There are many good and bad aspects of any job, and being fully aware of them from the start can’t be a bad thing. Starting an IT company requires its own unique skill set to deal with the situations you will find yourself in, so here are some good insights on breaking into the industry.
The professionals……
Being a top notch property manager requires you to consistently do your job and the mundane tasks that surround it. Your daily tasks can range from coordinating repairmen to making sure your new customer is included in the lawn maintenance program. Regardless of the level of service your agency offers, you will need to be organized to manage this long list of highly varied tasks, but that is a unique aspect in itself. offers a wide spectrum of things to do.
It will definitely expose you to many different personality types. Most of the people you meet will not be on your short list of friends or confidants, but they will expose you to new perspectives and mental approaches. This will broaden your own experience with people and increase your confidence in dealing with people.
Property management will also push you to push your personal limits when it comes to learning. Some days, he’ll have time to consider the marketing methods or other publicity his agency needs, while other days he’ll be knee-deep in paperwork and working with tenants who aren’t very cooperative. The diversity of tasks and workload is what makes you stretch and grow in ways that can only be positive, as long as you maintain a positive attitude.
The biggest positive is that you are developing knowledge and skills as a real estate investor. Of course, many successful real estate investors have never managed a single property, but that doesn’t mean management won’t show you some perspective on real estate investing that you might not have received otherwise.
The cons…..
The downside of property management is pretty much the same as the downside of any other business or job. Very few property managers work less than full time, depending on how much money they plan to earn each month. While that’s true of almost every job or business out there, the demands of following your own schedules and to-do lists can be more exhausting than a normal job.
The worst aspect is that you often deal with people who try to hide certain information from you. It’s their job to check on your past and reveal anything that might be a material fact that might prohibit them from renting, and they know it. Working with evasive and deceitful people is exhausting and can be depressing, but consider it all in a day’s work and you will go far!
