REAL ESTATE MANAGEMENT IS A FASCINATING CAREER. It requires a great sense of responsibility, patience and understanding of people's needs, a strong footing in finance and property law, and a substantial knowledge of how many things work, from construction equipment, to plumbing and air conditioning, to elevators and ventilation systems. Many people who have chosen this career have done so because of the variety involved and the surprising number of new and unusual challenges that come up on a regular basis. It appeals to people who are too restless to sit in an office all day, but who also appreciate being able to get back to a desk where they can regroup and get themselves organized for the next challenge. Apparently, the variety plus the high level of activity keeps real estate and property managers happy, as Forbes magazine, in a recent study, ranked this career as second out of the 20 most satisfying jobs in America. Forbes also indicated that these managers have an overall job satisfaction index of 4.7 out of 5. Besides providing an array of fresh challenges, a career as a real estate manager offers a good salary range and chances for advancement. It is also a career for which substantial growth is seen over the next several years, with estimates of thousands of new real estate and property management jobs becoming available over the course of the next decade. Some real estate management firms work with one or two of these types of properties, while others serve a broad range. Whatever the property type, real estate managers are charged with making sure the properties they are responsible for have an appealing appearance and are well maintained. It is up to them to preserve the property's value, whether for renting, leasing, or resale. Real estate managers collect the rent, one of the responsibilities that go back to the very origins of the profession. They are often also responsible for advertising and showing available properties to potential new tenants, and dealing with problems between tenants as well as between the tenant and the landlord. It is also their job to evict tenants who either do not pay the rent or who are in violation of rules regarding the use of the property. It is a job for people with strong personalities who also know how to get along with a wide variety of people. It requires computer skills, the ability to communicate effectively in person and in writing, and a willingness to pitch in and get your hands dirty if the situation calls for it. This would be especially the case when someone is starting out. As an assistant real estate manager, you are more likely to help out the maintenance and janitorial staff when there is a mess that needs cleaning up. Where can it lead? From an entry-level position, the job can grow into a senior management role. It also serves as a great training ground for getting into real estate sales and even into purchasing or developing your own real estate projects.

With its practical guidelines and real-world examples, this book takes readers through all the many different opportunities and challenges they're likely to face. The new edition features chapters on how the profession is evolving, including how today's professionals are using technology to make their jobs easier and more lucrative.

This book will teach you how to: • Achieve wealth and cash flow through real estate • Find property with real potential • Show you how to unlock the myths that are holding you back • Negotiating the deal based on the numbers • Evaluate property and purchase price • Increase your income through proven property management tools

Part One - Introduction to the Real Estate Industry. Part one of the book provides an overview of real estate and real estate careers. It introduces the basics of real estate as well as of the real estate industry, the different types of residential as well as commercial real estate, and provides a survey of 35 real estate as well as related careers.Part Two - Introduction to Real Estate Sales. Part two looks at what successful real estate agents do, from establishing properties' value to closing deals. It looks at the valuation (pricing) of real estate, how agents handle occupied properties they list for sale, how agents handle vacant properties, what agents do to market properties, how agents manage offers, and how agents handle closings (escrow). This part of the book is laden with technical details and procedures. They are provided to you so you can determine if real estate sales are genuinely for you. Part Three - What It Takes to Succeed in Real Estate SalesPart three looks at what it takes to be a successful real estate agent. It looks at the skills you should possess as an agent, how to choose the right brokerage for you to join, and how you should market yourself, your brand, and your services as an agent once you join a brokerage.Part Four - Additional Real Estate CareersPart four provides a more in-depth look at additional career opportunities in and related to the real estate industry. It looks at real estate finance, property management, real estate auctions, 1031 exchanges, residential leasing, commercial leasing, and investing in real estate.