Based on 2,600 responses, the job of Property Manager has received a job satisfaction rating of 3.91 out of 5. On average, Property Managers are highly satisfied with their job.
Q: What is it like working as a Property Manager?
"Property Management Can Be Great With The Right Company."
Pros: Working with the tenants over a long period of time, the apartment building becomes almost family like. Starting with leasing, people are usually excited about moving to a new place, although moving itself is stressful, generally the first step is very pleasant. After the tenants move in, it's nice getting to know them, usually and pretty much a pleasant experience. After the tenants have lived there for a while, you become very familiar, you bond with your tenants. When the tenants move out, it is usually if they get another job, or relocate to another school, or purchase a home, so they usually leave on good terms and they are excited for the future!
Cons: If you have more than one vacancy at any given time, you could very well lose your job. Sometimes a client will apply for an apartment, and you think it will be a perfect fit, a great addition to the building, and their application is declined. Eventually you will get a crazy tenant with mental health, or drug issues, and that is always horrible. Sometimes tenants you really care about will lose the job or have some sort of calamity and you'll have to evict them, not fun at all. There is an extremely high amount of paperwork in this job, so much so, I believe that we are the only industry that still uses fax machines on a daily basis. If you are hired by the wrong company, you will be under paid, and your tenants will be cheated.
"This Is An All Encompassing Profession."
In this field you will do anything and everything. Your biggest challenge will be managing expectations of owners and renters.
"Lots Of Hours, You Wear Lots Of Different Hats And Is Very Stressful."
Although this job allows schedule flexibility, you are on call 24/7. You wear many different hats in that you are responsible for tenant and landlord relations, you also prepare annual budgets and forecasts, plan shopping center marketing, spent a lot of time in your car driving from center to center and walking property. You determine property maintenance requirements, negotiate contracts with maintenance vendors and supervise vendor work.
Pros: Autonomy, flex work schedule.
Cons: Continuing education lack of reimbursement.
"You have to like people."
Expect to work hard, but it's enjoyable.
A property manager or estate manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so. The property may be individual title owned or it may be owned under sectional title, share block company owned and may be registered for residential, commercial office and retail or industrial use.
"Knowledgeable in the field."
Be patient with your Tenants.