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An apartment manager often assumes responsibility for keeping the costs of maintaining the property within a landlord's budget and overseeing day-to-day accounting matters. He might be in charge of utility, tax and mortgage payments, as well as wages paid to contractors and employees.

Because the property manager is familiar with the actual costs of maintaining the apartment, he might advise the landlord on setting rents and other tenant fees. The U. Job growth for this profession is predicted to be slow, with only a 6 percent increase in jobs anticipated between and That compares to a projected growth rate of 14 percent for all occupations.

Property Manager

Lainie Petersen writes about business, real estate and personal finance, drawing on 25 years experience in publishing and education. She holds a master's degree in library science from Dominican University.

Skip to main content. Property Maintenance An apartment manager ensures that rental properties and individual units are compliant with local and state building codes as well as standards dictated by landlord-tenant laws and tenant leases.

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Tenant Management Landlords rely on property managers to recruit new tenants and respond to the needs and concerns of current tenants. Rent Collection Property managers collect rent payments from tenants and record them in financial records.

Finances An apartment manager often assumes responsibility for keeping the costs of maintaining the property within a landlord's budget and overseeing day-to-day accounting matters. Salary and Job Outlook The U. References 5 U. About the Author Lainie Petersen writes about business, real estate and personal finance, drawing on 25 years experience in publishing and education.


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Accessed 09 July Petersen, Lainie. Duties of an Apartment Manager. However, as an entry-level employee, you will likely be working under the supervision of someone with either a real estate brokers license or property managers license. Most states do not require a license for entry-level activities performed under supervision by a leasing agent. You should also take advantage of your Property Management company's training programs wherever possible, these are often free and an invaluable resource for someone new to the industry or even experienced managers.

Not only will these programs give you the needed skills for your day-to-day tasks, but they may prove very useful once you seek further formal certifications. The last certification MPM is really the highest designation a manager can achieve and is usually attained to distinguish you from your competitors while being a helpful certification for starting your own Property Management Company.

A leasing professional is often the first people prospective renters meet and may be referred to as Assistant Property Managers. The National Apartment Leasing Professional NALP certification is intended to teach new property managers the skills they need to become more proficient and effective at their jobs. In order to obtain the NALP certification, all candidates must complete the following:.


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This certification is targeted at onsite managers who are often the only property managers apartment residents will deal with on a daily basis. You will be the onsite authority of your management company and the representative of the community owners and investors. In order to obtain the CAM certification, all candidates must complete the following:.

Top 10 activities or functions required;. The pre-requisites for this certification will largely be satisfied by the prior criteria of the CPM certification. With the additional requirement of:.

1. Sets rent rates

According to salary. And for the more seasoned and qualified managers, Salary. What you earn will depend on a few factors;. You'll most likely have to apply with a real estate broker or property management company for an entry-level position such as a leasing agent working under the supervision of a property manager. Some points to be aware of;.

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What does a property manager do?

For these entry-level positions, a high-school education is adequate and most won't require a college degree. However, if you have a bachelors degree in business administration, real estate, accounting, public administration or finance, the likelihood of you being hired and subsequent compensation improves dramatically. Your state will not likely require you have a real estate license when you are starting out in your career as a leasing agent since you will be working under the broker's license of your employer.