There are many good and bad aspects of any job, and being fully aware of them in advance cannot be a bad thing. Starting an IT business requires your own unique skill set to deal with the situations you’ll find yourself in, so here are some good insights on how to get into the industry.
The professionals ……
Being a top-tier property manager requires you to constantly do your job and the mundane tasks that surround you. Your daily tasks can range from coordinating repairmen to making sure your newest customer is included in the lawn maintenance program. Regardless of the degree of service your agency offers, you will need to be organized to manage this long list of powerful 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 won’t be on your short list of friends or confidants, but they will expose you to new perspectives and mental approaches. This will expand your own experience with people and increase your confidence in dealing with people.
Property management will also push you to expand your personal limits when it comes to learning. Some days, you will have time to consider marketing or other advertising methods your agency needs, while other days, you will be engrossed in paperwork and working with uncooperative tenants. Diversity in 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 aspect of this is that you are developing knowledge and skills as a real estate investor. Of course, many successful real estate investors never managed a single property, but that doesn’t mean that management doesn’t show you a certain insight into real estate investing that you might not have otherwise received.
The cons …..
The downside of property management is more or less similar to the downside of any other business or job. Very few property managers work less than full time, depending on the amount of money they plan to make each month. While that’s true for almost every job or business, the demands of sticking to 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 is their job to verify their past and reveal anything that may be a material fact that may prohibit them from renting, and they know it. Working with elusive and deceptive people is exhausting and can be depressing, but put it all in one day at work and you’ll go a long way.