Real Estate Management
Monday, February 17, 2020
Education & Career
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Real Estate Management : Job Prospects & Career Options

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As many are investing in property, the need to manage these assets be it commercial or residential has increased the demand for those trained in the area of real estate management.

Real estate managers help to coordinate all financial and administrative operations of real estate investments. They generally work with areas like property analysis, property finance, property management or property development. They negotiate the terms and conditions for real estate contracts. Real estate managers or property managers handle the day-to-day financial operations of the property which includes leasing space, collecting rent, and ensuring that mortgage payments, taxes, maintenance issues, payroll and insurance premiums are paid on time.

Real estate managers work for government agencies that manage public buildings, real estate development companies and corporations that have extensive real estate holdings. Real estate Managers also find work with real estate departments in banks, NBFCs and trust companies. They are also employed by property management firms and real estate brokers. Owners of residential homes, apartments, office buildings, or retail or industrial properties as well as home owner associations hire a property or real estate manager for the day-to-day management of their real estate investments. After a few years of experience, the real estate manager can set up consultancy firms or a real estate dealership.

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