|Program Levels||Certificate programs (most property managers hold a bachelor's degree)|
|Field(s) of Study||Property management|
|Prerequisites||High school diploma or equivalent|
|Licensure/Certification||Licensure requirements vary by state; voluntary certification available|
|Career Options||Property manager, real estate agent, property investor|
|Job Outlook (2014-2024)||8% growth|
|Median Annual Salary (2015)||$55,38 (for property, real estate and community association managers)|
Source: U.S. Bureau of Labor Statistics
A certificate program in property management is designed to give students the knowledge and skills needed to manage and maintain residential and commercial real estate. Students learn about leases, property maintenance and building plans. Most certificate programs have no education prerequisites besides a high school diploma or an equivalent. Programs may offer specialization in residential or commercial real estate. It's important to keep in mind that most property managers hold at least a bachelor's degree in a relevant field, so a certificate may not always be sufficient for direct employment as a property manager.
Courses in a program are designed to help students become experts in the field of real estate and property management. Emphasis is also placed on real estate laws topics, such as fair housing and evictions. Other topics covered in a program may include:
- Real estate technology
- Maintenance and repair
- Property marketing
- Real estate economics
- Building systems
- Fundamentals of managing property
Popular Career Options
A property management certificate program enables students to qualify for work in several real estate related careers. Career options for graduates include:
- Property manager
- Real estate agent
- Property investor
Salary and Job Outlook Information
The U.S. Bureau of Labor Statistics (BLS) reported in May 2015 that property, real estate and community association managers earned a median yearly income of $55,38. Between 2014 and 2024, job openings for property managers are expected to grow by 8%.
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Continuing Education and Certification Information
According to the BLS, employers may prefer to hire property managers who have a bachelor's or master's degree in a business or real estate related area. In a bachelor's degree program in property management or real estate, students learn to work with owners and tenants to ensure satisfaction with the management of the property. The program also helps students build a professional background in business. In addition to expanding their knowledge of real estate topics, individuals may gain experience and get a chance to do research in real estate topics through completing a master's program.
The BLS reports that all states require anyone who sells or buys property to hold a real estate license. Some states require licensing or certification of managers for certain types of properties, such as subsidized government housing.
To demonstrate expertise in property management, individuals may pursue professional certification voluntarily. One organization that offers certification in this field is the Institute of Real Estate Management. This organization has a Certified Property Manager, Accredited Residential Manager and an Accredited Commercial Manager designation. Certifications can be awarded after meeting a variety of education, licensure and experience requirements, an exam and the completion of ethics classes.
Certificate programs in property management are usually for continuing education purposes and offer students the opportunity to learn more about property management topics.