What does a Property Manager do?

Property managers are responsible for the overall financial and operational management of residential, commercial, and industrial properties. Property managers aim to minimize costs while keeping tenants satisfied. They are tasked with addressing tenant concerns, collecting rent, dealing with maintenance, and managing the budget.

Property managers need to have a Bachelor's degree. Some states require property managers to have some type of professional designation or certification. While not all states do, most employers prefer property managers have a Certified Property Manager (CPM), Real Property Administrator (RPA), or Registered in Apartment Management (RAM) designation. Most of these designations have education, experience, and exam requirements. The best property managers are customer service oriented, have great interpersonal skills, and are extremely organized.

  • Oversee, maintain, and inspect all designated buildings and properties
  • Coordinate ongoing maintenance and inspections to comply with all relevant laws, codes, and company policies
  • Select tenants through interviews and background checks
  • Collect rent, pay invoices, and analyze operating statements
  • Prepare the annual budget and report on financial performance regularly
  • Manage on-site staff, and vendor and contractor relationships
  • Address tenant complaints, violations, and problems
  • Prepare and maintain all records, correspondence, and files
  • Establish and maintain relationships with tenants
  • Bachelor's degree highly preferred; equivalent work experience in property management will be considered
  • CPM, RPA, or RAM designation preferred
  • 5 years of experience in property management
  • Highly proficient in Microsoft Office
  • Strong interpersonal skills
  • Proven ability to comply with operational policies and procedures, codes, and regulations
  • Must be able to read, write, and speak fluent English
  • Exceptional organizational, problem-solving, and interpersonal skills
  • Strong familiarity and working knowledge of affordable housing laws and anti-discrimination legislation

Average Years of Experience

0 - 1
18%
2 - 4
59%
5 - 7
14%
8+
9%

Common Skill Sets

Microsoft Office Suite
Excellent Communication
Security Clearance
Test Equipment
NetOps
Attenuators
Inventorying
Antennas

Property Manager Seniority Levels

L2
Property Manager
£28,689/yr
Community Manager
22% made the transition
Marketing Coordinator
38% made the transition
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Property Manager Salaries

Average Base Pay

£28,689 /yr
Same as national average
Not including cash compensation
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£19K
Median: £29K
£44K
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Glassdoor Estimated Salary

Property Manager jobs

Property Manager Interviews