Property Administrator Job Description

Property Administrators

Property administrators are responsible for the administrative elements of a property. Most are employed by private companies. Most property administrators work full time and will need to manage at least two to three other employees.

Property administrators can work in many different roles. Property administrators are often required to show prospective tenants around a property. They will answer any questions from prospective tenants during the tour.

Proper maintenance of homes and apartments in a community is important to retaining their value. Property administrators are often responsible for making repairs, cutting grass, and painting buildings. Most people need an associate's degree from a community or technical college to become a property administrator.

Leasing a Property

There are many opportunities for the individual to pursue a rewarding, challenging and profitable career in real estate management. Candidates looking for property management jobs should be aware of the basic structure of the companies they are looking for and of the skills they are looking for in personnel. Being good on the phone is more than answering a customer's questions.

The successful leasing agent is willing to take inbound calls from customers and make outbound calls to potential customers, even if they are not a customer. The customer should be able to be sold on the virtues of the community and the agent should be able to make appointments for clients tour the property over the phone. It is important that those with administrative property management jobs have good time management and organizational skills.

It is important that administrators are able to diffuse and handle difficult situations. The administrator has to deal with people at their worst. A property manager should have the skills required of both the leasing and administrative personnel.

Most companies prefer a property manager with previous experience. If you are interested in becoming a property manager, you should expect to start your career as a leasing consultant and work your way up. The agent is responsible for showing the property to prospective tenants.

The agent has to be able to counter any objections that a prospective tenant may have. Property managers that manage large complexes can make up to $75,000 a year. Most property management company jobs require at least three years of property management experience, a real estate license and an affiliation with the National Association of Realtors.

Property Management

One of the benefits of renting or leasing is that the property manager can call if something goes wrong. Property managers maintain a network of contracted labor to repair issues that arise in managing property. You are the point of contact for the tenant and the service provider to make sure that the service is secured and that the service is paid.

You keep warranty files as needed. Property management involves handling and logging money. You deposit every payment from large ones to small ones.

Managers work with the property owner to log and deposit rental revenue and security deposits, and to pay his expenses through a purchase order system. You help establish the annual budget, give information for tax reporting and help determine the financial performance of the property. Managing property involves risk.

As a property manager, you document the organization's compliance with local, state and federal statutes. You must verify that the property follows the Fair Housing Act to prevent discrimination. You must work with insurers to make sure that the property is covered by adequate and appropriate liability coverage if a resident suffers a loss.