Why start a property management career? It makes you money.

The property management career and property management are the most misunderstood parts of real estate investing.

I discovered that problems with property management are not caused by the business itself, as much as by a lack of education.

If you do not have good property management, then you will have high management costs, bad tenant relationships, high vacancies and that will be the end of your business.

How I started my real estate property management?

• I took the property management very seriously. Eight years ago I passed the real estate agent state examination and I worked for two brokers and managed properties on the side to build experience.

• I got my associate broker license in real estate about four years ago. Now the broker is my Limited Liability Company business entity. I went to school to gain my knowledge before facing the real life competition.

• I start my property management career from the bottom up. My previous experience with real estate renting was being a good tenant for about five years in two different places.

We resettled in the U. S. A. coming from communist collapsing East Europe, in 1990. Our assets at that time were intangible, mechanical engineering education and big hopes.

We did not have this game of “getting rich with properties” in the socialist economies. Actually, it was forbidden to even think about owning properties.

It took me five years to comprehend there is a less risky way of investing by using real estate properties and rentals. At the beginning I took it easy.

For $50 and about one hour conversation with our previous property manager -a very nice lady- I was in business. The management forms I received helped me to build my forms and gave me enough confidence before the closing on my first apartment building.

I was on my way, investing in real estate and managing my own properties for profit.

I am not preaching here to manage your rentals yourself forever. For us, property management is part of getting the necessary life experience to succeed in this new country.

The future of Property Management.

The computer technology is impacting how the business of managing and investing decisions are made:

• automatic valuation and appraisal of individual or corporate investments by computing rents and occupancy in large or small urban areas;
• forecasting and considering the re-development time when the value of improvements descending curve intersects the curve of cleared site or land value by using graphic charts;
• assess the sustainability of urban and economic development considering also the environmental issues;

These are a few of the ideas debated currently in the property management field.

The point is: learn property management using my site, and also go to school, because it helps.

Find schools in your area that offer property management career training.

A positive mental attitude and enthusiasm matter a lot. Studying this website Property Manager Job and also going back to school may help you get the financial independence idea.

This was a big stretch, jumping from managing, renting apartment buildings and property management career to financial independence. The property management and investing is a motivating goal anyway. This website is about financial freedom tools, means and ideas.

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