Apartment Manager Job Description, Skills, and Salary
Get to know about the duties, responsibilities, qualifications, and skills requirements of an apartment manager. Feel free to use our apartment manager job description template to produce your own. We also provide you with information about the salary you can earn as an apartment manager.
Who Is an Apartment Manager?
An Apartment Manager is a paid professional put in charge of the maintenance, upkeep, and organization of an apartment complex. Many times, due to the busy schedule of house owners, they employ the services of a house manager to cater to the administrative responsibilities of the complex. An apartment manager is also known as a property manager or an apartment caretaker.
Otherwise called a property manager, an apartment manager may be in charge of a single major property or a portfolio of properties, as well as overseeing the site managers. The property supervisor is another name for this position. In most circumstances, the apartment manager is in charge of interacting with the property’s owner. They are sometimes in charge of developing management policies and annual or long-term budgets, as well as carrying out their directions.
Accounting records and administration are provided by apartment managers. The upkeep of rental homes is the responsibility of apartment managers. Some apartment managers are in charge of small two- or three-unit buildings, while others are in charge of large apartment complexes with hundreds of units. Irrespective of the size of the property, all property managers are accountable for the development’s day-to-day operations. While particular responsibilities vary depending on location, size, and rental prices, apartment managers aim to make rental buildings operational and profitable.
The apartment manager is ultimately responsible for everything from the landscaping of a huge development to plumbing issues in a single apartment. Some apartment managers take care of the work directly, while others delegate it. Contract discussions for a variety of services, including as security, janitorial, and landscaping, are handled by certain property managers.
Apartment managers may be responsible for general accounting in order to collect rent. Propertydo.com recommends that property managers understand how to generate basic income reports so that landowners have a clear idea of costs, payments, and profit margins. The provisions of written lease agreements, as well as applicable landlord/tenant regulations, are enforced by apartment managers. It is the manager’s job as an agent of the landowner to guarantee that the tenants and property representatives follow all legal requirements.
In the United States, the property management sector will be worth approximately 88 billion dollars in 2020. The property management industry, which has been steadily growing since 2017, offers a multitude of professional and financial opportunities. A career as a manager is ideal for motivated individuals who enjoy dealing with others. Property managers are in charge of the day-to-day management of rental property investments in general. These investment properties, on the other hand, can range from residential to commercial property.
When property owners are unable or unwilling to manually handle rental issues, a trained property manager is hired for a charge. While property management is sometimes associated with the real estate sector, there is a key distinction: property managers do not buy or sell real estate. Property Managers in Nigeria earn an average net compensation of N133,000 per month
The average property manager’s salary in the United States is $104,035 as of December 27, 2021; however, salaries often range from $90,317 to $119,679. Schooling, certificates, supplemental abilities, and the number of years you’ve worked in your industry all play a role in determining salary ranges.
Apartment Manager Job Description
Below are the apartment manager job description examples you can use to develop your resume or write an apartment manager job description for your employee. Employers can also use it to sieve out job seekers when choosing candidates for interviews.
The following is the job description of the Apartment Manager
- Advertising prospective tenants and showing vacant properties.
- Processing applications, and negotiating leases and rental prices
- Creating and enforcing property regulations.
- Assuring that all buildings and facilities adhere to municipal, state, and federal regulations.
- Creating maintenance and personnel schedules.
- Recruiting, training, and supervising employees.
- Renting and Collecting security installments, and ensuring that tenant accounts are kept track of.
- Investigating complaints and settling problems
- Planning and Overseeing repairs, maintenance, repairs, and servicing
- Taking care of clerical and administrative duties, as well as filing taxes.
- Collecting rent and other property fees from tenants and private owners.
- Paying taxes, mortgages, payroll, insurance premiums, and maintenance expenditures.
- Enduring that property owners are informed on the property’s financial situation, occupancy, and leases that are about to expire.
- Meeting potential renters, showing them around the property, and evaluating their applications in accordance with anti-discrimination regulations are all part of the process.
It is the manager’s job as an agent of the landowner to guarantee that the tenants and property representatives follow all legal requirements. If a renter pays rent Ten days late and the contract stipulates a fee after three days, the management is responsible for informing the tenant of the infringement and implementing that section of the lease contract. Many towns have legislation that applies in cases where there is no signed lease. In such cases, it is assumed that a month-to-month lease is in force. Rental apartments that are vacant do not generate money. One of an apartment manager’s responsibilities is to preserve and, if possible, raise the rental property’s value and profit. The unsung heroes of the rental market are property managers. They play a critical role in ensuring that their community’s leasing experience is positive. Running and managing a residential home efficiently takes a lot of effort. There are various critical responsibilities that come with leasing a property, from locating excellent renters to collecting rent. A landlord may opt to assign certain responsibilities to someone who is better equipped to handle them. This sums up the job description of the apartment manager.
Qualifications
- Minimum age of 18 or 21, depending on the state.
- High school diploma or GED equivalent
- Legal citizenship or permanent resident permit.
- Real Estate Broker’s License Worksheets and a passing score on the Real Estate Licensure Examination (if needed per state law)
- In some cases, a degree in Estate Management gives the prospective apartment manager an edge In his application
- Four to five years working experience
Essential Skills
Written below are skills every property manager needs
1 Communication – Whether it’s with landlords, tenants, contractors, or applicants, a facility manager is always in communication with someone. As a result, effective verbal and written communication is essential! Property managers, on the other hand, write emails, respond to messages, make phone calls, and issue written notices on a daily basis.
2 Patience — It takes patience and great de-escalation tactics to handle tenant disputes or soothe an anxious owner’s anxieties.
3 Attention to Detail — Managing rental property necessitates the handling of sensitive data and legal documentation. As a result, accuracy is crucial while writing out deals, sending notifications, and adhering to all applicable regulations.
4 Organization -Property managers wear a lot of hats, and keeping track of all of the different processes takes a lot of organization. Managing lease procedures, turnover service, and accounting also necessitate time management and multitasking.
5 Basic Accounting – Property managers require basic accounting abilities to keep a record of rent payments, calculate and record late fees, and keep up with spending reports. Although numerous software tools make accounting easier for property managers, some understanding of quality standards is required.
How to Become an Apartment Manager
1 Education
Many property management organizations need some undergraduate degrees, even if a high school diploma is a minimum requirement. The following are some of the most common academic fields in this industry:
Property management, finance, and business administration are all aspects of risk management.
2 Certifications for Apartment Managers
Licenses are usually issued at the state level, whereas certificates are associated with national property investment or property maintenance accreditations. There are various certifications to consider for people considering a career in property management. So, let’s take a closer look at these credentials below —
- National Apartment Leasing Professional (NALP)
The first step toward a property management profession is to apply for entry-level employment with a property manager or property management company, such as a leasing agent. Furthermore, The National Apartment Leasing Professional (NALP) certificate gives leasing professionals and assistant property managers the fundamental skills they need to accomplish their professions well. Individuals must meet the following qualifications in order to get NALP certification:
For a minimum of 6 months, onsite property maintenance experience as an apartment manager is required.
Until the 6-month time limit is met, you will be given a provisional certificate.
Complete a maximum of 25 credit hours by taking seven NALP courses, including the Market Survey course.
Individuals have 12 months to complete all criteria after enrolling.
- Certified Apartment Manager (CAM)
Property management is the next stage after learning the fundamentals of the industry as a leasing specialist. As a result, Certified Apartment Manager (CAM) training is aimed at onsite managers, who are frequently the only people tenants engage with on a regular basis. As a result, this certification program assists property managers in serving as the greatest possible advocate of community owners and investors. The following items are required for the course:
- A minimum of 12 months of onsite property management experience is required. Until the 12-month time limit is met, you will be given a provisional certificate. Obtain a total of 40 credit hours by completing all CAM courses. Individuals have 12 months to complete all criteria after enrolling.
- Work in a certified real estate agency capacity for a minimum of three years in a row. Individuals must either have a real estate license or confirm that they are not needed to have one in their current position. To receive credit toward the CPM certification, the candidate must complete 19 of the 36 CPM Function Requirement activities. During 12 months of participating in the course, complete all criteria.
- Individuals must also maintain a minimum portfolio of investment homes in accordance with the conditions outlined here- Apartments, condominiums, HOAs, mobile homes, mobile home parks, single-family homes, hotels, and motels are all examples of residential properties. In addition, the portfolio size must be at least 200 units on 1 to 4 sites
Certified Property Manager (CPM)
A CPM (Certified Property Manager) is a highly regarded designation. The following are the prerequisites for this degree of certification:
- Work in a qualifying residential property management capacity for a minimum of three years in a row.
- Individuals must either have a certification or confirm that they are not needed to have one in their current position.
- To receive credit toward the CPM certification, the candidate must complete 19 of the 36 CPM Function Qualification activities.
- During 12 months of enrollment in the course, complete all criteria.
- Furthermore, the portfolio size must be at least 200 units on 1 to 4 sites or 100 units on 5 or more sites.
- Office buildings, retail and commercial space, real estate, research & innovation, or self-storage centers are examples of commercial properties. Furthermore, the portfolio size must be at least 120,000 square feet at one location and 80,000 square feet at two or more locations.
- Industrial — Single-tenant industrial facility on a large scale. In addition, the portfolio size must be at least 200,000 square feet in one or more locations.
Master Property Manager (MPM)
A Master Property Manager, or MPM, is the highest level of distinction available in the property management sector. This necessitates a minimum of 60 months of continuous real estate management experience. Additionally, an ideal candidate must satisfy all of the CPM certification requirements. Furthermore, the portfolio criteria are slightly more stringent, requiring a standard unit count of 500 housing units at one or more sites or 100 units at five or more sites.
3 Submit Your Application
After the prospect must have gained some of the certifications listed above, he can go ahead to apply for the job in a Real Estate Company. It might entail being employed as a staff in the company
Where to Work
The apartment manager occupies a very important position in the administration of property. This is why every office, rented home, mobile house, rented office, mall, etc needs an apartment manager. An apartment manager can work in real estate. This is one of the places that need an apartment manager. Because of the caretaker operations of the apartment manager, he can bring oversight to rented houses, rented offices, malls, and so on. He can also work in a Real Estate Agency.
Apartment Manager Salary Scale
In Nigeria, the average net salary for a Property Manager is N133,000 per month. Salary figures are based on Level 8 employees. As of December 27, 2021, the average Property Manager income in the United States is $104,035. However, the salary frequently ranges between $90,317 and $119,679. Salary ranges rely on a variety of things, including schooling, certifications, supplementary talents, and the number of years you’ve worked in your field.
