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Updated about 1 month ago on . Most recent reply

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Eunha An
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I want to properly learn property management. How do I starting

Eunha An
Posted

I want to properly learn property management. How should I get started, and how can I find mentors in the New Hampshire and Massachusetts areas?

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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
Replied

@Eunha An, you posted in the Commercial Real Estate forum.  The skillset required to manage 40 4-family apartments is similar, but different than being a PM on a 300 unit apartment complex, is different than being a PM for a regional mall or office portfolio.  In apartments, the PMs are often responsible for leasing and maintenance.  In true commercial (retail, office, industrial), the PMs are almost purely maintenance/expense side, and leasing is handled by leasing agents.

However, the thing they all have in common is being able to stay on top of a lot of projects at once, being friendly and patient with tenants, and keeping your rolodex of contractors well organized and up to date.

Generally, I think of PMs like servers at a restaurant.  It is a pretty highly demanding job that requires a lot of executive function, but not the best paying job, compared to more corporate roles within real estate.

  • Evan Polaski
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