Some people start as onsite managers of apartment buildings, office complexes, or community associations. I still feel I am not making enough for all the hassle this job provides. With the economy now, we've had vacancies for 3 months and my weekends have been shot, but I get no and no bonuses for extra time spent running the open houses 6 days a week or getting the vacancies filled. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. Salary and Job Outlook The U. In lieu of a written agreement, the two are separate.
If you employ a property manager I suggest you contact your state department of Labor and Industries to determine your reporting requirements. My apartment was actually connected to part of the office. I'm betting that no such employment contract exists, which means good for you, bad for them. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures. Fighting it and going to would be a complete pain in the neck. Managers handle these situations on a case-by-case basis, often issuing verbal or written warnings, fines or eviction notices. After move out, they are responsible for cleaning the unit, repairing any damages and finding a new tenant.
Finally, the apartment manager takes the lead in dealing with troublesome tenants, such as those who make a lot of noise or damage the property. This should include all income and expenses; list of all inspections, signed leases, maintenance requests, any complaints, records of repairs, costs of repairs, maintenance costs, record of rent collection and insurance costs. Earning a Real Estate Broker License to understand laws, regulations, and contracts is also a good idea. After 6 weeks, the owner changed the hours to 9-11am then again from 2pm until 7pm Monday through Friday. I have my real estate license. Job growth for this profession is predicted to be slow, with only a 6 percent increase in jobs anticipated between 2010 and 2020.
I have to disgree with both T and Kate. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. Compare the job duties, education, job growth, and pay of property, real estate, and community association managers with similar occupations. Managers of public housing subsidized by the federal government must hold certifications. I live in my comfortable motorhome, which is fine with me, but maybe not so much for others.
The largest employers of property, real estate, and community association managers were as follows: Real estate 45% Self-employed workers 42 Civic, social, professional, and similar organizations 3 Most property, real estate, and community association managers work out of an office. They may also suggest to the owners what rent to charge. Generally, apartment managers are required to have at least an associate's degree in business management or a similar field. Finances An apartment manager often assumes responsibility for keeping the costs of maintaining the property within a landlord's budget and overseeing day-to-day accounting matters. I knew someone who worked in this field.
They know where to advertise the rental and what to include in their ads. With having tenant rights like any other, you are also entitled to 30 days written notice when the landlord demands you vacate. With related job experience, completing these programs and receiving a satisfactory score on a written exam can lead to certification or the formal award of a professional designation by the sponsoring association. Then again, he made a commission when we bought the property through him, so his palm has been pre-greased. Work Schedules Property, real estate, and community association managers often must attend evening meetings with residents, property owners, community association board members, or civic groups.
I keep them on their toes!! Hope this helps with your question. Anyway, I lived in San Diego and the salaries you guys are mentioning, I do not know how you are even staying alive out there. This is more what I'm looking for, not the guy who manages your 96 unit apartment building or condo complex. What management company do you work for, sounds like they really appreciate a good manager. Some apartment managers do the work themselves, while others delegate that responsibility.
. The law is very clear and from what you've said you have quite a bit of money coming. Knowledge in and managment will greatly increase your salary. I was told i must leave tomorrow. We arent rich but we are comfortable.