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DIRECTOR OF PROPERTY MANAGEMENT JOB DESCRIPTION GUIDE
Director Of Property Management Salary Guide
Looking to hire top talent or advance your career? Our expertly researched salary guide for 2024 provides valuable insights into facility management positions!
Director Of Property Management Core Duties and Qualifications
Property management director is often ranked very strategically in any organization since they must oversee timely management and planning of an organization’s portfolio. The director of property management ensures that all the work going on is done in conformity with the laid down budget and quality norms.
The task of ensuring that every property managed is run in a cost efficient and high standard manner and making sure that they stay in good condition and are functional in the long term is given to this position
Desired Profile For A Director Of Property Management
Roles and Duties
Apart from being in charge of day to day affairs, he or she bears the responsibility of property management, repair and renovation and overseeing capital improvement projects. The director of property management is also in charge of the following duties and responsibilities:
- Plan and carry out strategies for property management to improve the portfolio performance.
- Handle leasing, tenant relations, and contract negotiations effectively.
- Oversee financial management, budget control, and monitoring of cost for the course of activities.
- Make sure that the property laws, regulations, and safety standards are strictly followed.
- Preservation of maintenance, renovations, and capital improvements projects.
- Maximize the utility of the property and explore various income-generating opportunities.
- Take responsibility for property management teams and help employees grow professionally.
- Develop partnership with suppliers, contractors, and service providers.
- Track property performance measures and introduce improvement plans.
- Encourage sustainability programs and promote energy saving at the properties.
Qualifications And Certifications
Below are the educational requirements for the role of director of property management sought by the employers:
- Required bachelor’s degree or equivalent in:
- Real estate property management
- Business administration
- Facility management
- Related field
- Master’s degree in real estate, facilities management, business administration (MBA), or related field.
- Professional certifications of Certified Property Manager (CPM), Accredited Manager (ARM), Certified Commercial Investment Member (CCIM), Certified Facilities Manager (CFM), Real Property Administrator (RPA), and others are suggested.
Skills And Expertise
The following is the list of required skill sets and experience for the role of director of property management:
- 10-15 years of prior professional experience in property management, real estate, or related roles.
- Understanding of property management software like Yardi, AppFolio, Buildium.
- Understanding of accounting and financial management software like Xero, SAP, QuickBooks, etc.
- Knowledge of MS Office, Tableau, or Power BI.
- Understanding of local, state, and federal property management laws.
- Proper communication and negotiation skills.
- Strong financial acumen and budgeting skills.
- Strong leadership and team management skills.
- Ability to think and act strategically in solving issues.
RFS HR Consultancy, a Premier Facilities Management Recruitment Provider in the UAE, specializes in connecting top facilities management companies with talented facilities managing professional.
Explore our platform for the latest facilities management positions at top facilities managing firms.
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