A Property Management Career
Begin a career in Wyoming Real Estate

A property manager assumes the day-to-day building management for owners of houses, apartments, condominiums, office buildings, retail and/or industrial buildings. The property manager’s main objective is to maximize the owner’s return on investment, while maintaining or increasing the property’s value.

Characteristics of Successful Real Estate Property Managers
Those who excel as property managers tend to be:

• Independent and self-motivated
• Detail-oriented and highly organized
• Computer-savvy
• Skilled at managing finances
• At ease with many types of people
• Adept problem solvers
• Professional and dedicated to customer service

A Day in the Life of Real Estate Property Management
Property managers have overall responsibility for a host of daily activities, including:

• Marketing available properties for rent/lease
• Screening tenants, including running credit checks
• Negotiating rental/lease agreements
• Collecting rents and distributing to owners
• Supervising contractors and on-site managers
• Purchasing supplies, paying bills, and maintaining detailed records
• Troubleshooting tenant problems

As a property manager, you’ll need to be good with people. In a typical day, you’ll juggle the needs of tenants, owners, and maintenance contractors. You’ll have to remain calm in the eye of the storm of disputes over noisy neighbors, messy patios, or late rent payments. Keeping good records makes a property manager’s life easier. With a good recordkeeping system, you will know exactly who owes what, when preventive maintenance should be done, and how to quickly fill vacant units with new tenants.

Starting Out in Property Management
After getting your property management license, you may want to run your own property management company or work under a larger organization’s umbrella.

You can also choose to specialize in a particular area, such as:

• Commercial
• Residential
• Rural property
• Condominiums

Unlimited Earning Potential
Though compensation plans can vary, in general, you’ll be paid a percentage of the rental income you manage. So, the more properties you manage, the more you make!

Earnings can vary according to geographic area, specialization, and market conditions. Most importantly, the effort you put in—day in and day out—determines how much you bring home. It’s simple: The harder you work, the more you make. The sky’s the limit!