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If you are interested in becoming a property manager, you might be interested in knowing what the college requirements are. Recent trends show that when hiring property managers, most firms in the business of managing property hire candidates with college degrees in accounting, business administration, finance, realty, and public administration.
Those who have college degrees in liberal arts can also work as property managers. This is because property managers essentially need to have good communication, writing, computer and financial skills.
So you might be wondering here do you really need a college degree to start a career in management of buildings and realty. The answer is no. the fact is that today property managers have to be masters of multiple trades, know extensively about the current trends in their field, be great communicators and be people manager. So you need not really need a college degree to start a career in managing properties.
Starting A Career
So how do you start a career as a property manager? Trends show that most property managers work their way up. Many start as onsite managers of apartment units or office complexes. Some take up job as onsite managers in companies managing buildings. As they gain experience and learn the in and out of the trade, they get promoted. They are then given responsibility of managing larger properties.
Professional Training Programs
Besides learning through experience, many companies doing business of managing realty encourage their property managers to enroll in professional learning or training courses. These courses are unlike many property management college degrees. These programs offer advanced training in various areas like:
- improving property
- building mechanical systems
- risk and insurance management
- realty and business laws
- personnel management practices
- handling tenant relation
- effective communication
- community association liabilities and risks
- accounting and finance
These programs are designed to prepare property managers to handle more responsibilities. Those managers who want to specialize in a particular field in management of buildings can also find numerous courses and training programs. Many property managers choose to go for specialized programs and courses instead of a property management college degree.
Many sponsoring associations also offer certifications and professional designations to property managers who have relevant experience, have passed a certain examination, or have complete a certain program.
Certification is only necessary for property managers handling public housing subsidized by the Federal government. However, most property managers preferred to get certified in order to have their achievements and experience recognized formally. However, if you are also planning to be involved in buying and selling of realty, you would need a license.
You may not require a degree in management of buildings and realty to start a career as a property manager, however, if you choose to do get a college degree you have many choices. You can check out colleges and universities in your area to choose the right degree in management of buildings. There are no institutions that offer a degree in management of residential buildings, however, there are number of colleges and universities offering undergraduate and graduate degrees in facilities management and realty.
So if you are looking for a career in buildings management you know where to start. If you have the credentials, that is well and good. However, if you do not, you can still have a career as a property manager. A college degree will provide you with theoretical knowledge, however, it is your experience that will make you a professional.
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