Commercial Property Manager: Job Duties & Requirements
If you're looking to begin a career as a Commercial Property Manager, a bachelor's degree will greatly help you, though no degree is required. Experience as a real estate agent or building manager will help prepare you for a career in Property Management. Keep reading to learn more about how to begin a career as a Commercial Property Manager.
Commercial Property Manager: Career Defined
Commercial Property Managers supervise, maintain and run properties for their owners. Commercial Property Managers often manage the financial, operational and day-to-day affairs of buildings. Typical duties of Commercial Property Managers include collecting rent, negotiating leases, making mortgage payments, fulfilling tax obligations, contracting with cleaning services, ensuring maintenance needs are met and other duties as needed.
How to Become a Commercial Property Manager
Required Education for a Career in Property Management
While there aren't any formal education requirements for a career in Property Management, many employers prefer candidates to have at least a bachelor's degree. Common courses in a 4-year bachelor's program that will help prepare you for a career as a Commercial Property Manager include business administration, finance, real estate, accounting and public administration. While not required, earning a professional designation can help you stand out in this field.
Skills Required for a Career as a Commercial Property Manager
Because Commercial Property Managers deal with a wide variety of tasks and actors, they must be good multitaskers and have strong communication skills. A thorough understanding of technology, math skills, and knowledge of building codes and legal requirements will help you succeed as a Commercial Property Manager.
Employment and Economic Outlook for Property Management
According to data from the U.S. Bureau of Labor Statistics (BLS, www.bls.gov) employment of property, real estate and community association managers, including Commercial Property Managers, is predicted to increase 6% from 2010-2020, which is slower than the average for all careers. The BLS listed the median annual earnings for this field at $52,610 in May 2012.
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