Online Real Estate Management Degrees
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Real estate management involves maintaining properties and overseeing the employees that make the properties successful. Real estate managers help make properties look appealing, run smoothly, and attract tenants, maintaining the resale value of the property. They handle the logistics of running the property so that it generates sufficient revenue for the owner. Apart from resolving any issues and maintenance requests, real estate managers must enforce rent collection policies and ensure that expenses such as taxes, utilities, and payroll are covered.
Real estate managers can operate as on-site managers or asset managers. On-site managers take care of the property on a daily basis by inspecting the facility, performing daily maintenance routines, and keeping up with unexpected repairs. Asset managers are in charge of the development of different real estate properties. They will negotiate contracts, deal with the finances, and handle legal issues.
The work environment of a real estate manager is typically in an office that is located on the real estate property. They spend a great deal of time outside the office as they must research any residential complaints, write the reports, and show apartments or facilities to possible tenants. Overall, they mostly work full time and sometimes have to work or be on call during weekends and holidays. Demographic shifts such as the aging population, and an increased demand for communal living spaces managed by third parties will contribute to growth in this field. People interested in this career field should have some management experience and education in order to get an ideal position.
Featured Accredited Schools Offering Online Real Estate Management Degrees
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- Associate
- Bachelor's
- Certification
Learn more about Ashford University
What are some of the specializations within this degree program?
- Commercial Real Estate: This specialization includes any structures that are purchased for commercial purposes, such as office buildings, retail space, and restaurants.
- Residential Real Estate: This specialization includes homes, condominiums, and apartments in which people reside.
What degree levels are available?
- Bachelor's in Business Administration, Accounting, Finance, or Real Estate Management: 4 years to complete
- Master's in Business Administration, Accounting, Finance, or Real Estate Management: 2 or 3 years to complete
What are the educational and certification requirements?
People who are interested in the field of real estate management will have the best job outlook if they have obtained both a bachelor's and a master's degree in real estate management or a related field. The bachelor's degree will take an average of four years to complete, while the master's degree will take two to three additional years to complete. It is also important for these individuals to have experience in a management position.
In addition to that, these individuals must have a strong background and understanding of the real estate industry as a whole. They must understand the financial aspects as well as the sales and marketing end of the industry as well. In order to buy or sell property in any state, it is required by law that real estate mangers have received certification by their state. Information regarding this licensure can be obtained through your state.
What kinds of classes will I be expected to take?
- Managerial Finance: Although all types of finance can prove useful for learning in real estate, managerial finance is particularly important. It teaches you how to apply financial techniques to practical scenarios, using such tools as working capital and activity based costing.
- Marketing: You have to know how to get the word out about your real estate skills should you ever have a hope of attracting actual work. This class hammers in the importance of proper advertising technique, among other crucial concepts.
- Real Estate Law: This is a fundamental course that all students in real estate will take, bachelor's and MBA candidates alike. However, those at the master's level can expect to engage in legal study at a much more intense level.
- Development in Real Estate: This class helps you learn the actual processes that comprise how real estate actually takes place. You'll learn about manifold topics here, from building renovation to market capitalization.
- Deal Structuring: The art of the deal is your most important weapon to establishing and maintaining a healthy career in real estate. Learn to tell the difference between an LLC and an LP, and C-corporation from an S-corporation.
If I pursue this program online, will I be required to complete any on-site training?
Yes and no. The actual online degree program you take for real estate management will likely not require you to commit to any form of on-site training. However, you will eventually need to be physically present in order to earn your license, as well as to understand the realistic ins and outs of professional contemporary real estate.
What are some other degrees that are related to this program?
Office Management: Students will learn to take charge of planning a great deal of activities that help organizations run smoothly and efficiently. Office managers usually act as the final decision maker for all departments in an office, although in some cases there are corporate executives who provide specific goals and directions. Depending on the size of the company, there may be a number of departments reporting to one office manger, or there could be only one.
Education Administration: Students enrolled in an education administration degree program will learn how to ensure that everything is operating properly in the school or district that they are in charge of. They must manage day-to-day activities, meet budgets, manage the staff, and make sure that everyone is following all policies and procedures within the district's guidelines. These individuals can be principals, deans, board members, or directors.
Real Estate Brokers and Sales Agents: These individuals bridge the gap between the buyers and sellers of real estate. Brokers are licensed to manage their own business, while agents don't have that ability, but otherwise they operate similarly. They spend a great deal of time finding properties to sell, and showing/pricing them for clients.
