If their company does not have a leasing agent, they advertise spaces and interview prospective tenants. They negotiate and prepare lease or rental agreements for tenants. They send rental fees according to local rates and in line with expenses. They also receive and record rental fees and other fees submitted by on-site managers. Record-keeping is a large part of a property manager s job.
Property managers make payments on mortgages, taxes, insurance, payroll, and maintenance expenses.
There are no fixed education requirements for property managers, although education and certification affect earnings as well as advancement prospects. Most employers hire college graduates for property management positions. A degree in business administration, finance, real estate, public administration, or related fields is preferred. Louis, Southwest Missouri State University, Watterson College. The employment outlook is expected to increase through the year 2005.