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Property Manager

Property managers manage and supervise the letting of commercial, residential, industrial and retail rental properties on behalf of their owners.

Property managers often work irregular hours, including weekends. This occupation involves a great deal of contact with the public and with associated professionals, such as builders, plumbers and electricians.

TASKS

Property managers may perform the following tasks:

market vacant properties for lease and organise viewing sessions for prospective tenants
perform background checks of references, employment and rentals before selecting suitable tenants
negotiate lease terms and conditions and ensure that they are observed
collect and hold bond and rent monies from tenants
manage other accounts and finances such as insurance and budget requirements
arrange and perform regular property inspections
monitor property condition and arrange for maintenance or repair
advise on market rents and conduct rent reviews to assess the current rental price
represent property owners at residential tribunal hearings

PERSONAL REQUIREMENTS

good communication and negotiation skills
good presentation and a pleasant manner
able to work independently
excellent organisational skills and attention to detail
good working knowledge of the local area

Good Outlook for this career!

Interest Area

EDUCATION & TRAINING

To become a property manager, you usually have to complete a nationally accredited short course in real estate or property services, or a VOC qualification in property services, specialising in real estate or agency. As subjects and prerequisites can vary between institutions, you should contact your chosen institution for further information. You may be able to study through distance education.

You can also become a property manager through a traineeship in Property Services (Real Estate) or Property Services (Agency).

Entry requirements may vary, but employers generally require Year 10.

Additional Information

Property managers must hold a certificate of registration authorised by the ACT Office of Regulatory Services or NSW Fair Trading in order to practise in that state or territory. In order to be registered, you must complete an accredited training course. In the ACT, you need to be represented by a real estate agent and must obtain a National Police Certificate. Depending on the responsibilities of the role, a licence may also be required. Contact the ACT Office of Regulatory Services or NSW Fair Trading for more information.

EMPLOYMENT OPPORTUNITIES

Property managers often work in the residential sector, but are also employed by corporations and financial institutions in areas such as retail and industrial property.

Employment opportunities for this occupation vary depending on the state of the real estate industry. The property market is very sensitive to the general state of the economy and factors such as government policy and interest rates.