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Career and Education Opportunities for Property Managers in McKinney, Texas

Many educational and employment opportunities exist for property managers in the McKinney, Texas area. There are currently 37,260 working property managers in Texas; this should grow by 13% to about 41,910 working property managers in the state 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%. Property managers generally plan, direct, or coordinate selling, buying, or governance activities of commercial, industrial, or residential real estate properties.

A person working as a property manager can expect to earn about $17 hourly or $37,190 annually on average in Texas and about $22 hourly or $46,130 yearly on average in the U.S. as a whole. Compared with people working in the overall category of Specialized Management, people working as property managers in Texas earn less. They earn less than people working in the overall category of Specialized Management nationally. People working as property managers can fill a number of jobs, such as: real estate firm manager, building custodian, managing, supervising, renting, and land development manager.

The McKinney area is home to fifteen schools of higher education, including one within twenty-five miles of McKinney where you can get a degree as a property manager. Given that the most common education level for property managers is a post-secondary certificate, you can expect to spend a short time studying to be 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 McKinney 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.
  • 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

Collin County Community College District - Plano, TX

Collin County Community College District, 4800 Preston Park Blvd., Plano, TX 75093. Collin County Community College District is a large college located in Plano, Texas. It is a public school with primarily 2-year programs and has 21,000 students. Collin County Community College District has a less than one year and an associate's degree program in Real Estate which graduated fourteen and three students respectively 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: McKinney, Texas

McKinney, Texas
McKinney, Texas photo by Agriffin

Mckinney is situated in Collin County, Texas. It has a population of over 121,211, which has grown by 122.9% in the past ten years. The cost of living index in Mckinney, 90, is below the national average. New single-family homes in Mckinney are valued at $168,500 on average, which is below the state average. In 2008, nine hundred eighty-seven new homes were built in Mckinney, down from 1,662 the previous year.

The top three industries for women in Mckinney are health care, educational services, and professional, scientific, and technical services. For men, it is construction, computer and electronic products, and professional, scientific, and technical services. The average commute to work is about 27 minutes. More than 39.1% of Mckinney residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.3%, is higher than the state average.

The unemployment rate in Mckinney is 7.8%, which is less than Texas's average of 8.1%.

The percentage of Mckinney residents that are affiliated with a religious congregation, 53.7%, is more than the national average but less than the state average. Redeemer Presbyterian Church, Eternity Community Church and Church of Christ are some of the churches located in Mckinney. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Mckinney is home to the Estes House and the A M Scott House as well as Mouzon Park and Murphy Park.