Career Story: Property Manager For A Large Commercial Real Estate Company

Property Manager For A Large Commercial Real Estate Company

Job Title: Asset Manager/Property Manager

Type of Company: My company buys, develops, manages and sells commercial real estate.

Education: BA, Business, Western New England College (Springfield, MA)

Previous Experience: I started as a property accountant, became an analyst for an asset management department and was promoted to asset manager.

Job Tasks: On the property management side, I am responsible for insuring our properties are well run. This includes maintaining the properties' curb appeal and insuring that everything works the way it should -- heat, A/C, doors, bathrooms, vending machines, parking lot lights; that trash collection, snow removal, janitorial service, window cleaning, landscaping and so on are being performed as they should be; and that the buildings are all fully leased. I'm responsible for hiring contractors and overseeing all work on the property; this goes for repairs, scheduled maintenance and capital improvements. In addition, I deal with any issues tenants may have or improvements they've asked to make to the spaces they rent. This could include wanting to build-out vacant space or lease vacant spaces. The job also entails creating a budget at the beginning of the year and a 5-year projection for capital improvements.

On the asset management side, I am responsible for the overall profitability of the real estate portfolio. This includes the acquisition, management and distribution of property. I deal with real estate brokers when I'm looking for properties to buy and take full responsibility for the financial and structural viability of the ones I recommend. This entails a lot of financial analysis, legal work and negotiations. Among the things I have to be careful to evaluate are the viability of tenants (tenant mix); what improvements will add value to the property and how to improve our return on investment. Selling a property can be just as much work as buying; finding a broker, pricing, offering package and negotiations are all important and time-consuming aspects of disposing of a property.

Best and Worst Parts of the Job: The best part of the job is that I'm not doing the same thing every day. I can be working in the office one day and out at the properties the next, meeting with tenants, contractors, brokers, sellers or buyers. You need a lot of common sense, good communication skills and general knowledge.

The worst part of the job is not meeting your rate of returns, things running over budget or dealing with a bad contractor.

Job Tips:
1. Having good people skills will benefit a person looking to get into this line of work.

2. Good math skills are also just as important in meeting goals and making good decisions along the way.

3. A general knowledge of real estate and commercial construction is also important in this line of work.

Popular Schools offering Property Management Programs

quickinfoThese schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles).

Request info from multiple schools, by clicking the Request Info links.

Matching School Ads

You've found Ashford University, where school comes to you. Earn your bachelor's or master's degree online.

  • Programs: BA/Real Estate Studies
  • Degrees: Bachelor

Since 1949, Grand Canyon University has been a premier private university in Arizona, helping students find their purpose and achieve their potential.

  • Programs:
  • Degrees:

Try Your Introductory Course Risk Free

  • Programs: Master of Arts in Human Dynamics
  • Degrees: Master
The Art Institutes system of schools
North Hollywood, Sacramento, San Bernardino, San Diego, San Francisco, Santa Ana

With an education from an Art Institutes school, imagine what you could create.

  • Programs: Culinary Management (BS), Hospitality Food & Beverage Management (BS)
  • Degrees: Bachelor

Pursue a certificate, master, or doctorate degree in Psychology at The Chicago School for Professional Psychology

  • Programs: M.A. in Industrial and Organizational Psychology: ARP Track , M.A. Organizational Leadership
  • Degrees: Master
California College San Diego
National City, San Diego, San Marcos

The Secret to Getting Ahead is Getting Started

  • Programs: Business Management & Accounting - Property Management (AAS)
  • Degrees: Associate

As home sales increase, you can be ready to launch a new career. Allied’s real estate programs provide the perfect way to start a professional career - one with unlimited opportunity! Put yourself at the forefront of the real estate field as a salesperson, broker or appraiser.

  • Programs: Nevada Real Estate License
  • Degrees: Certificate

Purdue University offers a strong foundation of tradition and history.

  • Programs: Master of Science in Hospitality and Tourism Management
  • Degrees: Master
ABCO Technology
Los Angeles

ABCO Technology is an accredited computer training academy that offers diploma programs for individual students, professionals and companies to learn different areas of Information technology and seek gainful employment.

  • Programs: PMP, Project Management
  • Degrees: Certificate
Matching School Ads

Additional Career Stories for Property, Real Estate, And Community Association Managers

The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.

All Types

You are visiting:

Find a school near you

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

Back to Top