Are you interested in career-oriented coursework that gives you a dynamic and tangible skill set? Do you want your classes to cover a wide array of topics—from law and technology to logistics and government work? Have you ever felt unhappy in your current major, but felt it was too late to change?
If you answered yes to any of these questions, then Housing Management & Policy with an emphasis in Residential Property Management is the degree for you! Focus on your career with clearly outlined objectives. Many Arts & Sciences courses and almost all pre-business courses give credit for this degree.
University of Georgia is one of only nine schools in the U.S. that offer a major in residential property management. UGA partners with the National Apartment Association Education Institute, who recently spoke to media members about the need for more qualified candidates in the apartment industry and why it’s an attractive career for millennials, career changers, veterans, and more.
Top Reasons to Change Your Major
- It’s where the money is: According to Census Bureau statistics, the majority of all individual wealth in the United States is held in the form of residential property.
- Location: Atlanta is the headquarters for many of the nation’s most prestigious residential property management firms, like Cortland and Matrix/Pollack Shores.
- Networking: Many professional student organizations exist to help you branch out and develop professional skills to use after graduation.
- Program recognition: Many potential employers believe in this program so strongly that they donate to various programs in the department and recruit out students heavily.
- A clear path to a career: This degree offers many tangible skills that can be directly applied to work environments in the real world.
- Job growth: Rental demand over the past decade has experienced the largest gain in housing history, and demographics and trends in housing preferences support tremendous opportunities for job growth for years to come.
- Undergraduate research: the department is home to the prestigious Housing and Demographics Research Center, featured in numerous academic journals.
By the Numbers
- ·A recent survey by Money Magazine and Salary.com ranked property management as 1 of the top 5 jobs for young people looking for more pay, more upside, and more control over where they’re going.
- Property managers have an overall job happiness index of 4.7 out of 5 according to Forbes.
- Average salaries for property managers are $63,100 per year, plus a full benefits suite, while senior managers and partners at large management firms can expect as much as $132,500 plus bonuses.
- Nationally, the apartment industry and its 36 million residents contributed an impressive $1.3 trillion to the U.S. economy, supporting 12.3 million jobs across the U.S. in 2013 (National Multifamily Housing Council, 2015; National Apartment Association, 2015).
- Apartment construction, operations and resident spending contributed $15.2 billion locally and supported more than 157,800 jobs in the Atlanta metro area in 2013 (NMHC, 2015; NAA, 2015).
- Additionally, the US department of Labor estimates 11,000 new property management jobs every year.
- 8% annual job growth rate projected from 2014 - 2024 (U.S. Bureau of Labor Statistics.
- 77% of Real Estate and Construction firms agree that they expect their jobs to change considerably over the next three to five years as a result of digital business trends (Deloitte).
Careers related to residential property management are also notable for their high propensity for asset accumulation. With real estate prices being at the lowest level in decades, many property managers are taking the opportunity to accumulate large amounts of residential property, for resale or renting purposes. The majority of the nation’s individual wealth is held in residential property- not stocks, bonds, or bank accounts.
Most students studying residential property management didn’t know about the program when they started at UGA. Because of that, we accept students from every conceivable field of study, from pre-business to liberal arts to hard science. Once you enter Residential Property Management, you'll enjoy a perfect mix of academic rigor with real-world application that will connect you to a high-powered career immediately after college.
Our proximity to Atlanta creates great internship and career opportunities since Atlanta is the headquarters for many of the nation’s most prestigious residential property management firms. Our graduates are employed by successful property management firms such as Gables Residential, Alliance Residential, and CLASS, Inc.
The employers listed here are among the many that have distinguished themselves by giving generously to the establishment and continuation of Residential Property Management.
- Walton Communities
- CF Real Estate
- Matrix Residential/A Pollack Shores Company
- First Communities
- Atlantic Pacific