- According to Buzzle.com, many property management or real estate companies require that a potential rental manager possess a four-year degree in the real estate or business management field. However, if a client is able to furnish proof of college coursework in business management in addition to experience with a reputable property management company, she may be considered for a rental management position. Additionally, most states require that a rental manager obtain a state Certified Property Manager license.
- Rental managers must have excellent communication and people skills in addition to the ability to manage financial information. Additionally, rental managers must have a working understanding of rental agreements. According to Buzzle.com, rental managers write up rental agreements between the tenant and property management company.
- Most of the work of a rental manager is done from an office. Many rental managers are required to work on-site, which means that they live on the rental property's premise in exchange for free monthly rent and salary. Rental managers are often required to attend evening meetings with property owners and local neighborhood civic groups.
- According to Salary.com, the median salary for a rental, or property, manager is just over $78,000 annually. Several factors can affect a rental manager's salary, including location, the size of the property, the rental manager's credentials and the size of the property management company.
- According to the Bureau of Labor Statistics, job prospects for potential rental and property managers is expected to grow by eight percent through 2018. This is considered to be average growth for all occupations surveyed in the Bureau of Labor Statistics' 2010-2011 edition of the Occupational Outlook Handbook. In 2008, there were an estimated 304,000 employed property managers.