If you have ever put your real estate property on lease or if you have ever taken out a lease on a property in the market, you have interacted with real estate professionals. You may not have realized it, but aside from their main responsibility of closing deals, these professionals actually handle a lot of administrative activities. One of these administrative activities is related to handling tasks related to the lease, and those who specialize in these tasks are called lease administrators.
Lease administrators are real estate professionals who manage the administrative activities related to leasing. They manage the paperwork involved in the deals, and they ensure that these documents are properly read through by the parties. They also ensure that all documents are legal and will not have any negative implications for any of the parties involved. In addition, lease administrators manage the financial aspect of the deals, ensuring that leases are properly paid on time. They are also in charge of processing all of these to meet specific timelines.
If you are interested in a career in real estate, this is one option for you. In this role, you must be organized and trustworthy.
There is more than meets the eye when it comes to being a lease administrator. For example, did you know that they make an average of $23.51 an hour? That's $48,902 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 26,500 job opportunities across the U.S.
There are certain skills that many lease administrators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed customer-service skills, interpersonal skills and listening skills.
When it comes to the most important skills required to be a lease administrator, we found that a lot of resumes listed 13.6% of lease administrators included lease administration, while 10.9% of resumes included lease agreements, and 8.4% of resumes included property management. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the lease administrator job title. But what industry to start with? Most lease administrators actually find jobs in the retail and finance industries.
If you're interested in becoming a lease administrator, one of the first things to consider is how much education you need. We've determined that 52.1% of lease administrators have a bachelor's degree. In terms of higher education levels, we found that 4.1% of lease administrators have master's degrees. Even though most lease administrators have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a lease administrator. When we researched the most common majors for a lease administrator, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on lease administrator resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a lease administrator. In fact, many lease administrator jobs require experience in a role such as administrative assistant. Meanwhile, many lease administrators also have previous career experience in roles such as property manager or office manager.