How To Build A Successful Property Management Career With No Monetary Investment

You don't need to have a lot of liquid assets to get started in a property management career. You can start out with nothing and build your property management career by using the following advice. The key is to find someone who has made the investment in rental and lease properties and offer your skills and time to manage this investment. You save the owner the headache of dealing with tenant issues, and you build your reputation as a property manager so you can take on multiple properties, or move up to more prestigious properties.

Find a Job Locally

If you live in an urban area, you can likely do a search of the major job listing websites and find property management position openings. These jobs are great if you want to stay in your current area. You may also benefit from this if you have made a lot of local contacts through your networking endeavors and can get hired based on your good name. 

Find a Job Across the Country

There are several websites that connect property owners with potential property manager candidates. Most of these positions will allow you to interview via an online phone call, so the hiring manager or property owner can have a face-to-face conversation with you, regardless of where you live. Major property owners may be willing to pay your expenses to fly to where they are, so you can interview in person and they can get a feel for your demeanor. These jobs are great if you want a change and want to see other areas of the country that you might not be able to see on your own.

Complete Your Degree and Certification

The large majority of property manager positions require only a high school diploma or equivalent, so nearly anyone can apply. However, an advanced degree in business, management, or a related field is helpful to put you out ahead of the rest of your competition. You should also consider getting your certification in property management. Consider taking online classes toward these goals so you can keep up with your coursework no matter where you end up. When you decide to apply for property management positions at more upscale properties, this degree will help you stand out in a sea of applicants.

Most property managers are paid a salary, plus provided with housing if the owner requires them to live on-site. There are also other perks, such as insurance, retirement plans, and paid vacation, depending on where you locate an open position. The key to becoming successful in this career field is your ability to stay flexible and be willing to accept change.