How to Become a Commercial Real Estate Manager

Step 1: Understand the job description and responsibilities of a Commercial Real Estate Manager

What does a Commercial Real Estate Manager do?

A Commercial Real Estate Manager manages associates soliciting and servicing a variety of commercial real estate loans. Offers guidance and support to commercial real estate loan officers. Being a Commercial Real Estate Manager works with highly complex loans such as investments, development, and construction. Ensures loan requests are analyzed and evaluated properly. Additionally, Commercial Real Estate Manager authorizes loan requests after credit and appraisal evaluation. Requires a bachelor's degree. Typically reports to a director. The Commercial Real Estate Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Commercial Real Estate Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

People's Opinions on Commercial Real Estate Manager responsibilities

These professionals are called commercial property managers, a title and reality that is a far cry from the “supers” of yesteryear.

02/02/2020: Santa Rosa, CA

Donald Trump has made a point of saying that college is near mandatory, but there are no nationwide educational requirements for becoming a commercial property manager.

02/23/2020: Erie, PA

Of course a person should have at least a high school diploma and some business experience, particularly in the areas of accounting and or real estate, sales experience may also be helpful.

01/27/2020: Ventura, CA

Licensing in real estate also tends to offer more opportunities to the prospective manager, partially because real estate law and liability are fairly specific and can affect the viability of the project.

02/03/2020: Grand Rapids, MI

Depending on the size of the operation, the manager may have to make the notations him/herself, but there will often be additional staff in multi-property operations.

02/23/2020: Santa Ana, CA

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Step 2: Learn best tips to become a Commercial Real Estate Manager

Best tips for those who want to become a Commercial Real Estate Manager

Here are some tips to become a Commercial Real Estate Manager.

People's Opinions on best tips

Be a Top Producer Among Commercial Real Estate Professionals.

01/30/2020: Twin Falls, ID

Become an Expert in Selling Commercial Property.

02/10/2020: Newark, NJ

Ask yourself a lot of questions up front.

02/03/2020: Santa Maria, CA

Learn some commercial real estate vocabulary (and accept the learning curve).

12/29/2019: Lansing, MI

Visit and consider many properties.

12/11/2019: Vincennes, IN

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Step 3: View best colleges and universities for Commercial Real Estate Manager

Best colleges and universities for Commercial Real Estate Manager

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College

Step 4: Think about whether is it worth to be a Commercial Real Estate Manager

Is being a Commercial Real Estate Manager Worth it?

People's Opinions on lifestyles

Enumerating a highly exhaustive outline of Commercial Real Estate Software Market size, this report is also inclusive of the total valuation that the Commercial Real Estate Software industry presently holds, a brief segmentation of this market and Commercial Real Estate Software market growth opportunities of this industry in addition to its geographical expanse.

01/28/2020: Fayetteville, NC

This market report is a thorough analysis of the existing situation and the anticipated condition for Commercial Real Estate Software Market.

01/21/2020: Casper, WY

This research report represents a 360-degree overview of the competitive landscape of the Commercial Real Estate Software Market.

02/22/2020: Nassau, NY

The research report analyzes the Commercial Real Estate Software Market in a detailed and concise manner for better insights into the businesses.

02/10/2020: Atlanta, GA

The report offers a holistic view of Commercial Real Estate Software market through systematic segmentation that covers every aspect of the target market.

12/24/2019: Charlotte, NC

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Step 5: Prepare relevant skills for being a Commercial Real Estate Manager

What skills do you need to be a Commercial Real Estate Manager?

Due to the management level associted with this job, many skills are required to being successful and ensuring the success of your team. It is necessary to be able to excel with: Commercial Customer Development, Lending Regulatory Compliance, Real Estate Appraisal Review, Commercial Real Estate Lending, Loan Authorization. For management positions, some skills may come as a no brainer, for this role those would be: Banking Software. As you can tell, it is no easy feat to be a manager, and the skills required reflect that.

People's Opinions on Commercial Real Estate Manager skills

Requires a 4+ year course resulting in a Bachelor's degree in Business Administration, Real Estate, or a similar field of study, or a demonstrable equivalency in relevant experience.

02/20/2020: Bloomington, IN

Previous experience as a Real Estate Manager is a must.

12/16/2019: Stamford, CT

3-5 years experience in property management of commercial real estate (industrial, office and/or retail) including handling property maintenance and repair, tenant improvements, tenant complaints, contracts, lease administration and enforcement.

02/14/2020: Monterey, CA

In order to prepare for eventual promotion to a Real Estate Manager position, must hold valid real estate Brokers’ License in Oregon and Washington, minimally, plus any other state in which we are required to do so.

12/02/2019: New Suffolk, NY

Every day, Property Managers must use their broad range of skills to face building challenges head on.

02/04/2020: Atlanta, GA

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Step 6: View average salary for Commercial Real Estate Manager

How much does a Commercial Real Estate Manager make?

The average salary range for a Commercial Real Estate Manager is from $177,967 to $239,394. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Commercial Real Estate Manager

$177,967 to $239,394