Property Administrator

Property administrators are typically employed by a large commercial real estate company. The job of a property administrator is to ensure that residential and commercial buildings that are leased by the company are maintained and updated and renovated as needed and to ensure that every aspect of accounting and billing are handled promptly.

The property manager usually has a background in the field of construction management. They are responsible for overseeing and approving every repair and renovation project in the properties they manage to ensure that they meet the the lease's contractual terms and appeal to prospective tenants. They must maintain a strict budget for these projects and make sure that the costs of materials and labor are in line with budgets.

Property administrators also manage maintenance for larger residential or commercial properties, assisting in bidding and approving contracts for landscaping sanitation, custodial as well as snow removing. In a lot of cases the property manager is responsible for the lease's billing process and makes sure that the proper procedures for accounts receivable are in place. They estimate the value of the properties they manage and develop leases that draw new tenants while maximizing the profit.

The educational requirements for an administrator of property is typically an undergraduate degree, which is usually in management, business, or another related area. For companies that expect the majority of the work performed by their managers to be centered around renovation and construction experience in contracting and the management of construction (and any other related certifications in the field) is also a must. Property administrators typically work during business hours however, they are expected to be present at all properties they manage.