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Property management is the area of employment that deals with the management of buildings and land, maintaining those properties by ensuring they are up to code, tended to, and collected upon in a timely fashion. Property managers are hired to take care of a person’s assets when he or she is physically unable to do so himself.
Education and Schools
Individuals in looking to receive an education in this field typically pursue a bachelor’s degree, as required by most employers. Individuals will learn about the various tasks and responsibilities associated with managing properties, particularly large properties or groups, what constitutes legal behavior, financial concerns and otherwise. Students will also learn about standard business practices, contract obligations, building codes and management techniques.
A curriculum may include:
- Real Estate
- Management Methods
- Property Upkeep
- Finance and Budgeting
- Business Administration
Schools typically offer this degree through their business administration department, as such, a review of the business department of a given school will reveal the quality of the education one may receive. Individuals should seek out programs that continually update their education, particularly in the areas of law, standards and new practices, and should contact potential schools in order to determine if they do.
Building managers may work through offices if they manage large or several properties, or on site if they manage singular or smaller properties. Job growth in this field is expected to increase significantly over the next decade as reliance on trustworthy and competent individuals to perform duties related to the proper function and allocation of funds from property investments increases. Depending on the type of agreement in place, individuals may have more or fewer responsibilities when it comes to the management and financial well being of a given property.
Organizations such as the National Association of Residential Property Managers provide resources and services for professional in this industry.