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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.