5 Reasons to Study Real Estate
If you ask a child what they want to be when they grow up, chances are you’ll get some ridiculous and endearing responses. There’s the one kid who already has her head on straight and is confident that she will become the next big doctor, powerful female lawyer, or astronaut. There’s the one who dreams of being a rock star, circus clown, gymnast, or athlete. And there’s probably more than one who wants to be a wizard or a dinosaur or something totally outlandish.
You’ve probably noticed a pattern with these career aspirations: not one seems to care about real estate! It’s true that most young kinds don’t really have a concept of business, economics, or property management, but the truth is that learning about real estate and establishing a job for yourself in the field of property management can be a hugely educational and rewarding experience. At IMS Realty Real Property Management, we encourage individuals of all backgrounds to work with us. If you’re considering going into real estate, we’re happy to help fill you in on some of the reasons it’s such a good idea.
- There are many different paths to success. This is a maxim many young adults (and “real” adults) can repeat over and over without it losing any meaning. In real estate, this means that you don’t necessarily have to have hold Master’s degree in Realty and Property Management to become a successful real estate agent, property owner, or landlord. In general, any kind of degree relating to business, economics, mathematics, or public relations is a great place to start, but the good news is that it doesn’t necessarily have to be a four-year degree. Most real estate agencies look for individuals who have experience and training, so a hands-on two-year co-op or an integrated internship program are both viable alternatives to going to school.
- Property management is largely a team effort. Real estate agents tend to be people who thrive when working with people, communicating, and offering a helping hand. If you love working with people, delegating, acting as a leader, and being in a role of diplomacy, real estate might be the job for you. Property managers often act as a go-between for their clients, tracking down insurance companies, potential tenants or roommates, mortgage providers, and more. Additionally, if you’re working with a large business that needs a whole complex or a number of separate buildings, you might find yourself working with representatives from different real estate agencies (or even a coworker from your own!). There’s no doubt that real estate is a great job for you to look at if you’re a people person.
- Real estate allows you to be independent. Many real estate agents, property managers, and other realty employees are actually self-employed. The average person or budding homeowner immediately tends to think of real estate agencies, a property industry, or other terms that imply the existence of a huge administrative entity. Even if you’re not a one-person agency by technicality and you do work for an agency, you can rest assured that you’ll still have access to flexibility and control over your daily schedule. If you’re looking to run your own schedule, get out from behind the desk, make on-site visits, and handle responsibilities yourself, then real estate could be a perfect job. If you love getting on the road and being able to physically see the fruits of your labor, and if you don’t like having to answer to the big boss, you may find that real estate allows you to be your own boss!
- Education transcends industry. When you learn about real estate, you learn much more than how to tell the value of a property or predict the next great crash (or boom) the housing market may experience. The longer you work, the more you’ll realize that many different aspects of the housing and residence industry can be applied to industry, sales, and the economy in general. If you want to learn how things work in the so-called “real world,” property management is a great way to get out there and experience it for yourself.
- Every day is slightly different. Real estate is a fast-paced, ever-changing industry, and property management is frankly not a job for people who like being bored. One day you’ll be sitting poring over paperwork, and the next you may have your hands full with bricks and extension cords as you oversee the progress of a home repair. Before you even get started running the show yourself, you’re bound to get a taste of this excitement during the schooling and training process, albeit in a slightly more controlled setting. In any case, if you hate getting lost in the typical 9-to-5 grind, consider a job in real estate!