How Do I Become a Property Manager?

Research Your Legal Requirements

While this applies to any career, the property management industry is no exception. Conducting comprehensive research and consulting the experts at 3 Options Realty is an excellent way of finding out what the law requires from a property manager. This also applies to anyone looking to invest in real estate in the United States since the requirements vary from one state to another. Some states require property management companies to have a real estate broker license because the duties of a real estate agent and a property manager are similar.

Other laws may or may not be applicable, depending on the type of property you are dealing with. Consulting a professional can help you find out the laws and regulations to follow, including meeting certain requirements like age, experience, real estate education, and residency, among others.

Get the Needed Real Estate Education

Property managers are not limited to a particular educational background, but most property management companies require applicants to have a high-school diploma. However, most property management companies have doubled down on hiring college graduates, which means you need to boost your portfolio. Some of the courses you should consider include public administration, a master’s degree in real estate, business administration, accounting, or finance.

This will help you gain the needed skills like marketing and strategic management, increasing your prospects of becoming a property manager. We recommend courses in real estate development, finance, management, affordable housing, urban planning, and administration for beginners. You can also apply to a property management company or real estate brokerage for more on-the-job training.

Obtain Specialized Certification

Obtaining specialized certification is important to show prospective clients and property management companies you have a high commitment and professionalism. Whether you are practicing in a state that requires you to have a license or not, you still need to pass a certification exam; the more reason to obtain a specialized certification. There are several certifications that you should focus on, including National Apartment Leasing Professional (NALP), Certified Apartment Manager (CAM) Certification, Certified Property Manager (CPM) Certification, and Master Property Manager (MPM) certification. Contact us today at 3 Options Realty, and learn more about becoming a property manager.