Property Management 101: What Degree Do You Need?

Property Management 101: What Degree Do You Need?

What degree is best for property management?

If you're considering getting into property management, you must understand that specific qualifications, certifications, and degrees are required. In this blog, we'll look in-depth at what degree is best for property management, how National Association of Realtors (NAR) certifications are essential, and what Buildium can do for property managers.

What Degree is Best for Property Management?

Generally speaking, most property management firms require that entry-level candidates have at least an associate’s degree in real estate or business. Those seeking a higher-level job will likely need a bachelor’s degree in real estate or business or a master’s degree. However, some firms may be willing to hire property managers without degrees as long as they have adequate experience and certifications, such as those offered by the National Association of Realtors (NAR).

National Association of Realtors (NAR) Certification Requirements

To become certified, property managers must complete the National Association of Realtors (NAR) Property Management Certification Program. This program includes courses on property management fundamentals, tenant relations, legal aspects of property management, and more. The program is usually completed online and can take anywhere from 12 weeks to several months.

Is a CPM Certification Worth It?

Yes, earning a Certified Property Manager (CPM) certification is a great way to showcase your knowledge and experience in property management. The National Association of Realtors (NAR) offers this certification. It requires applicants to have at least three years of experience in property management, as well as complete a comprehensive course on the fundamentals of property management.

What is Buildium Used For?

Buildium is a cloud-based software designed for property managers to help them manage their properties more efficiently. The software helps with everything from tenant screening and billing to maintenance requests and leases. It also features real-time analytics to track rental performance data, which can be used to make informed decisions about property management.

Where Do Property Managers Get Paid the Most?

Property managers typically get paid the most in larger cities, such as New York City or Los Angeles, where rent prices are higher, and there is more demand for property management services. In addition to location-based factors, salaries can vary greatly depending on experience level and certifications. See more here.

Is Property Management a Good Career Choice?

Being a property manager can be quite rewarding - not only financially but also professionally. With the right degree and certifications, property managers can earn a good salary while working in an industry they enjoy. Plus, property management provides ample opportunity for growth and advancement.

Understanding the Requirements to Become a Property Manager:

Becoming a property manager requires understanding the basics, such as the legal aspects of property management and tenant relations. National Association of Realtors (NAR) certifications are essential, and having them is often necessary when applying for jobs in property management. Additionally, cloud-based software like Buildium can be extremely helpful in managing properties efficiently. By understanding these requirements and getting the right degree or certification, you can make property management a rewarding career choice.