This year has made the world of real estate feel like it is on shifting sand, like so many other industries. As a real estate agent or real-estate-agent-in-training, you may feel that this is a particularly difficult year for you and worry about what the next few months may hold in the wake of COVID-19. The news is that people still need your services, but you may need to take special considerations and make preparations to create a successful real estate career in 2020 and beyond.
Despite the troubling economy, the real estate market in Portland remains strong due to a shortage of supply, recent transplants, and newly minted remote workers seeking to upgrade to a home with more room to spread out. Portland continues to experience a low vacancy rate around 2.3%, as well as the low interest rates that prompt investors to buy properties, which bodes well for the prosperity of the home rental sector.
As a budding entrepreneur or employee in the Portland real estate market, you know that there are many ways to run your business. One very important concept is to make your business choices in a way that is equity-informed. Many people believe they've fully considered the concepts of diversity and inclusion, but equity-informed businesses take this a step further and attempt to integrate equity into every aspect of their work.
As a real estate agent, you position yourself for some incredible job benefits. You get to be your own boss and enter a field with nearly limitless opportunities for income and business growth. You will have the satisfaction of helping people find their dream home and location as well. PCC's Professional Development and Training offers two real estate test preparation courses - one for prospective brokers and one for prospective property managers.
Dave Amato has been active in the real estate industry for 45+ years and an active Real Estate Broker since 2003. During his 23-year career as a builder/developer his projects added over 200 units of housing to Portland metro market. He has served on the board of directors for the Portland Metropolitan Home builders and currently serves on the Board of the Oregon Association of Realtors. We recently sat down with him to learn more about his course.
Gary Calvert is a former Air Force pilot and professional diver, and currently works for Washington County in Hillsboro for its housing authority. He’s lived in the Portland-metro area for over 30-years and has been teaching at Portland Community College for nearly as long, and in various capacities. He recently connected with us to share more about his passion for education and his interest in real estate.
The demand for licensed property managers is high — and it’s growing. The Bureau of Labor Statistics projects a 10% increase (faster than average) in employment opportunities for property, real estate, and community association managers over the next decade. Median pay for a licensed property manager is just under $60,000 per year. If you’ve been looking for a career that provides job security and a good salary — or you want to learn to manage the properties you already own — becoming a licensed property manager might be the right choice for you.
If you enjoy working with people, like the idea of making your own schedule, and you’re comfortable generating and pursuing leads, a career as a real estate broker can be both satisfying and financially rewarding. After three years of experience, a broker can become a Principal Broker and lead a team. Often times the general public will refer to the Broker as a Real Estate Agent — but there’s a difference. Read on to learn more!