Landlords who no longer occupy some of their properties often look for tenants. However, they also often need help in doing so. They may not be interested in knowing the procedures because they are unfamiliar.
They may seek the help of a leasing expert for any purpose. In this regard, there is a career dedicated to specializing in leasing and renting residential or commercial premises. It is a good choice considering that a large part of the country maintains a lease.
How do I become a leasing professional?
One of the first things to consider if you want to work in the leasing industry is your level of education. We found that 54.0% of leasing professionals have a bachelor’s degree.
Similarly, 2.5% of leasing experts have a master’s degree, which is higher education. While most leasing professionals need a bachelor’s degree, the only educational requirement is a high school diploma or GED.
Choosing the right expertise is always a crucial first step when studying how to become a leasing professional different evaluations can indicate that bachelor’s or associate’s degrees are the most typical educational achievements for leasing professionals when we examine the most popular specialties.
Bachelor’s degrees or bachelor’s degrees are other degrees that we frequently find on the resumes of leasing professionals. Your previous employment may prepare you for a career in leasing.
For many professional leasing roles, prior experience in a position such as a leasing consultant is required. However, most leasing specialists have previously worked as sales associates or customer service representatives.
Duties of a leasing agent
Leasing professionals recruit new tenants for properties, manage the signing of leases, and provide ongoing support to tenants. Existing tenants become familiar with them and receive individualized service from them.
In addition, they can follow up with potential tenants. Depending on the type of organization a leasing agent works for, the specific functions may vary but generally consist of:
- Meeting prospective tenants, showing them the units they are interested in, and informing them of the property’s advantages
- Draft and sign leases by property restrictions and guidelines
- Performing background and credit checks to approve prospective tenants
- Verifying data and testimonials submitted by prospective tenants throughout the application process
- Obtaining application fees, security deposits, and monthly rent payments from prospective tenants, as well as rent payments from current tenants
- Arrange for necessary maintenance on the property
- Notify tenants of any lease modifications, impending events, or problems with the property
- Create advertising and marketing materials to promote available properties
- Monitor the use of the office, pool, laundry room, mail room, and fitness center, as well as other common spaces
The average salary of a leasing agent
Income potential is the main difference between a leasing agent and a real estate agent. Real estate agents charge a commission. Depending on where they work, they typically earn between 5% and 6% of the total.
A leasing agent receives a salary in between. According to Glassdoor, your starting salary ranges from $12 – $17 per hour or $30,000 per year. However, depending on where you work, your annual compensation can reach $75,000 or more as you advance in your career and earn incentives.
Benefits of completing this professional career
Many reasons make this career one of the most attractive for a large part of the population. Among its advantages, you will find:
You will have many communication skills.
A leasing expert interacts frequently. These discussions and chats with residents will be smoother if you have good communication skills. It will be your responsibility to simplify something as difficult as a lease so that tenants from diverse backgrounds and rental experiences can understand it.
Tenants will feel more comfortable coming to you for help with other future difficulties by knowing your ability to express yourself and explain different ideas. You will learn to understand each property space to give the next tenants all the necessary explanations.
You develop an excellent eye for detail
Leases are complex legal contracts that must be carefully reviewed before being granted. For tenants to properly understand the policies they agree to, the language must be clear and straightforward.
Before applicants are allowed to sign the lease, the leasing consultants are also responsible for interviewing them, including details about their occupation, criminal history, and experience as a tenant.
All of this you will be able to do without too much effort upon completing your studies as a leasing agent. You will understand all parts of the contract and will be able to convey what is written with ease. In addition, you will be able to easily see if you did not properly draft any of the parts.
Writer and content creator interested in Entrepreneurship, Marketing, Jobs and landlord issues. I have a bachelor’s degree in Communication from the Andrés Bello Catholic University, VE, and I also studied at Chatham University, USA. In this blog I write and collect information of interest around agreements, property and mortgage.