What does a property management internship do?
Property management interns are student trainees who gain working experience in the field of property management. These interns are required to prepare comparative analysis and develop marketing strategies that can promote commercial real estate properties. They must provide tenant customer service to people with various backgrounds by responding quickly to their needs and requests. They must assist in providing professional tours by scheduling appointments with prospective residents. Property management interns must also work with senior property managers to manage budgets and financial statements.
Property management internship responsibilities
Here are examples of responsibilities from real property management internship resumes:
- Manage condominiums for individual investors; enforce lease requirements/community policies.
- Execute trademark knock out searches on the USPTO website to vet potential words and marks for advertising campaigns.
- Used property management software (MRI) to track renovation progress and create status reports for on-site company employees.
- Perform trademark searches on the USPTO website to assess the similarity of propose sub-brands of DKNY to existing marks.
- Resolve high-priority logistics, supply, distribution, information or service problems through personal action or immediate coordination with agency activities.
- Perform all the daily duties of a Walgreens manager which include daily and weekly projects.
Property management internship skills and personality traits
We calculated that 27% of Property Management Interns are proficient in Customer Service, Real Estate, and Yardi. They’re also known for soft skills such as Customer-service skills, Listening skills, and Organizational skills.
We break down the percentage of Property Management Interns that have these skills listed on their resume here:
- Customer Service, 27%
Managed front desk-answered phones, posted payments, provided customer service to walk-in customers.
- Real Estate, 21%
Completed an economic and demographic research project that analyzed potential markets for real estate development for an international investment house.
- Yardi, 11%
Gained knowledge of Yardi and other PM software.
- Portfolio, 7%
Market Potential Evaluation: Researched business development and strategic opportunities for intellectual property portfolio and out-licensing opportunities.
- Phone Calls, 6%
Handle all incoming phone calls from tenants and process maintenance requests.
- PowerPoint, 6%
Created PowerPoint presentations used for business development and marketing purposes.
"customer service," "real estate," and "yardi" are among the most common skills that property management interns use at work. You can find even more property management internship responsibilities below, including:
Customer-service skills. One of the key soft skills for a property management internship to have is customer-service skills. You can see how this relates to what property management interns do because "property, real estate, and community association managers must provide excellent support to keep existing clients and expand their business with new ones." Additionally, a property management internship resume shows how property management interns use customer-service skills: "obtain knowledge on resident service requests, ensuring great customer service with a 24 hour follow up. "
Listening skills. Another soft skill that's essential for fulfilling property management internship duties is listening skills. The role rewards competence in this skill because "property, real estate, and community association managers pay attention to residents and proprietors in order to understand and meet their needs." According to a property management internship resume, here's how property management interns can utilize listening skills in their job responsibilities: "prospected potential clients for real estate transactions and communicated with management to schedule client appointments. "
Organizational skills. This is an important skill for property management interns to perform their duties. For an example of how property management internship responsibilities depend on this skill, consider that "property, real estate, and community association managers must be able to plan, coordinate, and direct multiple contractors at the same time, often for multiple properties." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a property management internship: "allowed me to use data analysis, business management, financial, marketing and organizational skills. ".
Communication skills. For certain property management internship responsibilities to be completed, the job requires competence in "communication skills." The day-to-day duties of a property management internship rely on this skill, as "property, real estate, and community association managers must understand contracts and must be able to clearly explain the materials and answer questions raised by residents, board members, or service providers." For example, this snippet was taken directly from a resume about how this skill applies to what property management interns do: "implemented communications strategy and conducted market research for property management firm with focus on vacation real estate. "
Interpersonal skills. Another crucial skill for a property management internship to carry out their responsibilities is "interpersonal skills." A big part of what property management interns relies on this skill, since "property, real estate, and community association managers interact with different types of people every day." How this skill relates to property management internship duties can be seen in an example from a property management internship resume snippet: "displayed excellent interpersonal, communication and customer service skills. "
Problem-solving skills. While "problem-solving skills" is last on this skills list, don't underestimate its importance to property management internship responsibilities. Much of what a property management internship does relies on this skill, seeing as "property, real estate, and community association managers must be able to mediate disputes or legal issues between different groups of people, such as residents and board members." Here is a resume example of how this skill is used in the everyday duties of property management interns: "performed property inspections, acted as a liaison with residents and resolved conflicts. "
The three companies that hire the most property management internships are:
- Menards18 property management interns jobs
- Walgreens3 property management interns jobs
- General Dynamics2 property management interns jobs
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Compare different property management interns
Property management internship vs. Leasing consultant
A Leasing Consultant specializes in helping property owners secure tenants for their rental properties. Most of the responsibilities include coordinating with landlords to find suitable occupants, posting rental notices and advertisements on various platforms, and monitor the quality of every rental property. Furthermore, Leasing Consultants must ensure that the tenants will be able to uphold the leasing agreements by screening potential applications through particular requirements, evaluating and verifying the applicant's documentation, and negotiating the contract terms.
These skill sets are where the common ground ends though. The responsibilities of a property management internship are more likely to require skills like "real estate," "portfolio," "powerpoint," and "administrative tasks." On the other hand, a job as a leasing consultant requires skills like "property management," "data entry," "product knowledge," and "apartment homes." As you can see, what employees do in each career varies considerably.
Leasing consultants earn the highest salaries when working in the finance industry, with an average yearly salary of $33,561. On the other hand, property management interns are paid more in the finance industry with an average salary of $31,857.On average, leasing consultants reach similar levels of education than property management interns. Leasing consultants are 3.9% less likely to earn a Master's Degree and 6.1% less likely to graduate with a Doctoral Degree.Property management internship vs. Leasing agent
A leasing agent primarily works to assist and represent property owners when finding and managing tenants. They are in charge of advertising and promoting the properties in different areas or platforms, developing marketing strategies, coordinating with applicants, gathering their requirements, verifying the applicants' paperwork and references, and negotiating leasing terms. Moreover, a leasing agent also acts as the landlord because they serve as the tenants' point of contact regarding issues and concerns, conduct property inspections, and manage the properties' maintenance operations, coordinating with the owners regularly.
In addition to the difference in salary, there are some other key differences worth noting. For example, property management internship responsibilities are more likely to require skills like "real estate," "portfolio," "phone calls," and "powerpoint." Meanwhile, a leasing agent has duties that require skills in areas such as "property management," "rent payments," "background checks," and "apartment homes." These differences highlight just how different the day-to-day in each role looks.
Leasing agents earn a higher average salary than property management interns. But leasing agents earn the highest pay in the retail industry, with an average salary of $36,389. Additionally, property management interns earn the highest salaries in the finance with average pay of $31,857 annually.Average education levels between the two professions vary. Leasing agents tend to reach similar levels of education than property management interns. In fact, they're 4.2% less likely to graduate with a Master's Degree and 6.1% less likely to earn a Doctoral Degree.Property management internship vs. Building manager
Building managers are executives who oversee the maintenance and safety of properties and make sure that these properties comply with the organization's goals. The managers coordinate and manage the safety, security, and maintenance of the general building. They are tasked to supervise janitorial staff in cleaning the building. It is their responsibility to keep organized and clear records related to security issues and occupant complaints. They should be equipped with organizational skills, attention to detail, and communication skills.
The required skills of the two careers differ considerably. For example, property management interns are more likely to have skills like "customer service," "real estate," "yardi," and "portfolio." But a building manager is more likely to have skills like "building maintenance," "emergency situations," "hvac," and "quality customer service."
Building managers earn the best pay in the real estate industry, where they command an average salary of $74,028. Property management interns earn the highest pay from the finance industry, with an average salary of $31,857.building managers typically earn similar educational levels compared to property management interns. Specifically, they're 1.3% less likely to graduate with a Master's Degree, and 5.9% less likely to earn a Doctoral Degree.Property management internship vs. Communications manager
A communications manager is responsible for overseeing a company or organization's public relations by devising various strategies and finding new opportunities. They must craft and produce marketing materials such as campaigns, advertisements, newsletters, social media engagements, and press releases to shape and improve a brand or company. Furthermore, a communications manager must accomplish administrative tasks such as preparing reports and necessary documentation, reaching out to advertisers, leading communication letters, and coordinating with marketing personnel from other departments.
Even though a few skill sets overlap between property management interns and communications managers, there are some differences that are important to note. For one, a property management internship might have more use for skills like "real estate," "portfolio," "phone calls," and "administrative tasks." Meanwhile, some responsibilities of communications managers require skills like "property management," "project management," "press releases," and "web content. "
The average resume of communications managers showed that they earn similar levels of education compared to property management interns. So much so that theyacirc;euro;trade;re 4.9% more likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 5.7%.Types of property management internship
Updated January 8, 2025
