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Qualifications to become a property manager

Discussion in 'Property Management' started by KayTea, 12th Jan, 2017.

  1. KayTea

    KayTea Well-Known Member

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    Just a 'general interest' question (at some point, a career change might be nice……):

    Are there any qualifications required to become a property manager? After becoming one, do you have to be registered etc? If so, what are the job requirements?
     
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  2. MyPropertyPro

    MyPropertyPro SE Qld Property Management & Investor Services Business Member

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    Minimum qualification in Qld is a certificate of registration - see here.

    Obviously you can't run your own business with this but it's also a very basic course. The full real estate licence is also a walk in the park, it just takes a little longer. Basic assignments and exams but nothing difficult, just time consuming over a couple of weeks.

    - Andrew :)
     
  3. KayTea

    KayTea Well-Known Member

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    Thanks, Andrew.

    And don't worry, I have no intentions of managing my own properties - it really was a general interest question. ;) I haven't got the time.
     
  4. MyPropertyPro

    MyPropertyPro SE Qld Property Management & Investor Services Business Member

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  5. D.T.

    D.T. Specialist Property Manager Business Member

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    No minimum in SA but legislation is going through at the moment to change that. But there are courses.

    Certification of WA required

    I've done courses in both those States.

    There's also ongoing CPD offered by each state's institute eg REISA. These are 1 day courses on specific topics. Being REISA members, we get a discount so have done a few of these.
     
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    I got mine here:

    [​IMG]
     
    Last edited: 12th Jan, 2017
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  7. JacM

    JacM VIC Buyer's Agent Business Member

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    Hi @KayTea

    As @MyPropertyPro mentioned, you can do the basic course to become a person eligible to be employed by others as a PM. Or you could go the full license course with a view to working for yourself.

    Keep in mind that property management is dealing with loads of people every day, most of whom are unhappy about something (blocked toilet or whatever the case may be). It would be important to be clear in your own mind as to whether you felt that sort of a work environment is right for you.
     
  8. KayTea

    KayTea Well-Known Member

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    Are you trying to tell me something about my interpersonal skills, @JacM ? ;)
     
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  9. JacM

    JacM VIC Buyer's Agent Business Member

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    Not at all !! You'd do a stellar job of anything you put your mind to :). I just meant to say that I think PMs are under a lot of strain all the time and when you add to that family life and such, it'd be a tough gig.
     
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  10. balwoges

    balwoges Well-Known Member

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    Wow! I did 3 years at TAFE 3 nights a week to obtain my full licence :eek:
     
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  11. Shady

    Shady Well-Known Member

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    LOL...I remember that. Was looking at doing after school but went to Uni instead.

    20 years later I decided to get the full REA Licence and got it the same place as Scott No Mates.

    I think it was $2000 and 5 days (maybe) of not so intense classroom chit chat. May as well have been a corn flakes packet.....plus recognition of prior learning ;)
     
  12. D.T.

    D.T. Specialist Property Manager Business Member

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  13. Scott No Mates

    Scott No Mates Well-Known Member

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    You're right - in some states you need a lobotomy.
     
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  14. MyPropertyPro

    MyPropertyPro SE Qld Property Management & Investor Services Business Member

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    I think it depends on a combination of the person and the agency. The majority of it is time and task management and provided the PM has an established and efficient work flow with proper time and task management skills there should be little to no strain. We break tasks down into normal routine, non-normal routine and non-normal non-routine and allocate time and training accordingly. If you're wondering where we get our way of thinking from, click here.

    Yes, as with any role there are events that can't be planned for (non-normal non-routine), but can be trained for, so generally speaking if a PM is stressed it's either a personal workflow issue or a systemic issue with their agency and support systems.

    - Andrew :)
     
  15. Cert of Registration + License + Trust account
    Insurance
    Background test and absence of criminal history involving dishonesty
    Good Charecter
    A thick skin

    Licensing_and_certification NSW . Varies for states.
    One issue some can fall foul of is acting outside their license. eg Strata matters or holiday rentals when they are not licensed for that matter.
     
  16. DiligentPM

    DiligentPM Well-Known Member

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    Excellent point...great relationship building skills, interpersonal communication skills, solutions-focused mindset, capacity to interpret legislation accurately, demonstrating transparent ethical practice and having some handyman skills does not hurt.

    There is a small profit margin hence if in a high remunerated exec role the switch can be hard financially during the first few years when establishing your agency and if you want to work for someone the financial hit will be hard.
     
  17. Scott No Mates

    Scott No Mates Well-Known Member

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    Cert of registration allows you to work in the industry, a licence requires a Cert IV Real Estate (or above), only a licence holder can open a trust account.
     
  18. albanga

    albanga Well-Known Member

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    Hi All,

    So after 9 years in payroll my wife finally just resigned! Probably should have planned better but when something just isn't right you do first, think later.

    So now we are considering what she could do and something that immediately came up was property management.

    My wife is definitely not a payroll person! How she lasted 9 years ill never know but no doubt she learnt some valuable skills particalurly how to deal with angry people (payroll is up there with the more thankless jobs!).
    She is incredibly outgoing and bubbly and no doubt her people skills are her biggest asset.
    She also loves property.

    So without sounding like a job application, what would be next? Does she require any specific certificate in Melbourne? I don't have a problem putting her through a training course?

    I also have a number of friends who work in or run real estate agents. I don't just want to email then out the blue though without knowing more.

    Keen to hear from those working in the industry. A quick look on Seek definitely shows their is the demand.
     
  19. Scott No Mates

    Scott No Mates Well-Known Member

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    @albanga - A certificate of registration is required as a minimum to work in an agency as a PM or in sales (takes a couple of days max).

    Are landlords any less cheerful than an employee when disbursements are made?