What is a Leasing Manager?
The main function of Leasing Managers, as their title would suggest, is to oversee the leasing of multiple apartments, condos or houses. It is their job to make sure that each unit of housing is leased as quickly as possible, all leases are completed and filed appropriately and all properties meet a certain set of standards.
Leasing Managers typically report to a higher-level member of staff, such as a Property Manager, while simultaneously overseeing lower-level managers and assistants. They spend their time working both in and out of the office, since their job may frequently require them to visit properties and meet with tenants. According to findings published by the Bureau of Labor Statistics, industry-wide demand for Property, Real Estate and Community Association Managers (which includes Leasing Managers) is increasing by a healthy 8 percent. This is expected to result in the opening of 25,300 new positions between 2014 and 2024.
Leasing Manager Duties and Responsibilities
Advertise Vacant Housing
Meet Monetary Requirements
Leasing Manager Skills
Successful Leasing Managers are multitaskers, forward-thinkers and team leaders. They are able to conceptualize a big-picture idea just as easily as they’re able to deal with every day, nitty-gritty tasks. They’re not afraid to set aside their managerial work to help with administrative tasks, and they thrive on getting results and solving problems. In addition to these general skills and personal characteristics, employers are looking for Leasing Managers with the following skills.
Core skills: Based on our analysis of online job postings, employers are seeking Leasing Managers with the following core skills. If you want to become a Leasing Manager, be sure to master the following.
- Excellent interpersonal skills
- High level of organization
- Ability to motivate others
- Good sense of advertising and marketing strategies
- Professional demeanor
Advanced skills While most employers don’t strictly require these skills, they are often listed as preferred. To get a leg up on the competition, focus on these.
- National Apartment Association (NAA) certification as a leasing professional
- Knowledge of Fair Housing Laws
- Knowledge of Occupational Safety and Health Administration (OSHA) requirements
Tools of the trade Leasing Agents use a variety of tools in their day-to-day work. If you’d like to pursue a career as a Leasing Agent, it would be beneficial for you to become familiar with the following
- Recent versions of Microsoft Office software suites
- Telecommunications equipment
- Standard office equipment, such as fax machines and business calculators
- Digital property management systems such as Yardi and Yieldstar
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Leasing Manager Q & A
What are some of the core duties performed by a Leasing Manager?
What challenges does a Leasing Manager face?
- Maintaining a good occupancy.
- Resident complaints.
- Maintenance issues not being handled quickly and efficiently.
- Major breakdowns of essential services such as HVAC, electrical, etc.
- Depending on the location, neighborhood issues such as car thefts, break-in, etc.
What skills do Leasing Managers use most?
What should someone consider before becoming a Leasing Manager?
What type of person is successful in this job?
What do you find to be the most rewarding about being a Leasing Manager?
Leasing Manager Salary
Leasing Manager Resources
We put together this list of resources to help you continue exploring your career as a Leasing Manager. Whether you’re looking for blogs or books, you’re sure to find something below.
On the WebSpark Blog
Published by Spark Rental, an online automated system for landlords, this blog contains a vast array of tips, tricks and techniques for Leasing Managers and other real estate professionals.LeasingCafe.com
Created specifically for leasing professionals, this website is jampacked with articles, industry news, webinars, career openings and a calendar of events.Buildium Blog
This frequently updated blog features articles on nearly every aspect of property management, from tips for filling out tax forms to educational anecdotes.
On LinkedInProperty Management Insider
With more than 26,000 members, this group is a great place to learn about industry trends, network with fellow professionals and share ideas.Apartments Professionals Network
This group of over 13,000 is geared specifically towards leasing professionals who manage multifamily housing rentals.Lease Administration
As the most niche group on this list, Lease Administration is focused on enabling networking between Leasing Administrators, which includes Leasing Managers.
BooksThe 7 Secrets to Successful Apartment Leasing
This book contains advice on how to fill vacancies, find great renters and communicate effectively.The Book on Managing Rental Properties
Although this book is aimed towards landlords, the majority of its content is applicable to Leasing Managers as well. Covers tenant screening processes, important rental lease provisions and more.Ogilvy on Advertising
This bestselling book can be an indispensable resource for Leasing Managers. If you ever find yourself stumped by marketing and advertising strategies, this book can help.