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As property managers are responsible for the efficient management of real estate on behalf of the owners, their job involves a lot of responsibility. They perform a great variety of tasks and are, amongst others, in charge of finding suitable tenants. Read on to learn more about the profession of property managers.
It is no secret that the construction and real estate industry is booming. While the lack of housing in urban areas in particular contributes to an increasing demand for property managers, managers for commercial properties are highly sought-after, too. The maintenance of existing buildings is and will remain a highly relevant activity, as the energy-oriented renovation of buildings and the increasing digitalisation pose great challenges to owners, resulting in a high demand for qualified property managers.
Property managers can be responsible for all areas of building management, i.e. for technical as well as for commercial aspects. The exact tasks to be performed depend on the type of real estate and on the owner’s instructions: property managers working for large housing associations will have different responsibilities than those working for small owner communities or individual owners. The tasks of property managers may comprise:
There are several ways to qualify as a property manager. Various universities offer undergraduate courses in facility management and real estate economics. These courses provide all skills necessary to work as a property manager, even at management level. Other ways to qualify as a property manager are to complete a further training course at a chamber of commerce and industry or to do an apprenticeship to become a real estate management assistant or a real estate specialist. Regardless of the type of training, property managers must have the following skills:
The salary of property managers depends on their educational background, on the region as well as on the specific position they work in. On average, the annual salary of property managers amounts to at least EUR 35,000. With increasing experience, their salary may rise to EUR 50,000 or more. Freelance property managers earn about EUR 50 per hour, depending on their specific tasks.
As a property manager, you have a varied and interesting job and are not limited to standard office duties. We will support you in finding your perfect job in an exciting company. Learn more about the benefits of finding a job with Hays!
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