Residential Property Management
Associate in Science (A.S.)
The Residential Property Management* Associate in Science (A.S.) degree at Valencia College is a two-year program that prepares you to go directly into a specialized career in the residential property management field.
As the tourism capital of the world, the greater Orlando area continues to see more and more apartment and multi-family rental properties springing up across the region. Along with this growth and expansion is the need for skilled and talented managers to help oversee and manage these properties. Through Valencia’s A.S. degree in Property Management, students are trained to become highly qualified managers and other on-site personnel to help manage and operate residential rental properties.
Valencia’s A.S. degree in Residential Property Management has been endorsed by the National Apartment Association Education Institute (NAAEI), the Apartment Association of Greater Orlando (AAGO), and the Institute of Real Estate Management (IREM).
These endorsements, along with strong support from established leaders in the residential property management field, gives students an opportunity to earn respected industry certifications, as well as gain valuable work experience through the program’s internship requirement.
This degree prepares students for the following:
- Certified Apartment Manager (CAM) Certification
- National Apartment Leasing Professional (NALP) Certificate
- Florida Real Estate License
Alternative Ways to Earn Credit
If you are currently employed in the industry and have one of the following credentials, you may be eligible to earn additional college credit towards this program:
- Accredited Residential Manager (ARM)
- Certified Apartment Manager (CAM)
- Certified Apartment Portfolio Supervisor (CAPS)
- Certified Property Manager (CPM)
- National Apartment Leasing Professional (NALP)
- Florida Real Estate License
For more information, please visit Industry Certification Agreements.
The Residential Property Management A.S. Degree program was developed with strong support and input from the residential property management industry and local employers. Valencia greatly appreciates and recognizes Concord Rents for their significant support and contribution to this program.
Valencia’s A.S. degree in Residential Property Management has been endorsed by these sponsors:
Valencia’s A.S. degree in Residential Property Management has been endorsed by the
Apartment Association of Greater Orlando (AAGO), the Institute of Real Estate Management (IREM) and the National Apartment Association Education Institute (NAAEI).
Program Overview and Degree Requirements
Review course descriptions, important dates and deadlines and other programs details in the official college catalog.
Full-time – 2 years
Part-time – 3 years
Learn How To
- Exhibit an understanding of industry standards for marketing, demonstrating, and leasing residential property.
- Develop effective techniques for managing residential real estate assets, including scheduling resources, inspecting performance, and analyzing financial consequences.
- Prepare financial information that includes calculating debt service obligations, property operating expenses and cash flow.
- Calculate common performance metrics used in the analysis of residential property management and investing.
- Distinguish between discriminatory and non-discriminatory practices pertaining to marketing, leasing, and resident relations.
With Central Florida’s exploding population growth, there is an increasing need for skilled property managers to help manage and maintain the growing number of residential rental properties that are being built –creating excellent career opportunities in this field. In fact, according to the latest Labor Market Statistics, property managers are listed among the Top 50 Occupations Gaining the Most New Jobs and Top 100 Fastest-Growing Jobs in our region.
- General and Operations Managers
- Administrative Service Managers
- Property Managers
- Real Estate Managers
- Community Association Managers
AVERAGE SALARY RANGE
$30,000 – $50,000
The average placement rate for Valencia College’s A.S. degree and certificate programs ranges between 90 – 95% according to the latest FETPIP data.
Visit Career Coach to explore careers, salaries, job demand and related degrees.
Frequently Asked Questions
Residential property management is a field that focuses on the management of apartments, timeshares and single-family homes as rentals. Valencia College’s two-year A.S. in Residential Property Management prepares you for a career as a property manager overseeing apartment communities or timeshare resorts.
The Valencia College A.S. degree will give you a broader outlook of the industry. It will also increase your industry profile through the National Apartment Association (NAA) and the Institute of Real Estate Management (IREM). Having a two-year degree ensures future job security, as more management companies look beyond work experience to find qualified candidates. You’ll also increase your earnings potential and status in the industry among your peers.
As someone who is new to the field of residential property management, you’ll get all the skills and background you need to effectively manage one, or more, communities. You’ll learn about leasing, marketing, sound financial management, laws governing property management, and you’ll have the opportunity to participate in an internship, giving you on-the-job experience. You can also gain the skills needed to test for two of the most sought-after industry certifications, the Certified Apartment Manager (CAM) and the National Apartment Leasing Professional (NALP), both highly recognized in the industry.
The Residential Property Management degree program gives you all the skills you need to succeed as a residential property manager. This includes the skills and internship requirements necessary to sit for the Certified Apartment Manager (CAM) and the National Apartment Leasing Professional (NALP), two well-recognized industry credentials.
The prospects of getting a job in residential property management are excellent. Every apartment community needs a manager, and as the population grows, so do the number of apartments being built. The industry is also insulated from an unstable economy. People always need a place to live, and many turn to apartments when the real estate market is bad, when they are new to an area, or if they are not sure where they want to move next. These properties always need strong managers.
Earnings in the field of residential property management are continually increasing. Educated employees with industry certifications will make more money than those without a degree in the field or industry certifications. Starting salaries can be up to $50,000 or more a year, plus bonuses.
Members of the industry would say there is no typical day. Every day is different with different experiences. Here are some testimonials from actual members of the industry about their jobs:
(I am attaching these in a separate document. I got so many, I am wondering if we put a few here and then see if the web team can make some scroll on the program page?)
Yes. All classes are available online, although the internship will be on site at a property in Central Florida. All program classes are also available at Osceola Campus. You can take the general education classes at any Valencia College campus.
While an internship is not required, it is recommended. To be eligible to sit for the National Apartment Leasing Professional (NALP) certification, you are required to complete a three-credit hour internship class and a six-credit hour internship for the Certified Apartment Manager (CAM).
Note: Six credit hours for the CAM internship can include three credit hours for the NALP internship class.
Valencia College’s internship office will work with you to find an internship that meets your needs and gives you an excellent experience.
Yes. You will need to select “Residential Property Management” as your major on the Valencia College application and fill out a Free Application for Federal Student Aid (FAFSA), which can be found at fafsa.gov. You can also meet with a financial aid specialist at Valencia College by visiting the Financial Aid Office at any of our campuses.
You may be able to use those credits toward some of the classes in the Residential Property Management degree program. You should do this if your credits are from Valencia College or from another institution. For a full assessment of your credits, contact our career program advisor.
Career Program Advisor: Roxana Boulos, firstname.lastname@example.org
We do offer credit in the A.S. in Residential Property Management for several certifications. You can have your certifications evaluated for possible credit opportunities by reaching out to our career program advisor.
Career Program Advisor: Roxana Boulos, email@example.com
Yes. The A.S. degree in Residential Property Management will transfer smoothly into Valencia College’s Bachelor of Applied Science in Business and Organizational Leadership (BASBOL) degree program.
The A.S. in Residential Property Management teaches students business skills, as well as some basic property maintenance skills, needed to manage residential properties. You’re also well-prepared to sit for the Certified Apartment Manager (CAM) and National Apartment Leasing Professional (NALP) certifications. The A.S. in Business Administration with a Real Estate Specialization provides students with business skills and also prepares them to take the Florida Real Estate License exam.