Property Caretaker: Job Description, Duties and Requirements
Property caretakers require no formal education. Learn about the training, job duties and experience requirements to see if this is the right career for you.
Property caretakers, also known as property managers, are responsible for a wide array of duties and tasks involved in the maintenance of commercial and residential pieces of real estate. While no specific level of education is necessary for a career as a property caretaker, some individuals can enhance their employability by earning bachelor's degrees in finance, business administration, or real estate.
|Required Education||No standard requirements; bachelor's degree may be beneficial|
|Other Requirements||Industry-related experience|
|Projected Job Growth (2012-2022)*||12% for all property, real estate and community association managers|
|Median Salary (2013)*||$53,200 for all property, real estate and community association managers|
Source: *U.S. Bureau of Labor Statistics
Job Description for Property Caretakers
A caretaker will oversee a range of responsibilities that depend on the specific type of property being managed. A property manager overseeing commercial real estate might be in charge of diverse areas, like landscaping and building maintenance. Residential property caretakers can have numerous tasks, such as collecting rent, enforcing community living standards, and addressing tenant complaints. Those responsible for retail properties might be charged with resident security in addition to various maintenance tasks.
Property Caretaker Duties
Commercial and residential property managers will oversee the daily operations of office parks, housing subdivisions, and apartment buildings. The individual duties of a property caretaker will vary significantly based on employer needs. Community or neighborhood property managers are often tasked with maintaining the investment value of homes, condominiums, and cooperatives. Additional assignments for property managers can include paying property taxes and insurance premiums or maintaining employee payrolls. Some property caretakers will need to possess certain skills relating to landscaping and swimming pool maintenance.
Supervising commercial properties might require janitorial, trash removal, and security tasks. Large commercial entities have property caretakers who serve supervisory roles. These property caretakers might need special knowledge of government regulations to ensure that manufacturers and other businesses follow the law.
Training Requirements for Property Caretaker
Property managers come from a range of educational backgrounds, including business and management. Individuals can pursue careers as property caretakers by possessing industry-related experience with real estate management and development companies. According to the U.S. Bureau of Labor Statistics (BLS), property managers generally learn about professional duties on the job (www.bls.gov). For positions requiring supervision of finances or rental contracts, employers tend to prefer candidates with undergraduate or graduate degrees in areas associated with business, such as accounting or finance.
Job Outlook and Salary Info
The BLS predicts that the employment of property, real estate, and community association managers could grow by around 12% from 2012 to 2022, which is average. The Bureau additionally published that such managers earned a median annual salary of $53,200 in 2013.