What Skills Does a Good Property Manager Need?

Real estate professional Dean Galasso is the founder and president of Mannahatta Properties, which provides property management and real estate development and construction services. In this position, Dean Galasso relies on more than 15 years of experience to help landlords and property managers get the best possible return on investment.

Property management requires the following core competencies:

1. Clear communication. Whether they are responding to a tenant concern or receiving instructions from property owners, property managers must be able to relay information in a timely and accurate manner.

2. Close attention to detail. Especially when dealing with multiple tenants and properties, a small oversight could cause a huge problem. Property managers must be well-organized in order to manage numerous tasks simultaneously.

3. Technical competence. Often, a property manager must utilize digital tools to manage properties and interact with tenants. Familiarity with property management software is a must.

4. Marketing. Because a property manager is often responsible for attracting new tenants, they benefit from marketing experience such as managing social media or creating email newsletters.