If you want to change your career and try something new, rental property manager could be the right way too. There is always a need for these kinds of services because some of the people are always going to choose to rent rather than buying a house. And that’s not going to change any time soon. So today, we’re going to show you how to become a property manager with online courses. 


How important are licenses and certifications?


There are a number of certificates and licenses, which you can acquire online or by attending live courses. Those licenses and certifications could possibly be very valuable for your future career. The reason for that is they give credibility to the manager. And keep in mind that different states have different laws about the certification you need to become a property manager.


That’s why you should check the regulations and requirements in your city, county, or state. For example, if you’re wondering how to become a property manager in California, you need to check the laws first. In that particular state, you first need to acquire a broker or a realtor license and work under a broker. Other requirements also need to be met. 


What are the positive sides of an online course?


As we established before, online courses are the quickest way for you to acquire a property management license. You can attend the online course at any pace you want. You have all of the documentation online and you can use them whenever you want. However, there are certain deadlines for tests and quizzes you must meet.


With online courses, you will learn everything you need to know about forming good relations with tenants and community associations. An online course will give you an opportunity to enrich your professional life and get valuable insights into the business you’re looking to work in.  


What are companies asking for?


How to become a certified property manager? Some companies will hire you with just a high-school diploma in your resume. However, more and more companies require you to have a bachelor’s degree in finance, real estate, or public administration if you want to work for them. Some companies will only interview candidates that have vocational urban management, real estate management, and/or property management training. 


If you don’t have the time to go back to school, you can always sign up on one of the online courses and earn a degree that way. Most likely, after you finish an online course, you will start at an entry-level job. While it may not seem like it, this actually a positive thing. From a low position, you will have a better insight into the business. 


And that's how to become a property manager without experience. 


What are the responsibilities of the Property Manager?


So the question we now have is what does a property manager do? Possibly the biggest responsibility of a property manager is to the law, then you have your responsibilities to the landlord, and last but the least, they have a responsibility to the tenants.


And let’s not forget – this is a job with many responsibilities. By becoming a property manager some of the duties you'll have included:


  • Advertise units and negotiate lease terms
  • Coordinate maintenance. 
  • Create and manage a property maintenance team
  • Be the link between property owners and tenants
  • Collecting rent and handling late payments
  • Maintaining property. Fixing tenant complaints, completing repairs, contacting snow removal companies and landscaping companies etc. 


Fulfilling those responsibilities and duties on time is how to become a good property manager. 


How to get your first job after you finish and Property Manager online course?


All of the things we’ve talked about sound great, right? You just need to get your degree and in just a short few months, you’ll be able to start working in the field. However, most people reading this are probably left wondering: how to get into property management? 


When you acquire your license for property management, the next step is finding the right company for you. You should find a company with a good background and reputation. See which companies are looking to hire new employees. Start by sending your resumes, and when some of them respond, go to a few interviews.


As you can see, the process is pretty straightforward and isn’t too different for any other job-hunting opportunity. 


How to start managing your own properties?


You should read this part if you have the ambition to be your own boss. Here we will list some steps and hint on how to do just that.


  • Get some experience: Before starting on your own, you should get some experience by working as a property manager for some company. You will get to know some people, befriend some, and get some contacts for your future business.
  • Raise some capital: As soon as you save some money, you need to find a good time to invest in properties. You could save up your money, or you could take a loan from a bank or find some investors.
  • Start buying some properties: To start, find one or two properties that meet your demands in terms of location, price etc. From there is easier to expand further.
  • Find renters: Put up those properties on some websites, realtors etc. Make sure you evaluate their ability to pay rent on time.
  • Keep financial records: This is a really important part of your business. Great variety of important reasons for keep tracking your finances. Some among them are Tax Purposes, Approaching investors, Making an investment etc.
  • Know local legislature: Your business is your responsibility. You need to make sure you are abiding by all local and state laws when it comes to real estate.
  • Keep up maintenance on your properties: By preventing future problems, by doing regular maintenance you will save up some money and build a reputation for yourself. Same goes with being responsive to your tenant’s requests. 


Conclusion


According to the Bureau of Labor Statistics, employment in the real estate industry will grow by around 8% in the next five years. If you are unemployed or if you need a change in your life and career, property management is definitely one of the better options. 


We hope that this guide helped you find out how to become a property manager. With online courses, you can start a brand new career in a matter of months. So don't wait too much – go and try any of these courses out – trust us, you won't regret it.

Copyright 2018, propertytraining.org Privacy Policy and Terms