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Career and Education Opportunities for Property Managers in Waco, Texas

Property managers can find many career and educational opportunities in the Waco, Texas area. About 37,260 people are currently employed as property managers in Texas. By 2016, this is expected to grow 13% to about 41,910 people employed. This is better than the national trend for property managers, which sees this job pool growing by about 8.4% over the next eight years. 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 $17 hourly or $37,190 per year on average in Texas. Nationally they average about $22 hourly or $46,130 yearly. Incomes for property managers are not quite as good as in the overall category of Specialized Management in Texas, and not quite as good as the overall Specialized Management category nationally. Jobs in this field include: land acquisition manager, on-site manager, and land acquisition specialist.

The Waco area is home to seven schools of higher education, including two within twenty-five miles of Waco where you can get a degree as a property manager. Property managers usually hold a post-secondary certificate, so it will take a short time to learn 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 Waco 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

Baylor University - Waco, TX

Baylor University, 500 Speight Ave., Waco, TX 76798. Baylor University is a large university located in Waco, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,541 students and an admission rate of 51%. Baylor University has a bachelor's degree program in Real Estate which graduated thirty-seven students in 2008.

McLennan Community College - Waco, TX

McLennan Community College, 1400 College Dr, Waco, TX 76708. McLennan Community College is a medium sized college located in Waco, Texas. It is a public school with primarily 2-year programs and has 7,887 students. McLennan Community College has a one to two year and an associate's degree program in Real Estate which graduated twenty and one 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: Waco, Texas

Waco, Texas
Waco, Texas photo by Aboxorocks

Waco is situated in Mclennan County, Texas. It has a population of over 124,009, which has grown by 9.0% over the last ten years. The cost of living index in Waco, 82, is well below the national average. New single-family homes in Waco are valued at $144,900 on average, which is well below the state average. In 2008, three hundred eighty-eight new homes were built in Waco, down from five hundred fifty the previous year.

The top three industries for women in Waco are educational services, health care, and accommodation and food services. For men, it is construction, educational services, and accommodation and food services. The average commute to work is about 18 minutes. More than 18.6% of Waco residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.4%, is higher than the state average.

The unemployment rate in Waco is 7.4%, which is less than Texas's average of 8.1%.

The percentage of Waco residents that are affiliated with a religious congregation, 60.5%, is more than both the national and state average. El Calvario Presbyterian Church, Abundant New Life Assembly of God Church and Adams Chapel African Methodist Episcopal Church are among the churches located in Waco. The most prominent religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.

Waco is home to the Helen Marie Taylor Museum and the Potts Interchange as well as Heart O Texas Coliseum and Kathy Ball Park. Shopping malls in the area include Lake Air Shopping Center and Richland Shopping Center. Visitors to Waco can choose from Budget Inn, America's Best Inns and Best Western Old Main Lodge for temporary stays in the area.