The designs, physical condition, financial management, alteration applications, leasing and rent collection are just some of the many aspects of any property that must be co-ordinated through the property manager. The decisions made concerning these aspects will all affect the property’s present and future investment value.
What can graduates expect from a job in property management?
New graduates often have lots of responsibility early on, such as meetings with clients and preparing reports. Familiarity with different types of leases, as well as current property legislation, will be crucial. You should also expect long-term contractual relationships with clients and be able to stand firm when faced with difficult tenants, owners or contractors.
Work varies according to the size of the organisation for which you work. You could get involved in facilities management or asset management, for example, if there are no separate teams covering these areas.
Would a career in property management suit me?
Property management suits those who can think quickly and creatively and who are adept at problem solving and communicating with many groups of people. Careful attention to detail, along with strategic and critical thinking, is also essential. Working in property management will allow you to learn the fundamentals of the entire industry in addition to providing great variety in your roles, projects and clients.
Essential skills for graduates planning careers in property management
- The ability to think quickly and creatively
- A good eye for detail
- Confidence working in challenging situations.