The specific licensing requirements will depend on the state in which you live and work. A property management license allows property managers to work in real estate and perform business-related duties in this profession. Related: Learn About Being a Property Manager What is a property management license?Ī property manager will typically need a property management license or real estate broker's license to have a career in this profession. The amount of responsibilities property managers have depends on their contract with the landlord.įor example, a landlord can hire a property management firm to help with one task such as collecting rent or they can stipulate that they want them to handle all business operations for their property in their entirety. This includes taking care of all the daily operations for a property including collecting rent, handling maintenance, tenant complaints and more. Property management refers to the overseeing and management of various commercial and residential real estate properties. Related: Property Manager Resume Samples What is property management? In this article, we will define property management, a property management license and the various duties property managers face on a day-to-day basis. If you're interested in this profession, you'll need to know what property management entails and what responsibilities come with it. Essentially, a property manager is the middle man between an owner and a renter that is responsible for various tasks including handling property upkeep. When a landowner owns a property but doesn't have the time or experience to handle the business-related tasks involved, they have the option of hiring a property manager.
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