Updated: Jul 15, 2019
1. You must have a real estate brokers license
To be a property manager in the state of California you must have a real estate brokers license or work for someone who has one. To get your brokers license you'll pass a written examination administered by the state’s Department of Real Estate.
2. Knowledge on rent control policies
The property manager is responsible for making sure the property is running smoothly under the guidelines of the city. This means being in control of rent and understanding the rules and regulations that have been set in place. This may differ depending on the location your property is in.
3. Properly handling security deposits
For unfurnished living spaces a security deposit can be as high as double the monthly rent. As a property manager you must be aware of the current rules for security deposits and stay up to date with them. You must conduct an inspection every time a tenant moves in or out of the property. Be sure to write down the condition of the apartment every time a new tenant moves in and every time they move out.
4. Up to date with health, safety and building codes
As a property manager you must ensure your property meets all health, safety and building codes. Every unit must be up to date and you must be knowledgeable with the current codes provided by Department of Real Estate in your city.