How to Become a Property Manager

If you’re looking to break into a new career, learning how to become a property manager could be the right move for you. People of all ages are choosing to rent over buying a house, so the need for   Property Management  reliable property managers is out there. And the Bureau of Labor Statistics projects that employment in the industry will grow 7% through 2028, so the need will continue to exist for the foreseeable future.

Do a decent salary, steady employment, job security—and a strong desire to work with people—top your wish list when it comes to your next career? If so, follow these steps on how to become a property manager.

Step 1: Research the legal requirements
The specific licensing requirements for becoming a property manager vary by state. Plus, there are different rules that apply depending on the properties you manage. For example, managers of government-subsidized public housing are usually required to obtain special certifications. It’s entirely up to you to know which laws and ground rules apply to you.

To learn how to become a property manager in your area, check out this helpful guide that breaks down the requirements by state. Once you know what is expected in your state, you can start taking the steps to obtain the right licensing and ensure that you comply.

Step 2: Take real estate courses
While a high-school diploma can be enough for some people to hire you, more and more companies want their property managers to have a bachelor’s degree in business administration, real estate, accounting, public administration, or finance.

Other companies seek out candidates with vocational real estate training or a real estate license. Coursework in real estate development, real estate management, real estate finance, urban planning, affordable housing administration, property management, and housing for the elderly are especially sought after.

Step 3: Obtain specialized certifications
Even if you don’t need a license to manage properties in your jurisdiction, obtaining certifications is wise because it reveals to hiring companies, and potential clients, that you have a high level of commitment and professionalism. Many property managers go on to obtain a real estate license—either a real estate broker’s license or a real estate salesperson’s license. And that definitely opens up opportunities for you beyond just property management.

Step 4: Get your first property manager job
Once you’ve obtained the proper certifications it’s time to get a job. Easier said than done?  There are a few ways you can jump start your job search and find a property manager job that’s right for you.

Use your network
Let your friends and professional contacts know you’re pursuing a job in property management. You never know who will be in a position to hire you for a property management job until you start getting the word out there that you’re embarking on this new career.