A property caretaker, sometimes called a property manager, is responsible for overseeing a piece of property. In some cases, this property might be a single private residence, but it can also be an entire apartment community or commercial complex. The tasks of a property caretaker can range from grounds maintenance to rent collection, and their primary responsibilities include maintaining the look and safety of the property as a whole. Property caretakers are sometimes employed by private individuals, but they may also work for large corporations or real estate companies.
Property Caretaker Educational Requirements
While there is no minimum education required to work as a property caretaker, those individuals hired by corporations will typically need some kind of secondary education degree. A bachelor's degree in a subject like real estate, finance or contract management can be a great way to prepare for collecting rent, handling any disputes between renters and property owners or understanding the financial obligations involved with the property. It may also be beneficial to earn a professional certification from an organization like the Institute of Real Estate Management or the National Association of Residential Property Managers for anyone who plans to become a property administrator, property analyst or any related career.
Property Caretaker Job Market
According to statistical forecasts, there will be a 12 percent increase in demand for property caretakers between 2012 and 2022. This will result in the creation of more than 35,000 new positions in the United States. Between retirement and job movement, there will be approximately 10,210 new job openings in the field each year.
Property Caretaker Salary
The average median salary for a property manager or caretaker is $52,610. The highest salaries in the field go toward those working for real estate firms or the government. The lowest salaries generally belong to property caretakers working for civic organizations.