Posted in Job Search Advice 8 months ago

Why you should consider working in Build-To-Rent

Build-To-Rent (BTR) also known as Private Rented Sector (PRS) properties are designed to be let out by a single company rather than sold or let by multiple vendors. BTR is a rapidly growing market in the UK - and is already a tried and tested model in the US.

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What is Build-To-Rent?

Build-To-Rent (BTR) also known as Private Rented Sector (PRS) properties are designed to be let out by a single company rather than sold or let by multiple vendors. BTR is a rapidly growing market in the UK - and is already a tried and tested model in the US, having been a stable market there since 1995.

BTR accommodation is growing most in major cities; expanding rapidly in London as well as Birmingham, Manchester and Leeds. This offers exciting opportunities for candidates in these areas.

 Why should you consider a career in BTR?

In 2017, the built-to-rent market gained £2.4bn in investment and is expected to grow by 180% by 2024. BTR is clearly an emerging sector, and due to this there is a massive skill shortage. Candidates who do have exposure to BTR on their CVs are able to gain higher salaries and are seen as very desirable by employers. As the BTR sector shows no sign of slowing down, having this experience on your CV will put you in a great position in the market over the next few years.

The growing demand for BTR properties has led to many new roles in this sector, particularly at a senior level. This means that candidates have opportunity to gain progression and manage teams more quickly than in other property sectors.  

There appears to be a real skill shortage for good Building/Resident Managers. In the BTR sector, these roles tend to be more hybrid than in traditional residential or commercial, and can involve higher levels of customer service, hospitality and managing residents. Many Building Managers within BTR are also involved with leasing and negotiating the apartments, marketing, events planning and managing resident relationships. This offers candidates the opportunity to expand and build their skills, which will make their CV more marketable in the future.

 What skills do I need?

There are many transferrable soft skills that BTR companies look for. In particular;

  • Great customer service.
  • Personable and positive attitude.
  • Problem solving.
  • Good communication skills – written and verbal.
  • Ability to lead and manage a team.
  • Multi-tasking.
  • Ability to work alone.

 What are the core roles?

Here are some of the roles you can expect to look at when moving from Property Management in traditional residential to BTR;

  • Building Manager
  • Resident Services Manager
  • Facilities Manager
  • Maintenance Manager
  • Operations Manager
  • Leasing Manager
  • Customer Relations
  • Concierges
  • Front of House

For more information on BTR jobs please contact Martha -

martha.kiernan@lloydmay.com

020 3947 3257

 

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