Estate management is a career of its own. You’ll likely only be able to manage a few properties with this job, and some estate managers just have one property they oversee full time. An estate manager usually works closely with the owner of the property to arrange services, personnel, property management, and even event services for the estate. What does having a career in estate management involve?
Your responsibilities as an estate manager will be countless. You’ll likely be responsible for the accounting of the estate, the budgeting for the services needed, and payroll of the estate’s employees. You may be responsible for overseeing certain projects or workers such as construction and maintenance, or hiring and training workers at the estate such as regular staff in the house or perhaps maintenance crews. You may also schedule travel arrangements for the owner, plan events such as dinner parties and fundraisers, and take care of pets. Anything that has to do with the property, including the finances and personnel, could be your responsibility. There are truly no boundaries when it comes to the responsibilities of an estate manager. Although property management is part of the job, it will only be one of your many responsibilities.
Head of the Household
As an estate manager, you’re usually considered the head of the household. This means that you’re largely responsible for all who work within the household and on the property, including cleaning staff or repairmen. While you’ll be working with the owner to discuss various aspects of the estate, the owner will most likely be attending to his or her own business and will leave you in charge. When considering estate management as a career, consider that you’ll be responsible for all aspects of the estate, not just property management. Some confuse an estate manager with a butler because of the many people he or she oversees and the many responsibilities he or she has. As head of the household, you’ll be responsible for important decisions such as what happens in an emergency, who performs the property maintenance, and which contractor to hire to do the best job for different services.
Working with Everyone
While you do oversee all the other workers in the estate, these are not the only people you’ll be working with in estate management. You’ll likely be spending a lot of time with the owner and attending to his or her needs. You’ll also be expected to work with people of many different other professions including accountants, construction workers, attorneys, architects, financial advisors, and other contractors. You may be working with an event coordinator to plan a party at the estate, or have to hire entertainment services. Having the necessary communication and professional skills to handle all these interactions and various tasks as an estate manager is no easy feat. When considering a career in estate management, consider the fact that you’ll be working with just about everybody. Since you’re the head of the household, everyone will come to you when something needs to be done.
Have a Great Set of Skills
Estate management is a huge responsibility and this job calls for someone who has the necessary skills to do it. These skills could involve resourcefulness, for when something goes wrong and you need a professional to come immediately to fix it, discreetness, as many employers of estate managers require you to sign a non-disclosure agreement to protect the privacy of the estate and those who work there, and great communication skills. Many times, communication can be the thing that trips up an employee or the contractor because they didn’t understand what it was that you or the owner wanted. Be clear and direct—and of course, polite. Estate managers have great people skills and are able to work with all kinds of professions and personalities no matter the circumstances. Perhaps the most important skill you’ll need to have in estate management is being able to mesh with your employer, meaning you can anticipate their needs and desires before he or she voices them. Getting to know the owner and the way they like things is important in estate management and can help your career take off.
Estate management isn’t easy, but many estate managers typically make a healthy salary for their time commitment and many enjoy their line of work. While you may end up managing just one property or several, consider these things when you think about if a career in estate management is right for you.