Real Estate Property Management involves the management of revenue-producing residential or commercial properties, including single-family homes, apartment complexes, office buildings, retail centers, medical facilities, and industrial warehouses. Property Management is a service industry in which property managers are expected to work closely with both the property owners and the residents of the property.
The primary responsibilities include:
- Management of the physical property, including maintenance, operations, capital improvements, and sustainability
- Human resources, including interacting with tenants, managing people who maintain and support the property’s operations, and working with property owners
- Marketing and leasing, including developing marketing plans and strategy, advertising and preparing property for rent, showing the property, negotiating leases, and establishing rents
- Financial management, including budgeting, accounting, financial and investment analysis, and financing
- Legal and risk management, including insurance, emergency planning, government regulations, contracts, and leasing
Property Management is a multifaceted industry that is becoming more reliant on technology to increase operating efficiencies, maximize revenue, and monitor property performance. Property managers use industry-specific programs to generate financial reports, and to track data related to marketing, maintenance, insurance, payments, and tenant services.
Federal regulations require Schoolcraft College to publicly disclose, for each educational program designed to meet the educational requirements for a specific professional license or certification required for employment in an occupation (or advertised as meeting a requirement for employment), information about whether program completion would meet those requirements in a state. These public disclosure requirements apply to all programs, regardless of their modality (i.e., on-ground, online, and hybrid programs).
Please see the disclosure related to the educational requirements for professional licensure and certification.