What does an apartment manager do?
Apartment managers oversee the every day activities of apartment complexes. They are responsible for providing service to tenants and attracting new residents to the apartment community. They implement a variety of strategies to keep tenants satisfied and attract new residents by initiating promotions, offering specials for moving-in, and creating a variety of programs. Apartment managers make sure tenants comply by contracts and they explain the necessary terms with residents. They also collect monthly rent, oversee invoices, handle accounts that are delinquent, and pay the necessary bills for the complex. Apartment managers are responsible for supervising personnel, overseeing maintenance procedures, and solving a variety of problems.
What kind of training does an apartment manager need?
Apartment managers typically need at least a high school diploma, but many employers prefer applicants with some postsecondary education. Prospective apartment managers often complete courses in real estate, accounting, finance, and property management. Some aspiring apartment managers obtain part-time jobs working for apartment managers to gain practical experience. Most employers provide on the job training to enable new apartment managers to learn the necessary policies and procedures. Many apartment managers gain professional certification to remain competitive in the field. Requirements typically include minimum education and passing a written examination. Apartment managers must complete continuing education to keep their skills up to date and stay abreast on the current apartment and landlord laws.
What are the prospects for a career as an apartment manager?
Employment of apartment managers is expected to grow about as fast as average for all professions, increasing 8% from 2008 to 2018 (1). The growing population and increased construction of apartment buildings and related structures will drive job growth.
Job prospects should be good especially for apartment managers with extensive experience. Many job openings will stem from the need to replace apartment managers that retire, transfer, or leave the field for other reasons.
How much do apartment managers make?
As of March 2010, apartment managers with less than 1 year experience earn average annual salaries between $13,311 and $31,697. Those with 1 to 4 years experience earn average annual salaries between $18,287 and $36,831 (2).
A career as an apartment manager is an excellent choice for individuals with a strong interest in managing a variety of activities of apartment complexes and related structures. Apartment managers must have a solid understanding of the operation and daily tasks of apartment buildings. Detail orientation, good organizational skills, critical thinking, and great problem solving skills are necessary characteristics. Apartment managers must have excellent communication and interpersonal skills and the ability to interact with a variety of people. They must be able to effectively motivate and lead others and work under stress and pressure.