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Become A Senior Property Manager

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Working As A Senior Property Manager

  • Making Decisions and Solving Problems
  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Resolving Conflicts and Negotiating with Others
  • Organizing, Planning, and Prioritizing Work
  • Unpleasant/Angry People

  • Mostly Sitting

  • $55,380

    Average Salary

What Does A Senior Property Manager Do

A Senior Property Manager is responsible for the administration of property operations and the leasing office. They ensure that property management runs smoothly and profits are maximized.

How To Become A Senior Property Manager

Although many employers prefer to hire college graduates, a high school diploma or equivalent is enough for some jobs. Some managers receive vocational training. Other managers must have a real estate license.

Education

Many employers prefer to hire college graduates for property management positions, particularly for offsite positions dealing with a property’s finances or contract management. Employers also prefer to hire college graduates to manage residential and commercial properties. A bachelor’s or master’s degree in business administration, accounting, finance, real estate, or public administration is preferred for commercial management positions. Managers of commercial properties and those dealing with a property’s finances and contract management increasingly are finding that they need a bachelor’s or master’s degree in business administration, accounting, finance, or real estate management, especially if they do not have much practical experience.

Work Experience in a Related Occupation

Experience in real estate sales is a good background for onsite managers because real estate salespeople also show commercial properties to prospective tenants or buyers.

Licenses, Certifications, and Registrations

Real estate managers who buy or sell property must have a real estate license in the state in which they practice. In a few states, property and community association managers must also have a real estate license. Managers of public housing subsidized by the federal government must hold certifications.

Property, real estate, and community association managers working in Alaska, Colorado, California, Connecticut, Florida, Georgia, Illinois, Nevada, Virginia, and the District of Columbia are required to obtain professional credentials or licensure. Requirements vary by state, but many managers working in states without requirements still obtain designations to show competence and professionalism. BOMI International, the Community Associations Institute, the Institute of Real Estate Management, the National Association of Residential Property Managers, and the Community Association Managers International Certification Board all offer various designations, certifications, and professional development courses. Most states require recertification every 2 years.

In addition, employers may require managers to attend formal training programs from various professional and trade real estate associations. Employers send managers to these programs to develop their management skills and expand their knowledge of specialized fields, such as how to operate and maintain mechanical systems in buildings, how to improve property values, insurance and risk management, personnel management, business and real estate law, community association risks and liabilities, tenant relations, communications, accounting and financial concepts, and reserve funding. Managers also participate in these programs to prepare themselves for positions of greater responsibility in property management. With related job experience, completing these programs and receiving a satisfactory score on a written exam can lead to certification or the formal award of a professional designation by the sponsoring association. 

Advancement

Many people begin property management careers as assistant managers, working closely with a property manager. In time, many assistants advance to property manager positions.

Some people start as onsite managers of apartment buildings, office complexes, or community associations. As they gain experience, they may advance to positions of greater responsibility. Those who excel as onsite managers often transfer to assistant offsite property manager positions, in which they gain experience handling a broad range of property management responsibilities.

The responsibilities and pay of property, real estate, and community association managers increase as these workers manage more and larger properties. Property managers are often responsible for several properties at a time. Some experienced managers open their own property management firms.

Important Qualities

Customer-service skills. Property, real estate, and community association managers must provide excellent customer service to keep existing clients and expand their business with new ones.

Interpersonal skills. Because property, real estate, and community association managers interact with people every day, they must have excellent interpersonal skills.

Listening skills. Property, real estate, and community association managers must listen to and understand residents and property owners in order to meet their needs.

Organizational skills. 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.

Problem-solving skills. Property, real estate, and community association managers must be able to mediate disputes or legal issues between residents, homeowners, or board members.

Speaking skills. Property, real estate, and community association managers must understand leasing or rental contracts and must be able to clearly explain the materials and answer questions raised by a resident or group of board members.

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Senior Property Manager jobs

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Real Senior Property Manager Salaries

Job Title Company Location Start Date Salary
Auto and Property Pricing and Portfolio Management Senior AN National Union Fire Insurance Company of Pittsburgh, Pa. Berkeley Heights, NJ Nov 04, 2016 $90,000
Senior Property Manager Maloney Properties, Inc. Boston, MA Jun 28, 2012 $88,025
Property/Casualty Senior Ernst & Young LLP Los Angeles, CA Jul 22, 2010 $82,555 -
$137,000
Senior Property Manager New York City Management LLC New York, NY Feb 02, 2013 $75,000

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Top Skills for A Senior Property Manager

PortfolioOccupancyRateVacantUnitsSquareFeetEnsureCompliancePropertyManagementPropertyOwnersIncomeRealEstateMonthlyVarianceReportsAnnualBudgetsAssetManagementCustomerServiceSuperviseOfficeBuildingsOversightTenantRelationsMaintenanceStaffDueDiligenceHUD

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Top Senior Property Manager Skills

  1. Portfolio
  2. Occupancy Rate
  3. Vacant Units
You can check out examples of real life uses of top skills on resumes here:
  • Managed an industrial portfolio of approx.
  • Improved occupancy rate from 0% to 100% within the first three months of opening the property.
  • Maintain curb appeal by walking/inspecting property and vacant units.
  • Direct management for multiple commercial properties totaling approximately 1.6 million square feet of industrial, retail and office space.
  • Reviewed architectural plans to ensure compliance of specifications with contractors on multiple construction and renovation projects.

Top Senior Property Manager Employers

Senior Property Manager Videos

Fletchers Property Management - Julia Zorzut - Senior Property Manager

A Day In the Life of a Property Manager.

A Typical Day in the Life of a Property Manager

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