Those interested in property management can find a variety of certificate programs, as well as degree programs at the associate's, bachelor's and master's levels. Stand-alone courses are also available. Though a college education isn't required to be a residential property manager, it can be helpful to have a comprehensive understanding of this multidisciplinary career. The U.S. Bureau of Labor Statistics (BLS) reports that college graduates increasingly have the edge in obtaining jobs, since employers want workers with skills to match the rising financial and legal complexities of property management.
Here are some of the concepts covered in residential property management courses:
- Leasing Policies
- Resident Relations
- Promotion and Retention
- Facilities Management
- Real Estate Law and Ethics
- Housing for Different Demographics
List of Courses
Introduction to Residential Property Management Course
Residential property managers need to be adept in many areas of business, including real estate, finances, human resources, marketing and management. This course provides an overview of these topics and more. Students learn about the legal aspects of leasing, resident policies and property ownership. Information on different types of residential properties, such as condos and single-family dwellings, is presented, along with maintenance strategies for each.
Senior Housing Management Course
As the United States population ages, residential property managers may find themselves working in senior housing settings. Students in a senior housing class use case studies and field research to examine best design practices, such as universal design for senior communities. They also explore challenges in senior housing, such as how to provide and market housing and services from independent living to dependent care within a single community.
Residential Property Maintenance Course
A class in property maintenance covers managers' responsibilities in maintaining residential properties, both inside and on the premises. Legal and community regulations, resident energy usage, handling of waste and security are some of the topics introduced. Students also learn about contracting with and managing maintenance staff.
Issues in Residential Property Management Course
Legislation and ethics are some of the topics covered in a residential property issues class. Also featured is discussion of demographic trends, such as the development of balanced housing policies. Student projects might include designing management plans for real residential communities.
Marketing Residential Properties Course
Marketing strategies for acquiring and keeping residents are the topic of this course. Students look at buyer motivation and best customer service practices and learn to apply this information to creating sales promotions and advertising. The course often culminates in a marketing presentation to the class.
Residential Property Management Career Information
According to BLS, the median annual wage in 2014 for all property, real estate, and community association managers was $54,270 (www.bls.gov). The overall growth rate for this profession was forecast to be about eight percent between 2014 to 2024, which was about as fast as average for all professions. Job seekers were expected to find especially good opportunities in the senior housing sector and at residential healthcare facilities.