What is a Real Estate Technical Property Manager, and what are the required skills and studies to become one?
A Real Estate Technical Property Manager is responsible for all ongoing technical management and development of real estate properties.
She/He is responsible for managing the technical aspects of a property, such as its physical structure, systems, and equipment. This can include tasks such as maintaining and repairing the property, ensuring that systems are functioning properly and coordinating with contractors and vendors to perform necessary repairs and maintenance.
What are the different job titles?
- Technical Property Manager
- Property Manager – Technical
- Technical Property Manager Commercial Real Estate
What is the role of a Technical Property Manager?
This person is supporting commercial property management in technical matters. This person ensures the ongoing technical operation of the properties and the implementation of all necessary maintenance measures.
She/He may also be responsible for managing budgets and schedules related to the property’s maintenance and repair and ensuring that the property follows relevant laws and regulations. They may work in various settings, including office buildings, apartment buildings, retail centres, and other commercial and residential properties.
What are the main tasks?
The main tasks that you could find in a job description are the following:
- Ensuring the ongoing technical management of the properties
- Commissioning and coordinating maintenance, repair and modernisation measures
- Controlling external service providers
- Cost planning and control, as well as monitoring the timely realisation of projects
- Monitor and check the condition of buildings and facilities as well as the associated maintenance cycles and prepare appropriate action and budget planning
- Written and verbal contact with clients, tenants, tradesmen, suppliers, authorities and caretakers
- Organisation, tendering, evaluation, contract award and control of required repair and maintenance measures including defect and warranty tracking
- Negotiation of service contracts and optimisation of building operation/management concept with regard to tenant and building requirements
- Settlement of insurance claims
What are the skills required?
- MS Office Pack
- Contract law (VOB, BGB, HOAO)
- IT skills using software like ERP and PMS systems
- Service provider network
- Strong communication
What salary does a Technical Property Manager earn?
The salary might differ depending on your city or country and the property/portfolio size.
The gross salaries per year are around:
- 0 – 4 years: EUR 50,000 – 70,000
- 5 – 8 years: EUR 71,000 – 99,000
- > 9 years: EUR > 100,000
What are the qualifications?
You may need to have a combination of education and experience in real estate, property management, and building maintenance. Here are some common qualifications that you may need:
- A bachelor’s degree in a field such as real estate, business, or engineering
- Relevant coursework in property management, construction, or real estate law
- Certification as a property manager, such as the Certified Property Manager (CPM) designation offered by the Institute of Real Estate Management (IREM)
- Several years of experience in property management, building maintenance, or a related field
- Strong communication and organisational skills
- Proficiency in computer programs and systems used in property management, such as property management software and financial tracking systems