Becoming a property manager takes work, time, and a lot of due diligence. If you’re looking for your next career move that involves steady employment and job security, property management in Chicago may be perfect for you. Here are some steps to consider when making this career change.
Do Your Research
When you make the choice to become a property manager, you have to complete specific licensing requirements, each varying within different states. Figure out the guidelines on how to become a property manager in your specific area, following the rules that your state lays out for you. When you discover what is asked of you by your state, you have started the first step. After you’ve met all the requirements, you are able to obtain the right licensing.
Time For Class
Many companies today are trying to stay competitive in the real estate world, meaning they want their property managers to have a bachelor’s degree in business administration, real estate, finance, or something of similar value. Some companies even prefer you to have a real estate license on top of that. Knowledge of real estate development, management, urban planning, and property management are top qualities in a person that a company will look for, so it’s important to be well versed in these.
Having certifications specific to managing properties shows hiring companies and potential clients that you’re committed to the business and display professionalism. Obtaining a real estate broker’s license or a real estate salesperson’s license can open up opportunities for you in more than just property management.
After you’ve become knowledgeable and have the correct certifications, jumpstart your job search to find the one that’s right for you. Make sure you network and let people know you’re pursuing a career in property management in Chicago. Search online job boards and apply to any position that you can see yourself excel at. Lastly, get to know a bunch of real estate agents as they will likely be the ones to hear of openings in this niche. You can set up informational interviews with agents to introduce yourself and allow them to teach you some tips on the business.
Make sure you stay up to date in the real estate market to be the best property manager possible. Engage with other property managers in your surrounding area and stay in line with best practices. Property management in Chicago is interesting and trending, so if you are ready to become involved, follow these tips.