The world of rental real estate is vast, and so are the job opportunities for those interested in pursuing a career in the field. Rental real estate job opportunities range the full spectrum of real estate including sales and leasing, administrative, managerial, professional, construction, and more. Below we take a look at several of the major categories of jobs available in the rental real estate industry.
Property Management Jobs
Rental property management jobs have become increasingly popular over the last decade. This career path caters to individuals who enjoy a very diverse day of real estate oversight. Pursuing a career in property management requires strong organizational, communication and technical skills. Property management as an industry on its own is overall very stable, as there is always a perpetual need for people to manage rental properties regardless of economic conditions.
Construction jobs related to rental properties are an important source of jobs in the real estate sector. Jobs in this area of real estate can range from in-field contractors and tradespeople ,to office-based engineers and project managers. Skilled laborers and tradespeople can build and maintain existing rental properties, but they can also help create new ones by renovating existing rental unit buildings or constructing new ones.
Real Estate Sales & Marketing Jobs
Real estate sales and marketing jobs can not only be one of the more exciting job sectors of real estate, but also the most lucrative. The most common jobs in real estate related sales and marketing are real estate agents and leasing agents. Like most sales jobs, they are typically commission based, but the high-dollar values of rental real estate properties, make job compensation proportionately high as well for top earners. Note that these kinds of jobs are not for the faint of heart. They require dedication, determination in the face of adversity, and the ability to problem solve complex real estate issues.
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Real Estate Finance Jobs
Rental property finance jobs can be great opportunities for those who enjoy understanding how real estate financial transactions and economics work. Jobs in this area of real estate can range from corporate back-office analysis, to in-person loan consultations. Individuals with analytical and technical capabilities can use their skill sets to understand the mechanics of real estate financial constructs. Real estate finance jobs are also a great way of becoming knowledgeable about the investment banking sector since it involves staying up to date with pertinent changes in the industry.
Real Estate Law Jobs
Careers in the area of real estate law are professional paths that take a deep dive into the legal aspects of owning and operating rental properties. The most common type of real estate law jobs are Lawyers and Paralegals. They are employed by real estate law firms typically undertake a wide variety of duties, ranging from evaluating and drafting contracts to litigating disputes that may arise. Such jobs require in-depth knowledge of the relevant laws and regulations associated with renting property, as well as solid communication and negotiation skills to find the best solution to any contentious issues.