Business club of real estate professionals in 60 countries.
Special consultant with NGO status to the Economic and Social Council of the United Nations Organisation (ECOSOC).
www.fiabci.org
You can become a CPM specialist after covering the whole education program and successfull passed comprehensive exam, a proof of hight professional training under guidance of lond term experienced American lecturers.
Common Employers
Real estate managers are employed by owners of real estate, either directly or through third-party management firms, and the manager’s job is affected by the type of employer.
Common employers of real estate managers include the following:
• Property management firms and full-service real estate companies - providing management services in exchange for a fee (the insider lingo is "fee managers")
• Developers - overseeing company-owned properties
• Commercial banks - managing their investment portfolios or properties held in trust
• Real estate investment trusts - providing expertise in managing groups of investment properties
• Insurance companies - supervising investment properties directly or through third-party managers
• Mortgage brokerage firms - providing real estate management services for lenders and market investment properties to investors
• Specialty users - managing the real estate assets of the military, government, educational, and religious or other specialty organizations
Job Outlook
Job growth among real estate managers is expected to accompany the projected expansion of the real estate and rental and leasing industry. An increase in the nation’s stock of apartments and offices should require more management. Developments of new homes increasingly are being organized with homeowners’ associations that provide community services and oversee jointly owned common areas; these also require professional management. Add to this the impending retirement of the Baby Boomers, and the numbers speak for themselves.
Positions and Typical Job Titles
Real estate management positions require a range of skills in negotiating, managing personnel, financial management, marketing, and leasing and tenant management. You're a sales person, a lawyer, an accountant, and a marketing person, all rolled into one. But chances are, your position will fall into one of these general categories:
Site or Building Manager - the site/building manager is responsible for day-to-day dealings with tenants, leasing, collecting rents, and supervising property maintenance.
Property Manager - the property manager may be responsible for operating a single large property, or a portfolio of several properties.
Asset Manager - asset managers are responsible for long-range planning and evaluation of investment properties. They often analyze a property's physical and financial condition and recommend ways to maximize the owner's return on investment.
Facility Manager - facility managers coordinate the needs of people, equipment, and operational activities within the physical workplace, for government, nonprofit, and private entities.
Property Types
There are a wide variety of property types that require management, each having its own peculiarities and placing unique demands on the manager of that real estate.
From a very broad perspective, the types of properties that require management fall into two categories: residential properties and commercial properties.
Residential Properties
Residential properties are those in which people live, either as rental tenants or as owners. Residential properties generally are defined by the type of ownership, the type of financing, and the types of tenants and/or residents. The list of residential properties that require management is extensive and includes, among others:
• Apartments – conventionally financed
• Apartments − government-assisted and affordable housing, which includes residential rental properties in which the landlord receives all or part of the rent payment from a governmental body
• Public housing − owned and managed by a local or state governmental agency
• Condominiums, cooperatives, homeowners’ associations, and other common-interest developments
• Rental single-family homes
• Mobile home parks – where residents generally own their homes but lease the land and pay an access charge for utilities and common areas
• Single-room occupancy apartments
• Student housing
• Senior housing and housing for the elderly – which can range from independent living to full-scale assisted living
• Military housing − owned and operated by the military directly or by private companies under contract with the military
Commercual Properties
The term commercial property in its broadest definition encompasses all real estate development that is not exclusively residential and typically refers to properties where a commercial activity takes place. This includes:
• Office buildings
• Specialty office buildings, most notably medical office buildings
• Shopping centers, strip centers, malls, and retail properties
• Self-storage properties or mini-warehouses – which resemble rows of attached garages and are used by individuals and small businesses to store and secure their goods themselves
• Industrial property − research and development parks, factories, and warehouses
Business club of real estate professionals in 60 countries.
Special consultant with NGO status to the Economic and Social Council of the United Nations Organisation (ECOSOC).
www.fiabci.org
Web: www.fiabci.bg
e-mail: office@fiabci.bg
Phone: +359 2 9549105
Mobile: +359 888 972103