Many people have been put off careers in property because of the financial crisis that began around 6 or 7 years ago. A lot of people lost a lot of money and the banks really shut down when it came to giving out mortgages but times are changing again, things are getting better and with new government initiatives it looks like house prices are going to start rising again. This means it is the perfect time to get invoved in property management whether it be at a commerical level for a company, a letting agency or starting your own property portfolio off and managing it yourself.
In terms of education there aren’t many ways of ‘qualifying’ to specifically become a property manager but there are ways to improve your chances of getting a job at a good company and making that job easier. Business management or computing for business are a couple of good degrees that would get your foot in the door at most property businesses. The best way of actually learning about the sector though is to actually get a job in it. This could be at an estate agents or a letting company like Goodwin Fish & Co. You will learn all of the tricks of the trade and see what goes into actually running a property portfolio on a day to day basis, there is much more work involved than you would imagine.
One of the few areas that people always tend to neglect is the technology aspect of your career. Before you start work do some research in to what the most commonly used pieces of software are in the profession, you will be given detailed training in them when you start work but it is always good to have a basic understanding when you turn up. There are numerous programs used in the property management sector from LetClevers inventory software to keep track of which items are in which property and the condition of them to detailed accounting software that automatically generates quarterly reports for any investors that need the information.
If you are serious about a career in property management then try and get some work experience done as soon as possible, this may be working for free or as an intern but it demonstates you are passionate about the field and will make finding a job afterwards much easier.
Guest post by Sarah Hewitt