Property Manager/Administrator

Property Manager/Administrator

NON – Apprenticeship

AT A GLANCE

Property administrators perform administrative duties and co-ordinate activities related to the management and rental of investment property and real estate on behalf of property and strata property owners. They are employed by property, real estate and strata services management companies, property development companies and by government.

Property administrators perform some or all of the following duties:
  • Negotiate or approve rental or lease of various properties in a portfolio on behalf of property owners and ensure that terms of lease agreement are met
  • Prepare and administer contracts for provision of property services, such as cleaning and maintenance, security services and alarm systems
  • Prepare and administer contracts for provision of property services, such as cleaning and maintenance, security services and alarm systems
  • Co-ordinate the implementation of repairs, maintenance and renovations carried out on buildings and monitor progress and cost of work for property owners
  • Compile and maintain records on operating expenses and income, prepare reports and review rents to ensure they are at market value
  • Ensure that trouble calls received from clients or tenants are acted upon
  • Administer damage deposits
  • May hire and supervise rental agents, property clerks, building superintendents or other support staff performing operational, clerical or maintenance duties.

Note: You might need several years of administrative experience as a property clerk, contract clerk, or administrative officer before pursuing this career.

Source: National Occupational Classification 2011, Property Administrator

RELATED CAREERS

Note: Additional training and/or certification may be required.
MORTGAGE BROKER
REAL ESTATE AGENT

WORK ENVIRONMENT

Property managers maybe employed by property management firms, corporations, building owners, and government agencies. On-site managers work in the buildings they manage, rather than in property management or company offices. If they manage an apartment building, they may live in the building.

You may work in (or with) the following:

  • An office environment
  • Visit the property regularly (possibly more than one building, and larger buildings as their careers advance)
  • Meet with clients & building owners
  • Inspect some aspects of the building
  • Work in a team environment with a variety of professionals (accountants, secretaries, clerks, custodians), maintenance personnel and tradespeople (plumbers and electricians)

Source: Careercruising.com (Property Manager)

ESSENTIAL SKILLS PROFILES

The Government of Canada Job Bank has identified Nine Literacy and Essential Skills (Reading, Writing, Document Use, Numeracy, Computer Use, Thinking, Oral Communication, Working with Others, and Continuous Learning).

Below you will find links to the Essential Skills Profiles for this occupation and/or related ones:

WAGES

According to jobbank.gc.ca, and their Labour Market Information for Manitoba, they list low, medium, and high wages for Property Managers as the following:
LOW WAGE MEDIUM WAGE HIGH WAGE
$11.00 / hour (average in MB)
$19.23 / hour (average in MB)
$30.22 / hour (average in MB)
$11.00 / hour (Winnipeg)
$19.23 / hour (Winnipeg)
$36.06 / hour (Winnipeg)

Source: found here

TRAINING

If you are still in high school, here are some suggested subject areas to study that could help prepare you for further training in this field. Please check if these courses are available at your school and/or whether they will meet your graduation requirements. Some examples may include the following:

  • English
  • Mathematics, Probability & Statistics
  • Science
  • Social Studies
  • Accounting, Economics, Law
  • Business, Management, Marketing
  • Technology

Source: Careercruising.com

In Manitoba, individuals and companies that engage in property management on behalf of a third party (e.g. leasing, collection of rents, handling tenant issues) fall within the definition of “broker” or “transaction” established in The Real Estate Brokers Act. As a result, the property manager must be registered under the Act.

The registration requirements to become a Property Manager are the following:

  1. Complete the Principles of Property Management Course administered by The Manitoba Real Estate Association
  2. Complete Registration Requirements as an individual, a corporation, or a partnership
  3. Complete Application Form for Registration and pay applicable fees (approx. $600 or more)
  4. Provide Business or Trade Name
  5. Provide evidence of a Trust Account
  6. Provide evidence of a Surety Bond or valid MREA Membership
  7. Ensure to register all Salespeople working for Property Manager

Always refer to The Manitoba Securities Commission for up-to-date information regarding the above process.

ASSOCIATIONS

Click the links below for associations related to this career!