Property Management Internship Program

Posted by Network for Teaching Entrepreneurship on June 6, 2016

Property Management Internship Program
NFTE + Pennsylvania Apartment Association — East (PAA)

Brief Background
In 2014, the Pennsylvania Apartment Association and the Network for Teaching Entrepreneurship in Philadelphia created a place-based experience for NFTE alumni who competed in our semi-business plan competition. To date, NFTE has secured 11 internships with leading property management companies located in Philadelphia (PA), Abington (PA), Jenkintown (PA), Wilmington (DE), and New Castle (DE).

Relationship to Entrepreneurship
Through NFTE, entrepreneurship education is a tool that equips young people to not only start businesses and create jobs, but also to be opportunity-focused, flexible employees ready to fill opportunities.

As an example, at Evergreen Apartment Group, NFTE Alum Bret Zicarelli (from Newark High School) started with a two day “class” on the fundamentals of investing in real estate, abc’s of property management, and the structure and systems for the company. After his initial training, Bret spent one week working in the Corporate Office, one week working in the leasing and applicant management part of operations, one week working in the area of tenant management, and one week working with the accounting department.

When Bret was asked about his internship experience and whether Evergreen Apartment Group would be beneficial to his future career, Brett explained, “at most companies, you don’t get the chance to meet the owners, the ability to interact with the owners, to see their dedication, and to see what it takes to run a successful business. This is an extremely valuable opportunity. In my future career, this will not only help me be a better employee, but going forward if I ever want to become an entrepreneur, the Wolfgangs serve as a prime example of good business leaders”.

2016 Property Management Internship (PMP)

NFTE is in a position to provide a pipeline of our dynamic NFTE students to property managers and apartment owners in the Philadelphia Metro region via PAA. PMP attracts high school seniors and pre-college students, 18 years and older, who have completed the NFTE program with a grade of B or better. By partnering with an outstanding property management company, NFTE alums have the opportunity to learn about the many opportunities in the field of property management.

General Internship Responsibilities

Property management companies are seeking energetic young people who can bring fresh and new perspectives on how they operate or can improve their businesses. NFTE Interns will have the following general responsibilities:

 Successfully complete selected portions of the National Apartment Leasing Professional Online Course and accept on-the-job training orientation.
 Assist with management of physical inventory
 Assist in building, organizing, and updating contact and listing information databases
 Display dependability, pride and positive outlook in all tasks
 Collect market data on rent & sale transactions
 Assist to prepare proposals and marketing packages
 Assist in Business Development if desired (calling/emailing/etc.)
 Assemble and preparing PowerPoint presentations and marketing materials
 Contacting leasing representatives and landlords for site-specific information
 Prepare regular status reports for internal and external distribution
 Learn about investment properties, tenant relationships and sales
 Provide social media support

These responsibilities will help the intern to complete work that will benefit the company. In addition, employees within the company have the opportunity to mentor a promising student and the chance to have new ideas and motivation to put their best foot forward in the eyes of the intern.

The Interview Process and Selection Schedule

January – February: Confirm Property Management Companies and issue letter of engagement
February – April: Training program for Property Management Company representatives
May: On-line course available to prospective interns.

June: (1) Interviews with prospective students.
(2) Interviews set up with prospective apartment companies and students
(3) Confirmation of interns with companies.
(4) Orientation meeting at PAA or NFTE offices

July 5th: Internship Begins

August 26th: Internship Concludes WITH Closing Ceremony Dinner!

October: Bonus Awards

For more information and to get the application, contact:

Anne McGuirk
Program Manager
w: 267-969-2347
anne.mcguirk@nfte.com

Applications are due ASAP, interviews will happen in the month of June, and the internship begins in July!