Property Managers are required to maintain or increase the value of different real estate investments. They track the performance of both residential and commercial properties and ensure that real estate investments meet their anticipated revenues. These managers handle financial operations of each property and collect maintenance bills, mortgages, and property taxes. They analyze different type of information related to taxes, population growths, property values, zoning, and traffic volume in order to decide if specific properties should be acquired.

Property Managers usually perform many of the following tasks:
• Executing advertising and marketing campaigns.
• Assisting with the implementation of resident services programming.
• Creating supportive environments for residents and property associates.
• Managing safety and health programs.
• Achieving financial solvency.

• Having excellent customer service skills.
• Being tactful.
• Having IT skills.
• Being able to inspect properties and individual units.
• Having good communication skills.
• Being able to maintain confidentiality.
• Having financial skills.
• Being able to perform different tasks at the same time.
• Having negotiation skills.
• Being able to provide accurate response to the clients.

Candidates for Property Manager jobs are required to have an Associate´s or Bachelor´s Degree in Business Administration. Students who want to work in this field are also encouraged to study courses in finance, accounting, real estate, communications, and management to obtain suitable knowledge and skills for future jobs. Some employers require that candidates take training programs conducted by professional associations of the real estate field. Other important background for candidates is having some years of experience in the property management area and the ability to deal with people in a tactful way. The Institute of Real Estate Management offers the Certified Property Manager qualification to professionals working on this field. Applicants for this certification must complete a designated number of courses.