Turn your natural organisational and management skills into an exciting new career by studying a property management course.
What do property management graduates do?
After completing a property management course, you’ll likely work as a property manager. Property managers manage and monitor all aspects of the property management process, from managing applications for tenancies, to collecting rent and assisting tenants with enquiries and issues, to pursuing evacuations if necessary.
You can expect to perform tasks such as:
- Researching market trends and forecasts;
- Meeting with prospective tenants to assess their needs and identifying appropriate properties or businesses;
- Coordinating and organising open houses, meetings, inspections and showings;
- Assisting with prospective tenants to complete rental applications;
- Meeting with homeowners to assess and identify property management needs and plans;
- Accepting and listing properties and businesses for lease;
- Drafting rental contracts and specifying the terms of such agreements;
- Cataloguing and detailing land, buildings and businesses for lease and arranging advertising;
- Developing strategic marketing plans for advertising properties for lease and consulting with creative stakeholders;
- Monitoring, managing and addressing tenants’ compliance with lease terms;
- Collecting rent and paying relevant dues and fees;
- Managing property repairs and maintenance, including liaising with repair workers;
- Liaising with clients to answer questions, provide information and resolve problems;
- Pursing rental arrears; and
- Preparing reports and documentation for homeowners.
You’ll thrive working in property management if you:
- Are highly organised and motivated
- Are a natural leader
- Have excellent administrative skills
- Love working with people
- Have excellent communication and interpersonal skills
- Are proactive and autonomous
- Enjoy problem-solving
- Like taking responsibility
- Are enterprising and persistent
- Work well with details
- Want a fast-paced and people-focused job
- Want to help people with your work
According to the Australian Government’s Job Outlook, the property sector is large and growing. Employing approximately 88,900 people, the sector has grown consistently since 2005, with very high growth over the past two years, and Job Outlook predicts that trend will continue until at least 2020. Job Outlook predicts approximately 10,000 new real estate professionals will be needed by 2020, indicating the broad availability of roles in the sector across Australia, and the relative security of employment in property management roles.
According to PayScale, property managers can expect to earn between $38,000 and $70,000 per year, with an average salary of approximately $49,000 per year. Up to half of a property manager’s salary may come from bonuses and commissions, in addition to a base salary.
PayScale notes that while earning capacity increases in line with experience, entry-level property managers can expect to command a competitive salary, with managers who have fewer than five years of experience earning on average $45,000 per year. Property managers with 20 years or more of experience earn on average approximately $57,000 per year.