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Are you interested in a career that involves managing properties and ensuring they run smoothly? If so, becoming a property or condominium manager might be the perfect fit for you. In this profession, you will oversee and coordinate the administration, accounting, maintenance, operation, and improvement of residential, commercial, industrial, and condominium properties.
To become a property or condominium manager, you typically need a high school diploma, and certifications may be required depending on the province you're in. The average salary for this position is around $31.66 per hour, and there is an approximate demand of 4,900 managers per province each year.
As a property manager, your main responsibility is to manage rental properties on behalf of owners. This includes collecting rents, serving notices to vacate, maintaining an inventory of rentable spaces, marketing vacancies, and reviewing and setting rent prices. You will also negotiate and administer leases and other legal agreements.
Condominium managers, on the other hand, work on behalf of a condominium board. You will collect condominium contributions and assessments, ensure compliance with the Condominium Property Act and other applicable codes and bylaws, manage board meetings, and keep records of board decisions and actions. Additionally, you will oversee the capital reserve fund study, which is conducted every 5 years.
While the specific duties of property and condominium managers may vary, they generally deal with concerns such as insurance, maintenance, parking, security, rules and regulations, and utilities. It is your responsibility to regularly inspect the property, obtain quotes from contractors, supervise janitorial and security services, approve invoices, and prepare reports on topics like energy management and upgrades.
Working conditions for property or condominium managers typically involve working in an office setting, but you will also spend a significant amount of time inspecting properties and overseeing contractors. To excel in this field, you will need to possess traits such as diplomacy, patience, flexibility, customer service skills, and strong communication skills. Organization, time-management, and negotiation skills are also crucial. Additionally, you should enjoy working with a variety of people and possess a methodical approach to your work.
If you're interested in pursuing a career as a property or condominium manager, the relevant National Occupational Classification (NOC) codes to consider include:
- 2006 NOC: Property Administrators (1224)
- 2006 NOC-S: Property Administrators (B314)
- 2011 NOC: Property administrators (1224)
- 2016 NOC: Property administrators (1224)
- 2021 NOC: Property administrators (13101)
By acquiring the necessary education and skills, you can embark on a rewarding career in property or condominium management.