Being a property manager is hard work. The various responsibilities of the role require a broad skill set, as well as the willingness to work unpredictable hours. Yet with an increase of people renting over buying, many agents are making the move to property management for a more stable paycheck. Feel like you’ve got what it takes? Here’s what employers look for in a candidate.
Stay updated on best practices
Being up to date and in the know is a must for prospective candidates. Showcasing your understanding of the current (and future) residential property market is key, especially in an interview setting. There's no time for resting on previous experiences or outdated practices, especially in today's competitive recruitment landscape.
Know about online marketing
Knowledge of marketing is one skill that separates good candidates from great ones. Being able to show an understanding of online property description and how it relates to desired tenant groups is key. It proves an understanding of the wider market and establishes the level of control over properties that employers look for.
Having practical skills
In the new competitive climate, candidates often forget that the heart of property management is maintenance. Being able to assess the physical issues of your property portfolio and rank them in terms of urgency is the only way to effectively manage property maintenance. Good practical knowledge of building infrastructure and DIY-related tasks is a great thing to display in an interview.
Efficiency is important in every job, but even more so in property management. That means being on top of your time management and prioritisation. Remember, you’ll be heading a team made of a number of different people (from maintenance workers to outside contractors) that’ll be taking on multiple jobs at once. That means you have to manage your own time effectively and also keep on top of other people’s time management too. A large part of this is making sure that you prioritise your tasks and make sure everyone knows the order to do things in. Managing a property effectively means making sure that your whole team runs to a time schedule that you set out.
Learn your legal requirements
It is vital that every property manager has at least a basic understanding of relevant legal requirements. Researching the property and rental law will enable you to make an informed discussion in an interview setting. The best way to prove that you have a good knowledge is to get an ARLA qualification. These specialist and regulated property exams are seen as a benchmark in the industry. Getting your ARLA will show your potential to make comprehensive assessments of each situation and deal with any unfortunate disputes with tenants according to official standards.
Get used to finance software
One of the main responsibilities of property management is keeping track of rent and expenditures. This obviously requires mathematical ability, but what is even more key in the current market, is to be familiar with online property software. This shows a commitment to your employer to managing finances with assured precision and efficiency.
Property management isn’t for everyone: you need to have good property knowledge, a wide range of personal attributes, and be willing to work flexible hours. Those that are up to the task are always the best prepared to deal with the various problems it presents. The key to impressing potential employers is to show your knowledge of the wide range of property management tasks, and your willingness to adjust practices according to the ever-changing market.
If you are looking for a whole new opportunity, Cobalt is always interested to hear from skilled, driven professionals – send us your CV, we’d love to hear from you.
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