key to management is to have people listen to what you say. In order for people to listen to what you have to say, they will have to respect what you say and respond to directions that you give them. If people do not respect you, they will have a tendency to blow you off instead of listening to what you tell them to do. This is a very unproductive problem to run into. It would eventually lead to you losing your position. It is not their fault if they do not respect you, that is up to you. Respect is something that you have to earn from people. For this reason, in order to be successful, it is imperative that you are a natural leader so that everything gets done in an efficient manner.

    If you have had experience as a manager in the past, you may already know if property management careers are for you or not. This is where it is important not to lie to yourself. If you have been a manager in the past, you know whether or not you were a good manager or not. You must examine whether people responded to your directions, or if they would blow you off on most occasions. You know whether you were able to run a tight ship, or if your crew was always behind on getting things done. If you were able to be a good manager before, you should not have much difficulty in getting motivated to succeed in a different field. If you were unsuccessful in managing in the past, chances are you will have problems when in property management careers as well. You must be true to yourself. You may try to say to yourself that you can do better this time around and that things were way different back then. Chances are, if you were bad at it before, you will not be able to succeed this time around either.

    If you like this entry, take a look at our
    Luxury Real Estate category :
    http://www.propertymanagementblog.com/category/luxury-real-estate/

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  • Profit of Property Management Career
    By admin on April 21, 2009 | 255 Comments255 Comments  Comments

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    A realty management career is a lucrative career option. Many realty investors buy property, since its price generally appreciates in the future. The owner has the option of either selling the property or giving it on rent.

    The Property Has To Be Well Advertised
     
    There are several financial, legal and other aspects that have to be looked into while managing property. That is why most building and apartments companies, especially those who own large building complexes prefer to hire professionally trained managers. One of the main areas of managing residential and commercial property is its maintenance. This means that the place should be regularly cleaned and all repair work should be completed before giving it out on rent. By hiring trained mangers, the owner can be assured that his building or shop will be properly maintained. If required the manager can also carry out suitable changes like providing more storage space, especially in apartments.

    Property management career is a good option these days as there are many high rises being built by large realty companies. Such multi-storied buildings need professionally trained managers to ensure smooth functioning of the building complex.

    Proper advertisement of the property is essential via mediums like newspapers and internet. In case of large buildings the manager might even opt for advertising on hoardings which gives an overall view of the building and the apartments.

    Once the prospective buyers and tenants come to see the place, the manager will have the responsibility of showing clients around and highlighting the buildings advantages. Also suitable steps have to be taken by the manager to verify the details of prospective clients to ensure that they have clean records and good credit history.

    Property Managers Need Good Interpersonal Skills

    Managers who have had a good property management career are sought after by owners because they have the required legal knowledge regarding property and tenancy laws.

    Once the tenants have been selected, the manager has to draw up the deal papers. Suitable clauses, which are beneficial, both for the tenants and the owner, have to be included.

    The manager will ensure that all agreements are duly signed by the tenants and the owner. Incase any tenant violates the deal, such as not paying rent on time or causing any damage to the  property, the manager will initiate appropriate legal action against the tenant.

    The manager will also supervise all financial dealings regarding selling and leasing out apartments for which he must have sound financial knowledge. He will also ensure rent collection on time and deposit the amount in the owners account.

    Property management career is important, since it teaches good interpersonal skills to the manager. He has to constantly communicate with the tenants and attend to their problems. Realty management career includes training like carrying out necessary repair work in the apartments and solving issues between two tenants in an amicable way.

    Research Well For A Reliable Property Manager

    The manger is also responsible for maintaining law and order and security within the building premises. For this, he can use various signs at accident-prone zones like the parking area and staircases. To avoid accidents he will also ensure that all areas undergoing construction and repair work are properly demarcated. If he wants to issue a warning to any tenant regarding late rent payment or for violating any agreement, he can make use of slips to convey the message.

    It is important to carry out adequate research to get a trained property manager. The owner can learn of property managing firms and professionals from the internet. It is essential to contact the company personally and check details like fees, work timings and duties. Ideally property managers or their representatives should be available 24 hours to attend to any emergency.

    By hiring managers, who have had a good realty management career, owners can relax and earn from their buildings and apartments.

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  • Future Looks Bright For Property Management Careers
    By admin on April 9, 2009 | 82 Comments82 Comments  Comments

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    Prospects for property management careers look bright these days. Experts are saying that employment of property, estate, and community association managers is going to grow as fast as other occupations. Those who have a business administration or building management degree are in a better position to grow in this field.

    Better Job Prospects

    Job prospects for onsite property managers in commercial buildings and properties also look good. As the number of offices and residences increase, so would the need for property managers to manage these buildings. The increasing number of community or homeowner associations also means better job prospects for property managers. So those looking for property management careers have a bright future.

    The demand for property managers is going to go up because more and more property owners would entrust their properties to professional managers. By entrusting their properties to professional property managers the owners of such buildings would ensure that they earn profits on their properties.

    The changing demographics would also lead to better job prospects for property and community association managers. It is forecasted that the number of old people would increase between 2000 and 2012. This would increase the need for assisted-living facilities and retirement communities. And obviously these facilities and communities need to be professionally managed. In other words, prospects for property management careers look bright.

    Those who are interested in a career in management of property obviously have a lot to look forward to.  So if you are interested in a career in management of buildings, let us discuss the training requirements and job qualifications required in this field.

    Qualification Requirements

    The fact is that you do not need a degree in management of buildings to start a career in this field. If you have an accounting, finance, public administration degree, you can start a career in management field. In fact, most employers prefer candidates with these degrees.

    Property management careers require the candidates to know how to interact and communicate with people and have good writing, computer and financial skills. If you have these skills, you can easily get a job as an onsite associate manager of apartment units, office complexes or community associations. In fact, most property managers work their way up from lower positions.

    When you start from a lower position, you will eventually gain experience and knowledge required to become a property manager. You will learn the finer points of this trade. You will become an expert in your field and eventually be able to handle a broad array of management duties.

    Skills Required

    Property management careers require managers to have excellent interpersonal, administrative and financial skills. Property managers are supposed to know the ins and outs of budget principals, insurance coverage and risk options, rent fee collection practices and property marketing and advertising.

    Most property managers specialize in a particular type of building management such as, apartment complexes, condominiums, homeowner associations, business parks, retirement homes, cold storage spaces, or shopping centers. They gain this expertise with experience.

    Besides learning from experience, property managers can also take part in formal training programs and courses to gain more knowledge in this field. This will obviously help them advance in their management careers. These programs provide managers advanced training in areas like, improving property value, insurance and risk management, operating and caring for mechanical systems of buildings, tenant relations and much more.

    So overall, the job prospects in building management field look bright. Plus prospects for promotions and career advancements are also very good in this field. So overall, management of buildings and property can be a very satisfying career option.

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