Becoming a property manager isn’t always easy but there are many perks that come with it such as higher income potential and flexible hours. There are also some downsides like long work hours and unpredictable schedules which can make balancing your personal life difficult. The decision is ultimately up to you whether or not being a property manager is right for you.
Property managers are an integral part of the real estate world, and they’re constantly in demand. The job requires strong organizational skills and the ability to juggle many tasks at once.
If you think that sounds like something you’d be good at, here are some tips on getting started as a property manager:
1. Get an entry-level job in a real estate agency
If you’re new to the industry, get an entry-level position with a property management firm. Some companies will train you on the job while others will want to see some experience under your belt before hiring you full time.
Find an Australian real estate agency that offers property management services. After finding the right agency, make sure they know your skills and qualifications as a potential candidate for their company.
2. Take a course on property management
There are many courses available to help you learn more about property management. Courses will teach you the basics of managing rental properties, screening tenants, evictions, and much more. You can find courses offered by industry associations or online at sites like PropertyManagerOnline.
3. Build your knowledge by reading books and magazines on the topic
Reading is a great way to build your knowledge and improve your expertise as a property manager. Australia has many books that you can purchase or borrow from libraries that will help you learn more about starting and running a successful real estate business.
4. Get involved with industry associations
Joining an industry association such as the Real Estate Institute of Australia (REIA) is a great way to learn more about the industry. You’ll make connections with other professionals in the field, and you can attend workshops covering current issues in property management.
5. Get your real estate license
In order to become a fully-fledged property manager, you’ll need to get your real estate license. Your local state or territory typically offers courses that teach you the material required to pass the exam on real estate law and best practices for working with buyers and sellers of properties.
6. Network within the community
Mingle with local real estate agents and landlords and keep your ear to the ground for any available opportunities. You can also attend open houses and property auctions to meet new people and expand your network of contacts.
As a property manager, you’ll be in charge of overseeing and maintaining the properties your company owns. Your duties will vary depending on the type and size of properties you manage.
If you’re looking to become a property manager in Australia, use the platform Biownr is something worth considering. This way, instead of hiring a real estate agent and paying commission fees on your home sale price, you can list your home yourself on this site for free! This is an easy solution that will save you money while also giving you more control over how much time it takes to sell your house.