How to Become a Property Leasing Manager
Find out how to become a property leasing manager. Research the education requirements and learn about the experience you need to advance your career in property management.
Should I Become a Property Leasing Manager?
$38,903 per year (2015 median salary for all leasing property managers)
Sources: U.S. Bureau of Labor Statistics, O*NET OnLine, Online Job Postings (July to August 2015), Payscale.com (July 2015)
Step 1: Get a College Degree
Many employers seeking property leasing managers desire or require job applicants with college degrees. Because employers have varying requirements and preferences, aspiring property leasing managers should consider whether a 2-year or a 4-year degree is more appropriate for them. Colleges and universities often have real estate specializations within their business administration or management programs that include courses designed for a career in property management, such as real estate principles, law and finance.
- Get relevant work experience while in school. An aspiring property leasing manager should consider work-study options while completing his or her degree. This can help build on the experience typically required for most positions. Taking advantage of any internship opportunities is another way to build professional experience.
- Develop strong written and verbal skills. Property leasing managers deal with tenants, potential tenants, staff and management on a regular basis and need to have clear and effective communication methods.
Students can hone their communication skills by taking courses in subjects like communications, public speaking, business writing and negotiation.
Step 2: Acquire Work Experience
Since most property leasing management positions require a candidate to have relevant work experience, students can enter the workforce as leasing consultants or representatives in order to work their way up to managerial roles. Students desiring professional certification also need to demonstrate work experience in order to meet qualifications. Additionally, some administrative positions at real estate or property management companies may have openings for candidates with little to no experience.
Step 3: Obtain Licensure
Aspiring property leasing managers should check with their state for specific requirements. For example, property community association managers in the state of Florida need to be formally licensed. In addition, those who manage federally-subsidized housing are required to be licensed. Licensure generally entails completing required education or training and successfully passing an examination.
Step 4: Consider Certification for Career Advancement
Certifications are available through a variety of associations, such as the Institute of Real Estate Management, which offers the Certified Property Manager designation. Earning certification shows potential employers a candidate's level of experience and expertise in the field and may provide career advancement opportunities. In order to qualify for certification, an individual needs to meet educational and experiential requirements, followed by successfully passing a series of examinations.Source: study.com