The ability to lease apartments does require some amount of training. Those that have prior experience with renting apartments will have a much easier time understanding this information. There are multiple forms that must be used in order to lease apartments, ones that will require multiple signatures. If you are not aware of what forms need to be used, training is going to be necessary, and you may find affordable apartment leasing training available on the web. Although you could travel to a location to get this training if you wanted to, online courses tend to be the most affordable.
How To Find These Online Courses For Apartment Leasing
When you look for property management training on the web, some of them may have specific courses on how to lease apartments. This is what you will want to be focused on, and once you have several of them on your computer browser, you will then want to go through each one. They will list the prices that they charge for this training, the duration of the course, and what type of information they will go over. If you have this information available, you will know exactly what to expect with each company that you can use to provide you with the training that will be necessary.
How Long With This Type Of Training Typically Last?
The duration of the training is dependent upon how comprehensive the training will be. If this is training that will cover every possible aspect of leasing apartments, it could take several weeks. If this is a refresher course for people that do this already, it may only last for a day or two. You do have the option of going to places that offer this training, but it’s not necessary if you can find an online course that is comparable.
Apartment leasing training is something that every professional must go through if they have multiple apartments that they need to lease out every month. They also need to understand how to deal with problematic tenants that are not going to pay their monthly lease. Once the training is done, every participant should feel much more proficient about their ability to lease apartments and deal with problems that may occur. Your job is to simply evaluate the ones that are currently marketing their services and take advantage of the one that actually looks the most promising.
You see jobs for apartment managers and apartment leasing agent jobs in job listings all the time. Frequently the listings mention experience required or ask you to be a certified leasing agent. If you are interested in working as a leasing agent, here are a few ways to get the training so you can get a job.
Ask Apartment Owners and Managers
Large apartment chains usually have specific requirements they want you to meet before considering you for a job. Local apartment complex owners have other requirement and are usually a little more lenient on the requirements.
Start by asking the managers at a few local apartment complexes what requirements they look for in a leasing agent. Their company may offer in-house training, which can save you money if you meet their other requirements.
If not, you may be asked to get certified by the National Apartment Association. They offer a program titled the National Apartment Leasing Professional (NALP). But before you sign-up for this program, you need to take one additional step.
Check State Regulations
Each state has different rules for apartment leasing agents. The apartment owner, or manager, should be aware of these rules and may let you know. If not, you should check with local licensing boards to verify the requirements.
Some states require all leasing agents to be licensed real estate agents. This is the case in Texas and many other states. The NALP certification does not replace the need to be licensed as an agent. If you are working directly for the apartment complex or owner, you may not need to be a licensed agent.
Salary Ranges For Leasing Agents
Can you make enough money as an apartment leasing agent to justify the time and expense of training? Let’s take a look at the current income ranges for an agent.
In 2019, apartment leasing agents have a typical income range of $26,680 to $32,992 per year. If you make the step up from being a leasing agent to a leasing manager, your income to an average of $42,038 per year. That may not sound like an extremely high salary, but frequently there are added benefits when you work for an apartment complex.
These benefits can include:
• Lower Rent
• Bonuses For New Renters You Find
• Paid Vacation And Sick Leave
• Health Insurance
Is A College Degree Required?
Most companies prefer candidates with a college degree, but it is not a requirement and often overlooked for candidates with real estate experience. This is a good reason to become licensed as a real estate agent if you do not have a college degree.
Having a real estate agents license gives you a secondary advantage, too. You can both sell houses and lease apartments. Frequently apartment managers and leasing agents are the first to know when a tenant is starting to look for a house to buy.
Training to become a leasing agent may not be required, but it will give you an advantage over other applicants for the job. If you are serious about becoming an agent, do a little research, then get the training to get an edge on the competition.