A regional property manager is a coveted position in the property management industry. The regional manager is responsible for overseeing the operations of multiple properties and as such is typically an individual who yields a lot of influence and authority within a particular company. While the specific steps may differ, there are some general guidelines that many follow to become a regional property manager.
There are several important things that the person who wants to become a regional property manager should consider. The first is that it is critical to become a student of the business and to achieve success at every level in the property management industry. While it may sound like a cliché, each step on the ladder really does build upon each other, and provides the proper foundation to not only achieve a regional manager position, but to succeed in it.
Although it is not always required, it is helpful to have a four year degree with an emphasis in business to become a regional property manager. Many companies will not require a degree to enter the property management field, but may require a degree to become eligible for promotions to higher level positions. In addition to, or in lieu of formal education, many regional managers have also taken advantage of property management industry education programs.
Many local apartment associations offer training and certification programs that industry professionals find useful. Two of the most prestigious certifications are the Certified Apartment Manager (CAM) and the certified National Apartment Leasing Professional (NALP). Those that complete the courses are eligible to use the CAM and NALP designations. While it is not always required to have a CAM or NALP designation to become a regional property manager, many employers do prefer it.
Most people entering the field of commercial or rental property management typically start at an entry level leasing position; even those with college degrees. The leasing consultant is responsible for leasing property to prospective clients and also for the retention of current tenants. Although considered entry-level, the leasing consultant is one of the most vital positions in a company and the experience in leasing is immeasurable for someone desiring to become a regional property manager.
The next step up in the property management industry, especially on the rental property side, is usually an assistant manager position. In addition to sales and customer service, the assistant manager is often the person responsible for collecting and processing rental payments and keeping track of accounts receivables and payables. The next position above an assistant manager is usually the property manager.
Property managers are often considered some of the most important employees in a company because they directly oversee the operations of a property. The property manager position is typically the most direct springboard for the employee desiring to become a regional property manager. It is generally at the property manager level where employees may have the greatest opportunity to distinguish and set themselves apart from the competition to become a regional property manager.