Most persons enter the occupation as an on-site manager of an apartment complex, condominium, or community association, or as an assistant manager at a large property management company. Opportunities should be best for persons with college degrees in business administration and related fields. About 40 percent were self-employed, over twice the average for other executive, administrative, and managerial occupations.
Many people own real estate in the form of a home.
To businesses and investors, however, properly managed real estate is a potential source of income and profits rather than simply a place for shelter. For this reason, property managers perform an important function in increasing and maintaining the value of real estate investments for investors. In general, property managers oversee the performance of income-producing commercial and residential properties or manage the communal property and services of condominium and community associations. Most property managers work in the field of property management. Property managers handle the financial operations of the property, seeing to it that mortgages, taxes, insurance premiums, payroll, and maintenance bills are paid on time.