Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Commercial Real Estate Manager Job Description

Job Descriptions December 29, 2013

In the 1980s and before, it was often said that a man who was honest and good with a wrench became the property manager, and his primary job was to collect money and keep cost low. Today, for the people who own buildings in varied areas such as retail, office space, shopping centers or industrial spaces, the quality of the tenant relationship is more important than cheap maintenance. Usually professionals are hired to manage and maintain the properties and all associated daily operations. These professionals are called commercial property managers, a title and reality that is a far cry from the “supers” of yesteryear.

Donald Trump has made a point of saying that college is near mandatory, but there are no nationwide educational requirements for becoming a commercial property manager. Of course a person should have at least a high school diploma and some business experience, particularly in the areas of accounting and or real estate, sales experience may also be helpful. A BA will certainly help set you apart from the less qualified competition. Licensing in real estate also tends to offer more opportunities to the prospective manager, partially because real estate law and liability are fairly specific and can affect the viability of the project.

The Responsibility Ahead of You

Accounting for the income and expenses of the property would be a given. Depending on the size of the operation, the manager may have to make the notations him/herself, but there will often be additional staff in multi-property operations. Aside from the accounting, a property manager will have to visit and inspect the properties, order maintenance, and assure good relations with the tenant. As with any job, there is always that “..and other duties as assigned” clause in any job description, but on the whole, the job is straightforward. You make sure that the property is in good working order, that all the rent is taken in, all the expenses are accounted for and that the tenants have no reason to move, if possible.

Working Conditions

Working conditions are generally peaceful with a few interesting detours along the way. For the most part, you can expect an office, a nominal staff and most holidays and evenings off. The interesting detours would include wearing a suit to work when a pipe breaks in a property. You might call professional help or you might find it more practical to take a wet-van in hand and solve the issue yourself. There may be some travel involved, depending on the number of properties you manage and there locations. Once in a while, you may find it advantageous to take a tenant to lunch in the name of good relations. In this position, you are expected to work quickly and to multitask, all the while providing outcomes for the operation.

Property manager is a jack of all trades, one of the few such positions left these days. You can reasonably expect a salary in the area of $50,000 for your efforts, but that varies between size of operations and location. One would expect that the manager of the Empire State Building in New York City would make considerably more than the manager of a small strip mall in Enid, Oklahoma. Then again, that is the beauty of this career; there is that much variety in it.

The career requires that you have good people skills and the ability to deal with the inevitable minor crisis efficiently and promptly. The job is relatively simple in concept, but it requires that you do everything well because a minor lapse in your management can decide the profitability of an operation, and profit is why the property exists, and why you have a career.

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
  • Over 50 locations nationwide, with a student support team dedicated to helping students grow
  • Join our next Open House on 10/21 (10/28 @ select locations)!
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Login to your account

Can't remember your Password ?

Register for this site!