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Job Description And Average Salary Of A Property Manager In Nigeria

Property Manager Jobs

The real estate sector is one sector that can offer you the flexibility to work at your own pace. For those who wish to work in real estate, a property manager job could be ideal for you. We will be taking a look at the job description and average salary of a property manager in Nigeria. This article will furnish you with insights into the following:

  • Who a property manager is
  • What property management entails
  • How to become a property manager
  • Job brief of a property manager
  • Qualities of a good property manager
  • Requirements and skills needed to work as a property manager
  • The average salary of a property manager in Nigeria

Who Is A Property Manager

A property manager is a qualified individual whose responsibility it is to see that the needs of tenants are met by both residential and commercial properties. This entails setting tariffs, advertising open rooms, and maintaining empty rooms until they are filled.

A property manager’s core duties include:

  • Managing all aspects of assigned properties
  • Designing business plans for assigned properties that suit customers’ needs
  • Inspecting and arranging maintenance to meet standards

On most occasions, property managers work hand in hand with estate agents. A property manager makes sure that their rental properties are maintained in good condition and adhere to local ordinances. They determine the budget, coordinate tenant rent collection, and respond to resident maintenance issues. Property managers are responsible for a wide range of daily tasks, including overseeing all aspects of and creating business plans for the properties they oversee, ensuring that the needs of the properties are met through routine inspections, and upholding a high standard of professionalism at all properties.

Job Brief Of A Property Manager

  • Manage all aspects of assigned properties
  • Design business plans for assigned properties that suit customers’ needs
  • Inspect and arrange maintenance to meet standards
  • Maintain a positive, productive relationship with tenants
  • Negotiate lease/contracts with contractors in a timely and reliable manner
  • Advertise and market vacant spaces to attract tenants
  • Collect receivable accounts and handle operating expenses
  • Develop and manage annual budgets by forecasting requirements and analyzing variances, data, and trends
  • Oversee properties’ personnel and assess their performance
  • Accomplish financial goals and report periodically on financial performance
  • Source and build relationships with prospective clients to expand business opportunities
  • Update job and market knowledge

Qualities Of A Good Property Manager

To mediate between parties with divergent interests and demands, a competent property manager has to be well-versed in communication. They also need to be able to multitask to keep things moving smoothly.

Requirements And Skills For A Property Manager Job

  • Proven work experience as a Property Manager
  • Fully understanding property management and its financial aspects
  • In-depth knowledge of all rules and regulations surrounding property management
  • Competency in MS Office and relevant databases and software
  • Customer focus and bottom-line orientation
  • Interpersonal savvy with strong communication and presentation skills
  • Well-organized with excellent time management skills
  • Valid real estate agent/broker license
  • BS degree in a related field

Average Salary Of A Property Manager In Nigeria

Based on salary estimates of 6 property managers in Lagos, we can authoritatively tell you that the average salary of a property manager in Nigeria is 133,000 Naira. 

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