Property Management is like being the mayor of a small city... Property management involves the daily operations at the individual property level and can include marketing and promotion, tenant screening and selection, managing rent, coordination of the maintenance and repair function, optimizing building efficiency and acting as liaison between owners, investors, vendors, and tenants. The duties and expectations of property managers have grown over time especially with the advent of enhanced technology tools and owner expectations. The position increasingly involves a comprehensive understanding of the asset or assets in a real estate portfolio and the responsibility to lease and management to maximize returns and insure the real estate's long-term viability.
| Role / Company | Location | Posted | ||
|---|---|---|---|---|
| Property AnalystDRA Advisors LLC | New York, NY | Apr 24, 2019 | ||
| Manager of Ancillary Income - Essex Property TrustEssex Property Trust | Woodland Hills, CA, CA | Apr 23, 2019 | ||
| Full-Time Property ManagerConfidential | Van Nuys, CA | Apr 23, 2019 | ||
| Senior Property ManagerLincoln Property Company | Fort Lauderdale, FL | Apr 23, 2019 | ||
| Real Estate AnalystRivergate KW Residential | Charlotte, NC | Apr 22, 2019 | ||
| Assistant Property Manager Portland, OregonShorenstein Realty Services, L.P. | Portland, OR | Apr 22, 2019 | ||
| Capital Manager - Essex Property TrustEssex Property Trust | San Mateo, CA | Apr 19, 2019 | ||
| Capital Manager - Essex Property TrustEssex Property Trust | Woodland Hills, CA | Apr 19, 2019 | ||
| Capital Manager - Essex Property TrustEssex Property Trust | Irvine, CA | Apr 19, 2019 | ||
| Property ManagerBoston Properties | Boston, MA | Apr 19, 2019 |
Looking to the future
Property managers will always have a place in real estate and the role will continue to evolve. Every asset needs someone to manage expenses, collect rent, and provide customer service. The ever-evolving increased focus on optimizing operating efficiency will require future property managers to provide an even higher level of service to owners. Wall Street has become a major player in the real estate industry and its ownership has increased the level of scrutiny and sophistication required at the property management level. Based on experience, property managers can assist in development by suggesting layouts and plans that maximize efficiency and lower replacement costs. They can provide detailed financial analysis of the property and forecast trends in the market as well. As property management becomes more sophisticated, barriers to entry will increase but it will always serve as an appealing entry point to the real estate industry.
