Top 30 Property Management Books (You Need to Read) - Upkeep Media (2022)

Top 30 Property Management Books (You Need to Read) - Upkeep Media (1)

Mastering the skills needed to run a property management company can take a lifetime of experience.

Running a company is tough work.

It’s important you enjoy all aspects of managing a business if you’re going to have a successful property management company.

If you’re looking to expand your knowledge, we made a list of the top 30 books and resources for property managers like yourself.

Ready?

Check out the list below!

(Note:As an Amazon Associate I earn from qualifying purchases. However, we only recommend books we have read and strongly endorse.)

Improve Your Real Estate Management Business With These 30 Amazing Books

  1. They Ask You Answer – By Marcus Sheridan (Marketing)

Marcus Sheridan’s book helps you understand how to approach building a marketing strategy for your property management company. He goes into detail about how to use the internet to bring in countless leads for your business. If you’re not crystal clear on how to use inbound marketing to grow your property management company, this book is for you.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (2)

Buy it here:They Ask, You Answer: A Revolutionary Approach to Inbound Sales, Content Marketing, and Today’s Digital ConsumerTop 30 Property Management Books (You Need to Read) - Upkeep Media (3)

  1. Property Management Systems From A to Z – By Dick Jonilonis (Operations)

If you’re looking to improve your company’s operations this book is for you. Dick Jonilonis goes into detail on how you can improve your operations and motivate your property managers to work within your company’s systems.

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Buy it here:Property Management Systems: From A to ZTop 30 Property Management Books (You Need to Read) - Upkeep Media (5)

  1. Make It Ring by Mike O’Neil, Dylan O’NeilandAudrey O’Neil

This book is a simple 3 step plan to help you get more exclusive property management leads. It’s an effective strategy guide that teaches property management company owners what exclusive leads are and why you MUST have them. Make It Ring is applicable whether you are just starting your property management business or already at a decent size and trying to scale.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (6)

Buy it here: Make it Ring: A Simple 3 Step Plan To Get Exclusive Property Management LeadsTop 30 Property Management Books (You Need to Read) - Upkeep Media (7)

  1. Extreme Ownership by Jocko Willink (Management)

Written by a Navy Seal, Jocko Willink, this book teaches leadership principles you can put to action in your company. Jocko does a great job teaching you how to build an efficient and effective team that will help you dominate your local market.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (8)

Buy it here:Extreme Ownership (How U.S. Navy SEALs Lead and Win)Top 30 Property Management Books (You Need to Read) - Upkeep Media (9)

(Video) Class Creation: Starting from Scratch

  1. Dare to Lead by Brene Brown

The ultimate playbook for developing brave leaders and courageous cultures. Daring leadership is a collection of four skill sets that apply to any property manager that is leading a team. Brown goes into the details of brave work, tough conversations, and showing up to work with our whole hearts.

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Buy it here:Dare to Lead: Brave Work. Tough Conversations. Whole Hearts.Top 30 Property Management Books (You Need to Read) - Upkeep Media (11)

  1. Traction: Get a Grip on Your Businessby Gino Wickman

InTraction, you’ll learn the secrets of strengthening the six key components of your property management business. You’ll discover simple yet powerful ways to run your company that will give you and your leadership team more focus, more growth, and more enjoyment.

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Buy it here: Traction: Get a Grip on Your BusinessTop 30 Property Management Books (You Need to Read) - Upkeep Media (13)

  1. Numbers Game: The science of growing a rent roll by Ben White

Growth is a numbers game in the sense that growth is a science that can be measured, tracked and optimised. This book uses powerful consumer research to show you how every market can be assessed for its growth potential. Every lead source can be identified through one of five growth channels. And every growth goal can be supported with the help of a targeted marketing campaign.

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Buy it here: Numbers Game: The science of growing a rent rollTop 30 Property Management Books (You Need to Read) - Upkeep Media (15)

  1. Clockwork by Mike Michalowicz

Do you worry that your business will collapse without your constant presence?

Mike Michalowicz, the author ofProfit Firstand other small-business bestsellers, offers a straightforward step-by-step path out of this dilemma. InClockwork, he draws on more than six years of research and real-life examples to explain his simple approach to making your business ultra-efficient.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (16)

Buy it here: Clockwork: Design Your Business to Run ItselfTop 30 Property Management Books (You Need to Read) - Upkeep Media (17)

  1. 40 Hour Work Year by Scott Fritz

Whether you are in the early stages of your property management company, experiencing hyper growth, or ready to head for the big money exit, The 40 Hour Work Year will give you the perspective needed to create the business success and personal freedom you desire! Experience Scott Fritz’s entrepreneurial journey first hand, as he shares with you the business tools, action focused exercises and mindset philosophy that allowed him to achieve The 40 Hour Work Year.

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Buy it here: The 40 Hour Work YEARTop 30 Property Management Books (You Need to Read) - Upkeep Media (19)

  1. 4 Hour Work Week by Tim Ferris

Though this book promises a longer workweek than the previous recommendation, it’s a great read that helps you escape your 9-5 lifestyle. Forget the old concepts of retirement and a deferred life plan. There is no need to wait and every reason not to, especially in unpredictable economic times. For living more and working less, this book is the blueprint.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (20)

Buy it here: The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New RichTop 30 Property Management Books (You Need to Read) - Upkeep Media (21)

  1. Growth IQ by Tiffani Bova

Trying to find the one right move that will improve your property management business’s performance can feel overwhelming. But, as you’ll discover inGrowth IQ, there are just 10 simple – but easily misunderstood – paths to growth, and every successful growth strategy can be boiled down to picking the right combination and sequence of these paths for your current context.

(Video) Why You Never Mess With A Guard Of The Tomb Of The Unknown Soldier... (BIG MISTAKE)

Top 30 Property Management Books (You Need to Read) - Upkeep Media (22)

Buy it here:Growth IQ: Get Smarter About the Choices that Will Make or Break Your BusinessTop 30 Property Management Books (You Need to Read) - Upkeep Media (23)

  1. What the heck is EOS? by Gino Wickman

Designed to engage employees in the EOS process and tools,What the Heck is EOS?uses simple, straightforward language and provides questions about each tool for property managers and employees to discuss creating more ownership and buy-in at the staff level. If you want your employees to have a better understanding of EOS, be more engaged, and take an active role in helping achieve your company’s vision, this book is for you.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (24)

Buy it here: What the Heck Is EOS?: A Complete Guide for Employees in Companies Running on EOSTop 30 Property Management Books (You Need to Read) - Upkeep Media (25)

  1. Lean Analytics by Alistair Croll and Benjamin Yoskovitz

This booklays out practical, proven steps to take a young property management company from initial idea to market fit and beyond. Packed with over 30 case studies and based on a year of interviews with over a hundred founders and investors, the book is an invaluable, practical guide for Lean Startup practitioners everywhere.

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Buy it here: Lean Analytics: Use Data to Build a Better Startup Faster (Lean (O’Reilly))Top 30 Property Management Books (You Need to Read) - Upkeep Media (27)

  1. Building a StoryBrand by Donald Miller

Building a StoryBrandwill forever transform the way you talk about who you are, what you do, and the unique value you bring to rental property owners. Donald Miller’s StoryBrand process is a proven solution to the struggle business leaders face when talking about their businesses. This revolutionary method for connecting with customers will provide you with the ultimate competitive advantage.

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Buy it here: Building a StoryBrand: Clarify Your Message So Customers Will ListenTop 30 Property Management Books (You Need to Read) - Upkeep Media (29)

  1. Scaling Up by Vern Harnish

InScaling Up, Harnish and his team share practical tools and techniques for building an industry-dominating business. These approaches have been honed from over three decades of advising tens of thousands of CEOs and executives and helping them navigate the increasing complexities (and weight) that come with scaling up a venture. This book is written so everyone (from frontline employees to senior executives) can get aligned in contributing to the growth of a business.

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Buy it here: Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0)Top 30 Property Management Books (You Need to Read) - Upkeep Media (31)

  1. Be A Successful Property Manager by Roger Woodson

This book is valuable to anyone who is thinking about investing in a rental property or is considering a job as a property manager. It is a unique resource that covers the basics and gives you the information and techniques to operate with efficiency and profitability.

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Buy it here: Be A Successful Property Manager by Woodson, Roger (2006) PaperbackTop 30 Property Management Books (You Need to Read) - Upkeep Media (33)

  1. The Rental Property Manager’s Toolbox by Jamaine Burrell

This book is another great book that brings it back to the basics for property managers who need an easy read or someone who is new to the game. The information presented in this book will allow a rental property manager to become more pro-active, preventing small problems from becoming sticky situations. I recommend this book to anyone interested in simplifying and streamlining their business.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (34)

Buy it here: The Rental Property Manager’s Toolbox: A Complete Guide Including Pre-Written Forms, Agreements, Letters, And Legal Notices: With Companion CD-ROMTop 30 Property Management Books (You Need to Read) - Upkeep Media (35)

(Video) Should I Hire A Property Manager Or DIY It?!

  1. What Every Real Estate Investor Needs to Know About Cash Flow: And 36 Other Key Financial Measures by Frank Gallinelli

What Every Real Estate Investor Needs to Know About Cash Flowremoves the guesswork from investing in real estate by teaching you how to crunch numbers like a pro, so you can confidently judge a property’s value and ensure it provides long-term returns. It is a classic guide to real estate investing and must-read book for anyone at any stage of the investment process.

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Buy it here: What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures, Updated EditionTop 30 Property Management Books (You Need to Read) - Upkeep Media (37)

  1. The Property Management Tool Kit by Mike Beirne

This manual not only provides you with new tips on tenant screening and tenant retention but also prudent property management strategies that you can use as soon as you put the book down. The Property Management Tool Kit goes beyond the basics, giving you all the guidance you need to successfully manage your properties, avoid pitfalls, and make a profit.

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Buy it here: The Property Management Tool Kit: 100 Tips and Techniques for Getting the Job Done RightTop 30 Property Management Books (You Need to Read) - Upkeep Media (39)

  1. Principles: Life and Work by Ray Dalio

Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business. Any property manager or property management company can adopt these principles to help achieve their goals.

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Buy it here: Principles: Life and WorkTop 30 Property Management Books (You Need to Read) - Upkeep Media (41)

  1. E-Myth Mastery: The Seven Essential Disciplines for Building a World-Class Company by Michael E. Gerber

This is the book that will show you the difference between being an entrepreneur versus doing a job. It will show you how to get money when the bank won’t give it to you. How to develop the best people when you can’t afford to pay them competitive wages. How to increase the predictability of what your business is able to promise, and then how to keep that promise, every single time, no matter where you are or what you’re doing.

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Buy it here: E-Myth Mastery: The Seven Essential Disciplines for Building a World Class CompanyTop 30 Property Management Books (You Need to Read) - Upkeep Media (43)

  1. Content Machine: Use Content Marketing to Build a 7-Figure Business with Zero Advertising by Dan Norris

Content Machine simplifies the otherwise challenging process of creating content with impact.It does so by teaching the fundamentals of content marketing, how to create great content and how to stand out from the crowd. This is a great read that’s full of tips, tactics, & strategies that you can use for your property management business right away.

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Buy it here: Content Machine: Use Content Marketing to Build a 7-figure Business With Zero AdvertisingTop 30 Property Management Books (You Need to Read) - Upkeep Media (45)

  1. Think and Grow Rich by Napoleon Hill

InThink and Grow Rich,Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles, and the Law of Success philosophy that forms the basis of his books. This timeless book will teach you the secret of true and lasting success.

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Buy it here: Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series)Top 30 Property Management Books (You Need to Read) - Upkeep Media (47)

  1. The Landlord Entrepreneur: Double Your Profits with Real Estate Property Management by Bryan M. Chavis

The Landlord Entrepreneurshifts the focus from dealing exclusively with residential real estate to building a dynamic property management business. With Chavis’s modern take on real estate, you will learn the five phases of property management and the skills needed to successfully move through them – as well as the hacks and tricks to build your profitable business from the ground up.

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(Video) 2022-06-08 CMAC Meeting

Buy it here: The Landlord Entrepreneur: Double Your Profits with Real Estate Property ManagementTop 30 Property Management Books (You Need to Read) - Upkeep Media (49)

  1. The 21 Irrefutable Laws of Leadership by John C. Maxwell

If you’ve never readThe 21 Irrefutable Laws of Leadership,you’ve been missing out on one of the best-selling leadership books of all time. This book is a must for property managers who have areas of responsibility that impact others. If you want to make a difference in your life and those who work around you, this book should be required reading.

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Buy it here: The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You (10th Anniversary Edition)Top 30 Property Management Books (You Need to Read) - Upkeep Media (51)

  1. Good to Great: Why Some Companies Make the Leap & Others Don’t by Jim Collins

Over five years, Jim Collins and his research team have analyzed the histories of 28 companies, discovering why some companies make the leap and others don’t. From addressing leadership to diving into technology, this is a great read for any property manager’s professional development.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (52)

Buy it here: Good to Great: Why Some Companies Make the Leap and Others Don’tTop 30 Property Management Books (You Need to Read) - Upkeep Media (53)

  1. Getting Things Done: The Art of Stress-Free Productivity by David Allen

Since it was first published more than 15 years ago, David Allen’sGetting Things Donehas become one of the most influential business books of its era. Referred to as the ultimate book on personal organization, “GTD” is now shorthand for an entire way of approaching professional and personal tasks.

Top 30 Property Management Books (You Need to Read) - Upkeep Media (54)

Buy it here: Getting Things Done: The Art of Stress-Free ProductivityTop 30 Property Management Books (You Need to Read) - Upkeep Media (55)

  1. Deep Work by Cal Newport

In short, deep work is like a superpower in our increasingly competitive 21st-century economy. And yet, most people have lost the ability to go deep – spending their days instead of in a frantic blur of email and social media, not even realizing there’s a better way. If you want to separate yourself from the crowd and want your property management team to accomplish important tasks effectively, Deep Work has what it takes to take you to the next level.

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Buy it here: Deep Work (Rules for Focused Success in a Distracted World)Top 30 Property Management Books (You Need to Read) - Upkeep Media (57)

  1. Shoe Dog by Phil Knight

Bill Gates namedShoe Dogone of his five favorite books of 2016 and called it “an amazing tale, a refreshingly honest reminder of what the path to business success really looks like. It’s a messy, perilous, and chaotic journey, riddled with mistakes, endless struggles, and sacrifice. Phil Knight opens up in ways few CEOs are willing to do.” Enough said.

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Buy it here: Shoe Dog: A Memoir by the Creator of NikeTop 30 Property Management Books (You Need to Read) - Upkeep Media (59)

  1. The Effective Executive by Peter Drucker

Peter F. Drucker reminds us that the measure of the executive is the ability to “get the right things done.” This usually involves doing what other people have overlooked as well as avoiding what is unproductive. Even after 40 years, the book remains relevant. It’s systematic writing and practical insight will help any property manager to make the most of their time and business.

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Buy it here: The Effective Executive: The Definitive Guide to Getting the Right Things Done (Harperbusiness Essentials)Top 30 Property Management Books (You Need to Read) - Upkeep Media (61)
There you have it!

30 great books that will equip you and your property management business with effective tools and techniques that were developed by experts in the field.

(Video) 6 Ways to Create Generational Wealth And How To Pass It Down To Your Kids

You don’t need to pay a tuition fee to be a student in the school of life.

Don’t hold yourself (or your potential earnings) back from all the knowledge that’s available one amazon shopping spree away 😉

FAQs

What is the most challenging part of property management? ›

The most common challenge faced by property managers is poor time management. Handling maintenance requests, communicating with tenants, and conducting inspections can fill up a property manager's day leaving no time for the twenty other things that need to get done.

What degree is best for property management? ›

Finance or Accounting degree

The most common degree for property managers tends to be finance-related. Property managers answer to property owners and tenants – both of who are spending or receiving money. Therefore, accounting and money management is part of the property manager's responsibilities.

What are the best characteristics for the property management system? ›

Below is a simple checklist of the top characteristics of a good property manager and full-service property management company.
  • Leadership. ...
  • Standard Operating Procedures. ...
  • Financial Stewardship. ...
  • Vendor Relationships. ...
  • Communication. ...
  • Attention to Detail. ...
  • Responsiveness. ...
  • Commitment to Training.

What are your strengths as a property manager? ›

Here are some helpful tips.
  • Details, Details, Details. A property manager must focus on the details. ...
  • Organized, Organized, Organized. Hand in hand with attention to detail is organization. ...
  • A Great Communicator. ...
  • Quick Response Time. ...
  • Prepared and Proactive. ...
  • Established Relationships. ...
  • Market Knowledge. ...
  • Professional Manner.
25 Apr 2019

What is the most difficult to manage in management? ›

Becoming a Manager: 11 Most Difficult Challenges
  • Taking the Party Line. ...
  • Liaising Between Organizational Levels. ...
  • Using Team Input Effectively. ...
  • Making Challenging Decisions. ...
  • Adapting Management Style to Employee Needs. ...
  • Providing Useful and Timely Feedback. ...
  • Keeping the Pace of Work. ...
  • Asking for Help.
29 Mar 2022

What are weaknesses in property management? ›

Your list of weaknesses might look something like this: Underperforming occupancy rate for specific units. Underperforming in one listing channel. Not yet established in the local rental market.

Where do property managers get paid the most? ›

Highest-Paid Property Managers By State
RankStateAverage Property Manager Salary
1New Jersey$61,181
2New York$60,389
3Connecticut$60,205
4Idaho$57,405
46 more rows
2 Aug 2022

What are the two types of property management? ›

There are four types of property management: residential, commercial, industrial, and special purpose.

How much does a Property Manager make? ›

The average Property Manager salary in the United States is $105,891 as of October 27, 2022, but the range typically falls between $87,730 and $121,471.

What is the most important role of a property manager? ›

One of the most important roles of a property manager is being responsible for all tenants within the property. A property management company is known as a third party explicitly hired to handle daily operations of real estate investment.

What is KPI in property management? ›

Key Performance Indicators, or as they are more commonly known KPIs, are business metrics used to measure, monitor, and manage your property management team and company as a whole. They are critical metrics and indicators that give property managers better insight into their business and forecast future growth.

What are 5 different roles and responsibilities of property managers? ›

Let's go over a few common responsibilities typically held by property managers.
  • Follows Landlord-Tenant Laws And Regulations. ...
  • Acts As A Local Presence For Out-Of-Town Owners. ...
  • Handles Maintenance Requests. ...
  • Shows And Leases Vacant Units. ...
  • Collects And Deposits Rent.
28 Feb 2022

What are the two main functions of a property manager? ›

Functions of a Property Manager

The property manager has a dual responsibility: to the owner or client who is interested in the highest return from the property; and to the tenants, who are interested in the best value for their money, including reasonable safety measures and compliance with fair housing laws.

How do property managers stand out? ›

Consider these three ways property managers can stand out from the competition, and give prospective tenants what they need and expect.
  1. 1: Set a New Gold Standard for Flexibility.
  2. 2: Redefine Convenience.
  3. 3: Rethink the Affordability Equation.
15 Mar 2019

What are the five most significant mistakes made by managers? ›

Top Management Mistakes
  • Not making the transition from worker to manager. ...
  • Not setting clear goals and expectations. ...
  • Failing to delegate. ...
  • Not recognizing employee achievement. ...
  • Failing to communicate. ...
  • Not making time for employees. ...
  • Going for the quick fix over the lasting solution. ...
  • Starting your day without a plan of actionv.

What are the 4 types of management? ›

The four most common types of managers are top-level managers, middle managers, first-line managers, and team leaders.

What are the signs of poor management? ›

List of signs of a bad manager
  • Micromanagement. Micromanagement is one of the most-often-cited characteristics of a bad manager. ...
  • Failure to give feedback. ...
  • Inability to say “no” ...
  • Absence of empathy. ...
  • Gossip. ...
  • Poor communication. ...
  • Over-reliance on employee self-management. ...
  • Disorganization.
7 Sept 2022

What do property managers struggle with? ›

Finding and Keeping New Tenants

The most difficult aspect of any property manager is finding new tenants and keeping them at the property for the long haul. They have to learn marketing strategies and become good at them.

What are your 3 major weaknesses? ›

List of Example Weaknesses:
  • Too self-critical.
  • Too critical of other people's work.
  • Difficulty delegating tasks.
  • Disorganized.
  • Too detail-oriented.
  • Need more experience in X.
  • Impatient with others.
  • Unfamiliar with X.

Why is property management so hard? ›

The role demands that you deal with a lot of different people on a daily basis. This is probably one of the most stressful and damaging aspects of the job. Sometimes it doesn't matter what you do or say, you simply will not be able to deal with some difficult people.

Can you get rich as a Property Manager? ›

Property management can be a very lucrative business; not because it is easy, far from it, but because there are multiple ways to make money from a single property. Some management companies charge a flat fee, while most charge a percentage of the collected rent — usually between 7-10% of the rent amount.

What is the most that Property Manager makes? ›

The best Property Manager jobs can pay up to $166,500 per year.

How can a Property Manager make a lot of money? ›

How to Make More Money as a Property Manager
  1. Increase the rent. ...
  2. Manage multiple rental properties. ...
  3. Leverage technology. ...
  4. Offer additional services. ...
  5. Cut down expenses. ...
  6. Get a real estate agent license. ...
  7. Add value to rental properties. ...
  8. Market effectively- both to tenants and to clients.
21 Jan 2020

What are the 4 types of properties? ›

This brings us to the four types of real estate and the potential benefits each of these have to offer.
  • Residential Real Estate.
  • Commercial Real Estate.
  • Industrial Real Estate.
  • Land.
21 Mar 2022

What is a property manager's first responsibility to the owner? ›

What is a property manager's first responsibility to the owner? Property managers are, first and foremost, responsible for overseeing the ongoing condition of the owner's property(s) and ensuring tenant satisfaction. Other duties—such as seeking tenants and managing evictions—depend on the contract with the owner.

Is it stressful to be a Property Manager? ›

Whether it's demanding residents or unreasonable board members, maintenance headaches or a barely-under-control work schedule, a property manager is in a unique—and uniquely stressful—position. No one knows this better than the property managers themselves.

How do property managers stay organized? ›

Here are organizational and planning tips for property management professionals.
  1. Create a communications protocol with the property owner.
  2. Know which tasks you should outsource, and which ones shouldn't.
  3. Always have a contingency plan.
  4. Minimize paperwork as much as you can.

How much do top property managers make? ›

While ZipRecruiter is seeing salaries as high as $80,887 and as low as $20,842, the majority of Property Manager salaries currently range between $37,714 (25th percentile) to $58,060 (75th percentile) with top earners (90th percentile) making $69,970 annually in California.

What is the hardest part about being a property manager? ›

The hardest part of being a property manager is finding and keeping tenants and ensuring they are satisfied with their living conditions. Managing rental properties requires constant attention.

What are the three components of property management? ›

Responsibilities of a Property Manager
  • Marketing and Financial.
  • Tenant and Occupancy.
  • Facility.
  • Administration & Risk Management.
19 Sept 2022

What are the core duties of a property manager? ›

Property Manager duties and responsibilities

Setting and collecting rent and other fees from tenants. Carrying out property valuations. Managing the property's finances, by keeping accurate records and paying all taxes and levies as necessary. Hiring and supervising any staff employed on the property.

What are the 5 indicators? ›

Top Five Leading Indicators. There are five leading indicators that are the most useful to follow. They are the yield curve, durable goods orders, the stock market, manufacturing orders, and building permits.

What are the 4 main KPIs? ›

Anyway, the four KPIs that always come out of these workshops are:
  • Customer Satisfaction,
  • Internal Process Quality,
  • Employee Satisfaction, and.
  • Financial Performance Index.
25 Sept 2013

What are the 8 roles of a manager? ›

Leadership responsibilities of a manager
  • Goal-setting responsibilities. Managers are responsible for setting goals that align with organizational objectives. ...
  • Training and development. ...
  • Administrative tasks. ...
  • Team and individual organization. ...
  • Leadership.
  • Communication. ...
  • Time management.
  • Reliability.

What are property management skills? ›

What are skills for property managers? A good property manager has the skills to oversee property maintenance, communicate with tenants, manage finances and market available units. These professionals usually have background in property management, maintenance or real estate.

What is the difference between property management and property maintenance? ›

Property maintenance companies provide a service such as snow removal, lawn care, maintenance work, etc. Property management companies handle tenants, marketing your apartments, inspections, move-in, move-out, day-to-day tenant care.

What are top 3 skills for assistant property manager? ›

Assistant Property Manager Qualifications/Skills:

Excellent communication and interpersonal skills. Detail oriented and highly organized. Strong customer service skills.

What task takes up the majority of a property managers time? ›

Create a pre-screening survey

Many property managers will say that the most time-consuming aspect of their job is screening tenants. There's a lot to do and one of the biggest time sucks comes from phone calls and emails from non-qualified tenants.

What is NOI? ›

Net Operating Income, or NOI for short, is a formula those in real estate use to quickly calculate profitability of a particular investment. NOI determines the revenue and profitability of invested real estate property after subtracting necessary operating expenses.

What is one of a property manager's most successful marketing tactics? ›

SEO is one of the most effective property management marketing techniques. It is a process of boosting your website's online presence to enhance its rankings in search engines like Google. Not only that, but when your site ranks high, conversions and revenue have a tendency to increase too.

What are your 5 Weaknesses? ›

Examples of Weaknesses.

Shyness. Lack of knowledge of particular software. Public speaking. Taking criticism.

What are three words that describe your strengths? ›

Some examples of strengths you might mention include:
  • Enthusiasm.
  • Trustworthiness.
  • Creativity.
  • Discipline.
  • Patience.
  • Respectfulness.
  • Determination.
  • Dedication.

What is a good weakness to say in an interview? ›

So as a recap, the four answers that you can give when being asked, what are your greatest weaknesses, are, I focus too much on the details, I've got a hard time saying no sometimes, I've had trouble asking for help in the past, and I have a hard time letting go of a project.

What is challenging for property management? ›

One of the hardest challenges a property manager faces is the growth of the subsequent costs that come from accepting additional projects. Contractors need to be paid, tenants continue to complain, and things slip through the cracks.

What challenges do property managers face? ›

Ranking Property Management Challenges
  • Hiring and maintaining quality staff – 27.
  • Growing revenue – 15.
  • Damage and unexpected maintenance costs – 14.
  • time management – 9.
  • controlling costs – 8.
  • finding and keeping tenants – 6.
  • managing tenant complaints – 6.
  • accounting tasks – 3.

What would be the most difficult part of working in property management and why? ›

Attracting and retaining quality tenants remains the most challenging part of a property manager's job. They will have to come up with targeted marketing strategies to ensure they reach out to the kind of tenants they seek. Here, their judgment plays an important role, especially during tenant screening.

Why do property managers quit? ›

Lack of a career path and job drudgery are key factors.

The 2021 quit rate in property management—25%—slightly exceeds the 23% rate for the full real estate, rental and leasing sector, the U.S. Bureau of Labor Statistics found.

What are three duties of a property manager? ›

Property manager responsibilities include setting and collecting rent, handling maintenance requests, filling vacant units and potentially setting the budget for the property. Property managers often take care of property that real estate investors either do not live near or do not wish to personally manage.

How much do most property managers make? ›

The average Property Manager salary in California is $118,280 as of October 27, 2022, but the range typically falls between $97,994 and $135,683.

What are three examples of risks in property management? ›

Here are a few risks that are associated with property management:
  • Physical risk at the property.
  • Tenant risks.
  • Administration risks.
  • Market risks.

How stressful is being a property manager? ›

Whether it's demanding residents or unreasonable board members, maintenance headaches or a barely-under-control work schedule, a property manager is in a unique—and uniquely stressful—position. No one knows this better than the property managers themselves.

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