Welcome to the exciting and fast-paced world of property management where our students have the opportunity to gain first-hand industry experience by completing required internships with sophisticated real estate operators located in metropolitan areas throughout the United States. Graduates of Virginia Tech’s program are in great demand because they understand the complexities of managing multimillion-dollar assets ranging from luxury and affordable apartment developments and senior living communities to mixed-use, office and retail properties. Employment is available in numerous segments of the industry including management, operations, marketing, human resources, training, development, and acquisitions.
- Virginia Tech’s Property Management program raised the profile of the profession by offering the nation’s first university-based degree.
- Virginia Tech's property management program continues to receive national recognition in articles featured in industry publications, such as UNITS, Multi-housing News, and the Journal of Property Management.
- Seniors have an opportunity to obtain the National Apartment Association's Certified Apartment Manager (CAM) designation which places our graduates a year or more ahead of other entry-level property management professionals.
- Students benefit from faculty committed to quality advising, as evidenced by the work of Dr. Rosemary Carucci Goss who recently received both university and national honors for her work with property management majors. http://www.vt.edu/spotlight/impact/2014-04-28-goss/property-management.html
Career and Internship Opportunities
All property management majors must complete at least one internship with a property management company. These internships offer real-world experience, valuable career contacts, and a vehicle to explore different real estate markets across the country. Both compensation and housing are typically included.
These positions are made possible through the Property Management Career Fair, held each year in March, which introduces industry professionals to students interested in internships and full-time employment. Nearly 100 percent of the students enrolled in the program have historically obtained placements, with many receiving multiple offers. The demand for property management majors is so great that there is a waiting list for companies to attend the career fair. Graduates work for top-tier real estate companies from Boston to Los Angeles.
Property Management Major Requirements
The property management curriculum focuses on providing students with the knowledge and skills needed to enhance the value of multifamily and commercial real estate assets. This is accomplished though the completion of a comprehensive series of courses covering customer service, operational management, and financial analysis. Students completing the program have problem solving skills demanded by industry and the analytical tools allowing them to add value to their employers immediately.
Students are encouraged to meet with their advisor each semester to plan their courses and progress towards graduation.
Property Management Advisory Board
The Property Management Advisory Board, whose members come to campus at least twice a year, is a vital element in the success of the program. They offer suggestions for the curriculum, serve as mentors and guest lecturers, and provide significant financial resources to support field trips, professional development, and scholarships.
Members of the Property Management Advisory Board, along with numerous other organizations and individuals, have generously donated funds for scholarships. Since the inception of the property management program more than $650,000 have been awarded to our students. Much more has been awarded in study abroad scholarships and professional development scholarships to attend national industry conferences.
Property management faculty are passionate about what they teach and committed to student achievement! They seek to create a collaborative environment where students are part of a tight-knit community alongside their instructors and industry professionals. The property management program makes this possible by hosting a series of events each year designed to expose students to the industry and its needs. Some notable examples include:
- A speaker series bringing nationally known industry professionals to campus multiple times throughout the year.
- Opportunities for students to participate in national trade organization conferences such as those hosted by the National Apartment Association (NAA) and the Institute of Real Estate Management (IREM) in locations such as San Diego, Orlando, Las Vegas, Boston and San Francisco.
- A Property Management and Housing Study Abroad course ( AHRM 3954) offered every other year (2016; 2018) to expose students to multifamily and commercial property management, current and historic residential design, kitchen and bath product design, new ideas in housing technologies, and energy and environmental issues’ impact on housing and communities. Countries visited in the past include Germany, France, and the Czech Republic.
- A senior study tour (AHRM 4914) providing students with an opportunity to tour various residential, commercial, and mixed-use properties within a particular city and meet successful alumni of the program. Past study tours have been in Washington, D.C., Raleigh, N.C., and Charlotte, N.C.
- Access to the Association of Property Management student organization providing opportunities to explore the many facets of property management through networking with leading industry professionals. Students interact with each other outside the classroom in social settings and in community service activities.