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|
|Assistant Property ManagerRXR Realty LLC||NY||Sep 21, 2018|
|Manager, Regional Property Management (Based in Dallas, United States)Mapletree Investments Pte Ltd||Dallas, TX||Sep 21, 2018|
|Manager, Regional Property Management (Based in Chicago, United States)Mapletree Investments Pte Ltd||Chicago, IL||Sep 21, 2018|
|President of Property ManagementConfidential||Los Angeles Metro Area, CA||Sep 20, 2018|
|Property Management AssistantVanbarton Group LLC||New York, NY||Sep 20, 2018|
|Property ManagerWhitesell123||Delran, NJ||Sep 19, 2018|
|Director-Asset Performance and Risk ManagementDrucker & Falk||Newport News, VA||Sep 19, 2018|
|Assistant Property ManagerPiedmont Office Realty Trust||WASHINGTON, DC||Sep 18, 2018|
|Property ManagerVanbarton Group LLC||New York, NY||Sep 18, 2018|
|Commercial Property ManagerCIM Group||Dallas, TX||Sep 17, 2018|
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.