Friday January 31, 2025
Are you considering a career as a property manager but don’t exactly how to become a property manager? Start your research here!Property management isn’t just about overseeing properties, it's also a dynamic job that blends customer service, legal know-how, financial management, and marketing skills. It’s an exciting field with a lot of growth potential, especially if you enjoy working with people and solving problems. This also means open opportunities for those jacks of all trades out there.
This article breaks down everything you need to know to kick-start your career as a property manager, including step-by-step guidance, from required education and certifications to essential skills and job opportunities.
What does a property manager do?

These responsibilities often include:
- Resident relations: All resident relating issues will likely go under you, specifically handling inquiries, complaints, and lease agreements.
- Financial management: Overseeing rent collection, managing property expenses, and helping in preparing budgets. If you work in a community governed by a homeowner association (HOA), this will translate to your support and communication to board members during this process.
- Maintenance coordination: Helping the property remain in excellent condition by scheduling repairs and inspections.
- Marketing vacant properties: Advertising listings, showing properties to prospective tenants, and evaluating applications.
- Compliance: Protecting adherence to local, state, and federal regulations, including landlord-tenant laws.
Skills to succeed as a property manager
A successful property manager typically excels in a range of skills since their daily work has many different tasks. If you find yourself questioning how to further excel in this career, here’s what you’ll need:- Communication: Strong interpersonal skills are key. You’ll need to negotiate with future or current residents, contractors, and property owners while maintaining good relationships across the board.
- Financial management: Basic accounting knowledge can be helpful to manage budgets, rental income, and expenses.
- Legal knowledge: Familiarity with local landlord-tenant laws is a must to avoid disputes or legal trouble.
- Marketing: Property managers often need to market properties to attract quality tenants.
- Problem-solving: Every day in property management presents unique experiences and challenges, from handling tenant disputes to addressing maintenance emergencies, so a calm and resourceful approach is essential.
Education requirements for a property manager
What education do you need to be a property management?
The education required for a career in property management varies by state and employer, but here’s an overview:- High school diploma or equivalent: For most applicants, this is often the minimum level of education needed to start. However, higher qualifications can make your application stand out.
- Relevant degrees: A degree in business administration, real estate, or a related field can significantly benefit aspiring property managers since these programs cover essential skills like financial management, marketing strategies, and legal processes— all critical for the role.
- Pre-licensing real estate courses: Some states require property managers to hold a real estate license. This involves completing a state-approved pre-licensing course before passing an exam.
Certifications to consider
Many property managers enhance their credentials by obtaining certifications. Here are some of the most recognized options:- Certified Property Manager (CPM) by the Institute of Real Estate Management (IREM): Suitable for experienced managers overseeing larger portfolios.
- Residential Management Professional (RMP) by the National Association of Residential Property Managers (NARPM): Focused on managing residential properties.
- National Apartment Leasing Professional (NALP) by the National Apartment Association (NAA): This certification is ideal for those focused on leasing properties.
What types of properties are managed by property managers?
Property managers work in many types of properties which gives them the flexibility to specialize in the type that suits their specific interests:- Residential properties (apartments, single-family homes, condos)
- Commercial spaces (offices, retail stores, co-working spaces)
- Industrial properties (warehouses, manufacturing facilities)
- Community associations (HOAs, condo associations)
How to gain experience in property management
Breaking into the field usually takes some hands-on experience. One way to start is by working in customer-facing roles, such as customer service or administrative support. These positions help develop valuable people-management skills that transition well into property management. Another option is to seek entry-level positions, such as assistant property manager roles, where you’ll gain exposure to tenant relations, maintenance scheduling, and other key responsibilities while learning from senior professionals.Internships can also be a great way to get hands-on experience, as some real estate companies offer opportunities to work with leasing, contract management, and property marketing. Additionally, networking is essential—attending local real estate or property management events can help you connect with industry professionals and discover job leads.
How much do property managers make?
The salary for property managers can vary widely based on factors such as location, education, and experience. But entry-level property managers typically earn between $35,000 and $50,000 annually, while those with more experience often see salaries ranging from $55,000 to $75,000.Some positions, particularly those managing high-value commercial properties or large portfolios, can exceed the $100,000 ranges.
TIP: Obtaining professional certifications like Certified Property Manager (CPM) or Residential Management Professional (RMP) can help boost income by demonstrating expertise and increasing job opportunities.
Legal Requirements
Before pursuing a career in property management, it’s important to meet all legal requirements in your area. Some states, such as California and Florida, require property managers to hold a real estate license, which involves completing coursework and passing an exam.Many companies also require a clean background check as part of the hiring process. Additionally, certain states mandate a surety bond, which serves as insurance for client funds. Reviewing you meet these prerequisites will set you up for a strong start in the field.
Finding a job in property management
Once you're prepared, landing your first job as a property manager becomes the next challenge to tackle. Start by:- Exploring online job boards: Websites like LinkedIn, Indeed, and Glassdoor frequently list property management roles.
- Contact real estate agencies: Local real estate agencies often seek property managers or assistants.
- Get in touch with property management firms: Larger firms that handle multiple assets usually have opportunities for managers.
- Join networking groups: Joining organizations like the NARPM or IREM can provide job leads and mentorship.
Is property management right for you?
Like any career, property management has its ups and downs. On the plus side, it’s a fast-paced, versatile role where no two days are the same. There’s plenty of room for growth, whether you’re interested in real estate, property investment, or moving into higher management. Plus, there's a high potential for an increase in earnings since there’s always demand for skilled professionals. Of course, the job comes with challenges—handling tenant disputes can be stressful, and being on call for emergencies may sometimes interrupt personal time. But for those who enjoy problem-solving, building relationships, and making a tangible impact on communities, property management can be an incredibly fulfilling career.Take the first step toward your property management career
Becoming a property manager is an exciting opportunity to combine practical skills with people-oriented work. With the right education, certifications, and experience, you’ll be ready to launch a rewarding career that offers stability and growth.Looking to start your journey as a property manager? Explore diverse work opportunities at FirstService Residential.