How to become a Property Manager

Property managers manage and supervise the letting of commercial, residential, industrial and retail rental properties on behalf of their owners.

Personal requirements of a Property Manager

  • Good communication and negotiation skills
  • Good presentation and a pleasant manner
  • Able to work independently
  • Excellent organisational skills and attention to detail
  • Good working knowledge of the local area

Education & Training for a Property Manager

To become a property manager, you usually have to complete a nationally accredited short course in real estate or property services, or a VET qualification in property services, specialising in real estate or agency. As subjects and prerequisites can vary between institutions, you should contact your chosen institution for further information. You can also become a property manager through a traineeship in Property Services (Real Estate) or Property Services (Agency). Entry requirements may vary, but employers generally require Year 10. For more details, see Section 2. Ask your career adviser about the possibility of starting some of this training in school.

Duties & Tasks of a Property Manager

Property managers may perform the following tasks:

  • market vacant properties for lease and organise viewing sessions for prospective tenants
  • perform background checks of references, employment and rentals before selecting suitable tenants
  • negotiate lease terms and conditions and ensure that they are observed
  • collect and hold bond and rent monies from tenants
  • manage other accounts and finances such as insurance and budget requirements
  • arrange and perform regular property inspections
  • monitor property condition and arrange for maintenance or repair
  • advise on market rents and conduct rent reviews to assess the current rental price
  • represent property owners at residential tribunal hearings.

Working conditions for a Property Manager

Property managers often work irregular hours, including weekends. This occupation involves a great deal of contact with the public and with associated professionals, such as builders, plumbers and electricians.

Employment Opportunities for a Property Manager

Property managers often work in the residential sector, but are also employed by corporations and financial institutions in areas such as retail and industrial property. Employment opportunities for this occupation vary depending on the state of the real estate industry. The property market is very sensitive to the general state of the economy and factors such as government policy and interest rates.

Additional Information
Property managers need to register with the relevant board or department in their state or territory. To be eligible for registration, you usually need to complete an accredited training course and be 18 years old or over. You may also need to provide a National Police Certificate.
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