Property Management
A career in property management is ideal for those who wish to be their own boss. More than half of the people employed in property management and real estate are self-employed. While homeowners or renters see a place to live or work, property managers view their properties as a source of income, their business. Property managers handle the financial operations of the property: collecting rent, paying taxes, maintenance, and insurance premiums. They even handle payroll where necessary. To get started in property management you will generally need a college degree in property management real estate, business, or a related field.
Job Outlook and Earnings Potential
For those interested in a career in property management the job outlook is good. Employment opportunities are expected to grow as fast as average in the next several years, according to the U.S. Department of Labor. While earnings can vary widely depending on region and experience, the median annual earnings for those in property management in May 2004 was $39,980. However, the top ten percent earned over $89,000 a year. It is also common for apartment managers to receive housing as part of their compensation, living on the premises of the property for which they are responsible.
Training in Property Management
Employers look for applicant with a college degree, training or sufficient experience in property management. A degree program in property management will prepare you for the selection and evaluation of investment properties, day-to-day operations, and how to maintain your property and maximize your return on investment.
