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{"id":129,"date":"2023-05-27T19:34:00","date_gmt":"2023-05-27T19:34:00","guid":{"rendered":"https:\/\/www.wimmercommunities.com\/blog\/2024\/03\/20\/interested-in-a-career-in-multi-family-heres-what-you-need-to-know\/"},"modified":"2024-03-26T16:52:57","modified_gmt":"2024-03-26T16:52:57","slug":"interested-in-a-career-in-multifamily-heres-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.wimmercommunities.com\/blog\/2023\/05\/27\/interested-in-a-career-in-multifamily-heres-what-you-need-to-know\/","title":{"rendered":"Interested In A Career In Multi-Family? Here\u2019s What You Need To Know."},"content":{"rendered":"
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Finally, the world of property management is being recognized as a long-term career path with great opportunities for education, growth, and financial security. Perhaps one of the most rewarding aspects of the Property Management career path is laying to rest old stereotypes of cold, money-focused landlords and emphasizing the new ideals of building strong, vibrant communities. Let’s look at some of the different types of positions that come available, the skills required, and whether or not it is going to be the career path you are seeking.<\/p>\n

Why a Career instead of a Job?<\/strong><\/h2>\n

Jobs are wonderful things, they bring in an income, keep a roof over our heads, food on the table, and the wolf from the door. But should there be more? If this question has popped into your mind while hitting the old nine-to-five, let’s examine the difference. The obvious difference between the two is a job is immediate, it provides the money you need in the here and now. Whereas a career, in addition to giving you that financial foundation, is a long-term process – a task you build on every day to attain the goals you have set for yourself. A career guides us in personal, professional, and financial growth in the field of your choice. In the world of Property Management, you will not only define your personal goals, but you will also make a difference in the lives of others searching for that wonderful place to call home.<\/p>\n

There are also other factors to consider while on your career journey:<\/p>\n

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  • The world we live in changes daily. Change can be driven by technology, society, and, believe it or not, fashion. Even as Property Management evolves, one thing will never change – people need a place to live. As a result, careers in Multi-Family have withstood societal shifts, and recessions, and were considered “essential” during the pandemic lockdown while many others with jobs in the service industries were devastated.<\/li>\n
  • A career in Property Management can improve your earning potential, increase your levels of responsibility and authority in the organization, and may set you on a defined path up the corporate ladder. Many companies in our industry do not require a specific degree and often will pay for your training as a “Certified Property Manager (CPM)”, as an “Accredited Residential Manager (ARM)” or provide on-site training specific to meet your needs.<\/li>\n
  • There is an old saying that if you enjoy what you do, it will never feel like you are working. The more satisfaction you receive from your job, the better your overall happiness. A career provides daily challenges and aids in the identification of short- and long-term goals to make your work even more meaningful.<\/li>\n<\/ul>\n

    An Industry of Constant Growth<\/strong><\/h2>\n

    I will share with you a secret; people will always need a place to live. As a result, the demand for multi-Family communities continues to grow. And with it, the demand for those who make an apartment community possible. The careers most often associated with the world of Property Management are:<\/p>\n

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    • Community\/Property Manager<\/li>\n
    • Leasing Associate<\/li>\n
    • Maintenance Technician<\/li>\n<\/ul>\n

      While these three positions are most recognized by our residents, there are other opportunities in the fields of Information Technology, Operations, Logistics, Facilities, Training, Human Relations, and even Legal Counsel. For the purpose of this article, we focus on the responsibilities and requirements for careers as a Property Manager, Leasing Associate, and Maintenance Technician.<\/p>\n

      Community\/Property Manager<\/strong><\/h2>\n

      Property Managers take on the important role of leadership to ensure that all property operations run smoothly. Property Managers typically work for apartment complexes and housing communities to assist tenants with maintenance requests and oversee the process of preparing properties for new tenants, as well as being, is responsible for securing new residents, creating great living experiences for residents, helping set rents appropriately, and keeping the community looking great. They work closely with Leasing Agents to address tenant issues and changes to rental agreements. Their job is to maintain relationships with local landscaping, plumbing, or electrical services to coordinate routine or emergency requests from tenants. They may also be responsible for performing inspections after tenants leave to make sure they didn’t cause any damage to the property during the time of their lease.<\/p>\n

      You can expect to: <\/em><\/strong><\/h3>\n
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      • Maintain and promote a commitment to customer service from all staff<\/li>\n
      • Monitor and manage expenditures consistent with the approved budget<\/li>\n
      • Prepare the first draft of the annual property budget (operating and capital improvements and submit to the Regional Manager.<\/li>\n
      • Maintain company policies and written directives on-site in an orderly fashion<\/li>\n
      • Enforce all lease provisions, including the preparation and distribution of all legal notices and other written correspondence with residents.<\/li>\n
      • Oversee the implementation of all capital improvements approved during the annual budgeting process.<\/li>\n
      • Schedule and conduct tours to prospective residents as needed<\/li>\n
      • Become familiar with all online sources of advertising<\/li>\n
      • Maintain the overall appearance of the leasing office, clubhouse, and property amenities<\/li>\n<\/ul>\n

        Skills required for the job:<\/em><\/strong><\/h3>\n
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        • Customer service and interpersonal skills needed to meet with prospective and current tenants<\/li>\n
        • Good verbal communication<\/li>\n
        • Attention to detail to ensure applications are accurate and tenant issues or questions are adequately addressed<\/li>\n
        • Organization and the ability to multitask efficiently<\/li>\n
        • Problem-solving to find effective solutions for a variety of potential issues<\/li>\n
        • Knowledge of rental contracts and property and anti-discrimination laws<\/li>\n<\/ul>\n

          Leasing Consultant<\/strong><\/h2>\n

          A Leasing Consultant, or Leasing Agent, works with tenants to find potential properties to rent. Their main duties include taking tenants to view different properties, communicating prices and terms to clients, and negotiating sales and renewals. Ultimately, it’s all about leases. Leasing team members are responsible for providing great customer service and closing the sale. They also collaborate with marketing teams to make sure a community is reaching the right audience of potential residents. For creative people who thrive on collaborating, making connections with new people, and closing deals, this is a satisfying line of work.<\/p>\n

          Skills required for the job:<\/em><\/strong><\/h3>\n