Careers in Property Management

Rental property management is among those industries listed as «recession-proof.»  And as the economy lags for a while in 2024, professionals here are enjoying worry-free, in-demand, high-paying positions as residential property management pros.

Demand for good professionals is high, with staffing shortages abounding. A well-trained, creative talent, can help cut costs and raise revenues. Trained with the latest software, property managers can have a major influence on rental property success — something owners are expecting.

Gaining Experience is Essential

Like any industry, opportunities abound at the entry-level, yet as new managers gain experience and tech savviness, they become very productive.  Salaries rise substantially making it the ideal career choice for those seeking a dynamic position, where they’re not sitting behind a desk.

Senior Property Manager Salary. Image: Salary.com

If you’re interested, you can look for jobs listed in various employment portals, review property management job descriptions, review education and certification requirements, and get in touch with local property management companies to learn their current staffing requirements.

Residential Area Property Manager Salary. Image: Salary.com

Investors Value their Rental Income Assets

Property owners/investors take their assets and income seriously and want capable staff to help them maximize their earnings. This industry has an excellent salary and growth outlook.

In 2024, property management is an in-demand career with high pay which is evolving via high tech software tools. Many of the positions, as you can see below, are in beautiful US cities. The positions are dynamic, people-oriented, tech-enabled, and interesting.

That might make it a winning opportunity in every respect for you as you seek a productive career, and not just a dead-end job.

Property Management Job Description

Property managers plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. — BLS.gov

Finding a Good Property Management Job

There are a variety of job search and listing websites such as Indeed.com, Monster.com, and Linkedin. Where you hunt for a position is important to the quality of jobs and companies you’ll find.

The National Association of Property Managers (NARPM) is another good source of job openings. Sharpening up your Linkedin profile and networking strongly on that social platform is wise. Review other property manager profiles on Linkedin.  Read the job descriptions used by successful property managers and you’ll discover the key points that need to be in yours.

You can run Linkedin ad campaigns to showcase yourself and your skills. Write some posts and begin establishing your brand as a new property management professional.

Salaries for Property Managers

The employment growth outlook is better than average and as these graphics reveal, the salaries and locations are desirable.

Property Management States with Highest Employment. Screenshot courtesy of BLS.gov

According to the Bureau of Labor Statistics in its occupational outlook handbook, the median pay for the real estate management sectors is $58,000 per year. Of course, experienced managers have earnings above $100,000 per year.

Property Management States with Highest Salary. Screenshot courtesy of BLS.gov

The job growth outlook for the next ten years for all occupations is 5%, however it is 7% for the real estate management sector. The typical entry level education is a high school diploma and a real estate or property management license is increasingly preferred. The number of jobs in the field in 2018 was 363,000.

Cities Highest Employment Levels – Property Management. Screenshot courtesy of BLS.gov

Specific cities are meccas for property management.

Cities with Highest Property Management Salaries. Screenshot courtesy of BLS.gov

Most property management staff work out of an office, however due to technology and tight office space, more are becoming mobile workers.

Property Manager Aptitude Test

You can take an aptitude test (as a guide) online. It will uncover basic strengths and weaknesses and whether you might fulfill the role well.

Property Managers Aptitudes – Screenshot courtesy of Resource associates.

Look into property management training and certification courses, as they can accelerate your career. Attend the closest property management conventions in 2024. And of course, adopt a good cloud-based property management software solution to give you total command over your work.

Learn more about property management jobs.

Learn more about evaluating and purchasing ManageCassa Property Management software.

ManageCasa is an elegantly simplified property management software, perfect for small business landlords and small property management companies. See the full list of features.

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