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Career and Education Opportunities for Property Managers in Minneapolis, Minnesota

There are many career and education opportunities for property managers in the Minneapolis, Minnesota area. Currently, 3,910 people work as property managers in Minnesota. This is expected to grow 19% to about 4,660 people by 2016. This is better than the nation as a whole, where employment opportunities for property managers are expected to grow by about 8.4%. In general, property managers plan, direct, or coordinate selling, buying, or governance activities of commercial, industrial, or residential real estate properties.

Property managers earn approximately $21 hourly or $44,670 annually on average in Minnesota. Nationally they average about $22 per hour or $46,130 annually. Incomes for property managers are not quite as good as in the overall category of Specialized Management in Minnesota, and not quite as good as the overall Specialized Management category nationally. People working as property managers can fill a number of jobs, such as: homeowner association manager, trailer park manager, and superintendent, renting, managing.

There are three schools within twenty-five miles of Minneapolis where you can study to be a property manager, among eighty schools of higher education total in the Minneapolis area. Given that the most common education level for property managers is a post-secondary certificate, you can expect to spend a short time training to become a property manager if you already have a high school diploma.

CAREER DESCRIPTION: Property Manager

Property Manager video from the State of New Jersey Dept. of Labor and Workforce Development

In general, property managers plan, direct, or coordinate selling, buying, or governance activities of commercial, industrial, or residential real estate properties.

Property managers negotiate short- and long-term loans to finance construction and ownership of structures. They also investigate complaints, disturbances and violations and resolve problems following management rules and regulations. Equally important, property managers have to direct and schedule the efforts of staff and contract personnel and evaluate their performance. They are often called upon to inspect grounds and equipment routinely to establish necessity of repairs or maintenance. They are expected to solicit and analyze bids from contractors for repairs and maintenance. Finally, property managers purchase building and maintenance supplies, equipment, or furniture.

Every day, property managers are expected to be able to articulate ideas and problems. They need to listen to and understand others in meetings. It is also important that they read and understand documents and reports.

It is important for property managers to inspect rents to insure that they are in line with rental markets. They are often called upon to ready and administer contracts for provision of property services such as cleaning and security services. They also negotiate with government leaders, businesses, special interest representatives, and utility companies to get support for new projects and to remove potential obstacles. They are sometimes expected to maintain contact with insurance carriers, fire and police departments, and other agencies to insure protection and adherence to codes and regulations. Somewhat less frequently, property managers are also expected to oversee and oversee operations, maintenance and improvement of commercial or residential properties.

Property managers sometimes are asked to talk with legal authorities to insure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations. They also have to be able to purchase building and maintenance supplies, equipment, or furniture And finally, they sometimes have to negotiate the sale or development of property and complete or review appropriate documents and forms.

Like many other jobs, property managers must have exceptional integrity and be reliable.

Similar jobs with educational opportunities in Minneapolis include:

  • Construction Foreman. Plan, direct, or budget, usually through subordinate supervisory personnel, activities concerned with the construction and maintenance of structures, facilities, and systems. Participate in the conceptual development of a construction project and oversee its organization, scheduling, and implementation.
  • Garden Center Manager. Plan, organize, direct, and coordinate activities of workers engaged in propagating, cultivating, and harvesting horticultural specialties, such as trees, shrubs, and other plants.
  • Legislator. Develop laws and statutes at the Federal, State, or local level.
  • Natural Resources Specialist. Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, and research and development in these fields.
  • Social Service Coordinator. Plan, organize, or coordinate the activities of a social service program or community outreach organization. Oversee the program or organization's budget and policies regarding participant involvement, program requirements, and benefits. Work may involve directing social workers, counselors, or probation officers.

EDUCATIONAL OPPORTUNITIES: Property Manager Training

Dakota County Technical College - Rosemount, MN

Dakota County Technical College, 1300 145th Street East, Rosemount, MN 55068-2999. Dakota County Technical College is a small college located in Rosemount, Minnesota. It is a public school with primarily 2-year programs and has 2,919 students. Dakota County Technical College has a less than one year and an associate's degree program in Real Estate which graduated five and five students respectively in 2008.

University of St Thomas - Saint Paul, MN

University of St Thomas, 2115 Summit Ave, Saint Paul, MN 55105-1078. University of St Thomas is a large university located in Saint Paul, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,960 students and an admission rate of 81%. University of St Thomas has a bachelor's degree and a master's degree program in Real Estate which graduated ten and five students respectively in 2008.

Hennepin Technical College - Brooklyn Park, MN

Hennepin Technical College, 9000 Brooklyn Blvd, Brooklyn Park, MN 55445. Hennepin Technical College is a medium sized college located in Brooklyn Park, Minnesota. It is a public school with primarily 2-year programs and has 5,617 students. Hennepin Technical College has a less than one year program in Real Estate which graduated two students in 2008.

CERTIFICATIONS

Certification in Engineering : Achieving the Certified Professional Landman designation is an important step in the professional development of landmen.

For more information, see the American Association of Professional Landmen website.

Manager of Quality/Organizational Excellence: The Certified Manager of Quality/Organizational Excellence is a professional who leads and champions process-improvement initiatives’ everywhere from small businesses to multinational corporations’ that can have regional or global focus in a variety of service and industrial settings.

For more information, see the American Society for Quality website.

Certified Manager: Certified Manager certification is valued for the credibility and recognition it brings to managers and the organizations for which they work.

For more information, see the Institute of Certified Professional Managers website.

Certified Professional of Occupancy: The Certified Professional of Occupancy (CPO) course is the only comprehensive program covering the entire HUD Handbook 4350.

For more information, see the National Affordable Housing Management Association website.

Fair Housing Compliance: The requirements set forth in the Fair Housing Act and Section 504 regulations are enormously complex and far-reaching.

For more information, see the National Affordable Housing Management Association website.

Specialist in Housing Credit Management: The Specialist in Housing Credit Management(SHCM) certification has been developed by the National Affordable Housing Management Association (NAHMA) especially for management professionals involved with properties developed and operated under the Low Income Housing Tax Credit (LIHTC) program.

For more information, see the National Affordable Housing Management Association website.

Certified Manager of Community Associations: The Certified Manager of Community Associations (CMCA) is the only national certification program designed exclusively for managers of homeowner and condominium associations and cooperatives.

For more information, see the National Board of Certification for Community Association Managers website.

Program Management Professional: Project Management Institute's newest credential is specifically developed to acknowledge the qualifications of the professional who leads the coordinated management of multiple projects and ensures the ultimate success of a program.

For more information, see the Project Management Institute website.

LOCATION INFORMATION: Minneapolis, Minnesota

Minneapolis, Minnesota
Minneapolis, Minnesota photo by BenFranske

Minneapolis is situated in Hennepin County, Minnesota. It has a population of over 382,605. The cost of living index in Minneapolis, 101, is near the national average. New single-family homes in Minneapolis are priced at $451,300 on average, which is far greater than the state average. In 2008, forty-five new homes were constructed in Minneapolis, down from one hundred fifteen the previous year.

The top three industries for women in Minneapolis are health care, educational services, and accommodation and food services. For men, it is educational services, professional, scientific, and technical services, and accommodation and food services. The average commute to work is about 22 minutes. More than 37.4% of Minneapolis residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 13.1%, is higher than the state average.

The unemployment rate in Minneapolis is 7.0%, which is the same as Minnesota's average of 7.0%.

The percentage of Minneapolis residents that are affiliated with a religious congregation, 57.7%, is more than the national average but less than the state average. The largest religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the United Methodist Church.

Minneapolis is home to the Saint Josephs Orphanage and the Hiawatha Municipal Golf Course as well as Beards Plaisance and Mississippi Park. Visitors to Minneapolis can choose from COE Mansion Carriage House, Radisson Hotel Metrodome and Best Western Kelly Inn for temporary stays in the area.