Monday 23 February 2009

Finding Property Management Jobs

Here are some quick tips to find your next Property Management job online. And all you have to do is open your Inbox.
Tips:
* Use search engines like Google to find both job boards, and employers. There are over 40,000 Niche job boards on the Internet. These sites are locally focused, or focused on specific types of Property Management, from Apartments, to Residential or Commercial Real Estate management. These sites also have a wealth of information, including salary information, local employers, and local industry trends, etc.
* Create Automated Job Agents. They are easy to setup, they email you daily, and they can find new jobs for you, while you are sleeping!
* Upload your Resume to the major job board resume databases... but don't expectanyone to call you. This is almost a formality. Most big employers subscribe to the resume databases, but they don't use them very effectively. Most smaller and midsize companies don't use resume databases at all.
* Visit your local Professional Association web site. There are thousands of professional associations, including National and Local Chapters. Many of them have job boards. Those job boards are not often utilized, but the jobs are VERY specific, a lot of times.
* Search for local Real Estate Companies, in many cases, Real Estate firms have sister companies or separate Property Management divisions, within their companies.
There are lots of job boards on the Internet. Most are national sites, with tons of jobs.
Finding the Right job board for you and your career is easy to do.
For example, say you are looking for a property management job in Los Angeles.
By searching Google for the term "Los Angeles Property Management Jobs", you will come up with a list of job boards, for the most part.
Many of those sites will be national sites, but some of them, might be targeted directly to job seekers and employers in Los Angeles.
When you find a site, like GOJobs.com, Review the number of local employers they have listed. More is not always better. What you are looking for is specific job titles that match what you are looking for.
Most of the major job search engines have Real Estate and Property Management Job listings, but a lot of the time, there isn't much local information about local employers, etc. A good job board will give you access to a wide variety of local jobs, as well as information about the employers posting those jobs.
Using a Job Agent, on these sites can help by just emailing the local jobs to you on a daily basis.
Also, when applying for jobs, make sure you are actually qualified for the position. There is nothing worse then applying to hundreds of sites, and getting limited responses.

Property Management

Real estate property management is a complicated task and quite difficult for a single person to handle it. It should be handled by a number of skilled professionals with expertise in their specific areas. The portfolios that are generally assumed to manage properties are as follows. They are the onsite managers, the leasing agent, the tenant representative, the manager of different properties and the portfolio manager. However it has to be borne in mind that in practical work scenario the professionals who are involved in managing the different properties may not stick to the defined job descriptions. There will be a lot of situations where one will overlap the other.
The first professional on the real estate property management team is the onsite manager also called the resident manager. He is the person who looks into the everyday issues of managing different aspects of a property. The onsite management position is usually considered to be at the beginning of the career ladder of jobs that deal with managing of various properties. The onsite manager is usually given accommodation in the premises of the property, whether commercial or residential, that he is managing. This is done to ensure better work efficiency and saving time. He is entrusted with the routine activities of the job that involves management of realty. This includes daily interaction with the house owners and the tenants, collecting the fees from the tenants and performing the routine maintenance jobs.
The real estate property management team includes the leasing agent who is responsible for getting new tenants for a premises and finalizing the tenancy deal. It involves working in a sales profile and does not require one to visit any property premises every day and taking care of the maintenance activities going on there. A leasing manager might be given the responsibility of a single property if it is large and a number of properties if they are small. A junior level leasing manager can be placed under the supervision of an onsite manger while a senior level manager might be placed under the direct supervision of the portfolio manager. The leasing activity can also be taken care of by the onsite manager or the property supervisor without appointing a dedicated leasing agent.
Real estate property management professional under consideration is also the tenant representative. The tenant representative works essentially on the same jobs that a leasing agent does but he takes care of the property related issues from the point of view of the tenant rather than the side of the owner. Tenants occupying commercial premises usually hire them. They assist and advise a prospective tenant in finding a property of their choice and help out in negotiating and finalizing the deal.
The next property professional to be considered is the manager of the property. The manager of the property is also called the realty manager. He takes care of a number of properties. Real estate property management under the supervision of the manager of the property involves visiting each property and looking after how well the management and other property related work is going on in each property. He supervises the onsite manager. He also works as a consultant in formulating management policies and budget plans for properties. He sees to it that the overall expenditure is within the limits of the budget plans. The manager of the property reports to the portfolio manager who is usually considered the highest professional in the team. He is also called an asset manager and he takes care of a large number of properties.

A Property Management Career

Are you by chance considering a career in the domain of property management? Hang on, this article is for you.
Management encompasses very vast avenues. Retail managing and sports managing are well known areas of a management career that are fairly popular. However, there exists another very enjoyable branch of management known as property management. Some people take to it as a fish takes to water. These are the people who have a definite aptitude for managing a property. As with any other career, there are certain pre-requisites, certain qualities that are essential to posses to make a success of this career. For an aspirant to this branch of career, if you have a thorough knowledge of the skills required to manage property and also exactly what duties are involved in such a career, your choice of a career in this management of property would definitely prove correct.
Firstly, let us see what makes a good manager stand out as a great manager. To begin with, he should have a flair for leadership, because managers are essentially leaders. He belongs to the category of people who lead others rather than people who follow leaders. A great manager is also a great motivator. He knows how to get the best out of workers. He also knows how important the job satisfaction is for his workers. So most definitely, the basic two skills of a great manager are leadership and motivation.
In addition to these, as far as property management is concerned, you also must have people oriented skills, in other words, public relations skills. You will be required to work with the tenants as a property manager day in and day out. You will be the one they will turn to in case of problems. Solving their problems is part and parcel of a property managers job. You as a property manager will have to interact not only with tenants, but also with workers, maintenance staff and last but not the least, with the landlords. Good communication skills will stand you in good stead through all these.
A property manager is entirely responsible for keeping the affairs of the establishment or buildings running smoothly. You will have to get the maintenance problems attended to as promptly as possible by the staff members. You will also be advertising and showcasing the empty apartments in the building. It will be your job to process all the applications and keep a track of credit checks

Property Management Systems

For property investors, property maintenance and management should be of prime importance if one wants to achieve maximum value in the market for their assets. However, many owners tend to ignore the significance of property management either due to lack of knowledge about the issue or they are unable to garner sufficient time to look into various aspects related to the property. Some investors even tend to refrain from managing their assets as they find the job cumbersome and stressful. In these circumstances, signing up for an online property management system can be a useful alternative.
In the last couple of decades, technological advancements have played a major role in improving overall efficiency, reorganizing processes and helping property investors and property management firms gain optimum control over their property management issues. A property management system can be simply defined as a software program designed and developed with the objective of helping customers manage and gain maximum control over every aspect related to their property. At present, property management systems are being used widely in several sectors including real estate, banking, hospitality, logistics, hotel management, and managing intellectual property issues. Also, there are different types of property management systems available in the market, thereby confusing users about which one to select.
In this regard, below are described some important points that can help in choosing a property management system.
Why do you need a PMS? - It is important to address this issue and so as to select software that is aptly suitable for one's needs and requirements. For example, a PMS required for a hospitality industry must have features that can ease out guest reservation, facilitate speedy check-in, increase productivity and create a better guest experience. On the other hand, a PMS suitable for a property owner must have provisions where one can maintain tenant database and handle issues related to property maintenance.
A properly selected and installed property management system can simplify your business operations significantly, thereby making your life easy and comfortable. Also, it is possible to eliminate human errors and increase efficiency by replacing manual processes with user-friendly interfaces.
Understand your needs - Whenever you are planning to implement a PMS in your business, it is important that you understand what you really require. For this, it is important to interact with all those people who will be using the system directly or indirectly. In this manner, one can gain insight into their needs and requirements that they feel can improve their efficiency and make their jobs simple but interesting. Also, one must even take into account viewpoints of people not interested in implementing the system and include their concerns while looking out for a PMS. In addition, remember to include your technical staff in these discussions as they are the persons concerned with the installation, integration and implementation of the system.
Make a list and get quotations - Make a list of features that have been proposed. Usually, these lists normally include some features that are absolutely necessary, while others can be easily ignored. So, while preparing a list of needs and requirements, it is important to segregate features depending on the requirements. Once the list is prepared, one can now go ahead with the buying process. For this, one has to look out for options that satisfy your requirements and fits in your budget.
Consider your budget - It is important to determine how much one can afford on getting a property management system. At present, there are many property management systems available in the market. All these systems differ from one another in terms of features offered. Accordingly, the price range also varies. By determining the budget, selection becomes easier as one can conveniently eliminate options that are outside the range.