What Does it Take to Be a Property, Real Estate, or Community Association Manager?
Occupation Description Plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
Property, Real Estate, or Community Association Manager Responsibilities
- Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
- Prepare detailed budgets and financial reports for properties.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Investigate complaints, disturbances and violations and resolve problems, following management rules and regulations.
- Act as liaisons between on-site managers or tenants and owners.
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Skills Needed to be a Property, Real Estate, or Community Association Manager
Below is a list of the skills most Property, Real Estate, and Community Association Managers say are important on the job.
Speaking: Talking to others to convey information effectively.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Coordination: Adjusting actions in relation to others’ actions.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Negotiation: Bringing others together and trying to reconcile differences.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Other Property, Real Estate, or Community Association Manager Job Titles
- Rental Coordinator
- District Manager
- Real Estate Developer
- Land Acquisition Manager
- Building Rental Manager
Are There Job Opportunities for Property, Real Estate, and Community Association Managers?
There were about 317,300 jobs for Property, Real Estate, or Community Association Manager in 2016 (in the United States). New jobs are being produced at a rate of 10.3% which is above the national average. The Bureau of Labor Statistics predicts 32,600 new jobs for Property, Real Estate, or Community Association Manager by 2026. There will be an estimated 28,300 positions for Property, Real Estate, or Community Association Manager per year.
The states with the most job growth for Property, Real Estate, or Community Association Manager are Utah, Idaho, and Colorado. Watch out if you plan on working in West Virginia, Maine, or Maryland. These states have the worst job growth for this type of profession.
Property, Real Estate, or Community Association Manager Salary
The average yearly salary of a Property, Real Estate, or Community Association Manager ranges between $29,700 and $126,200.
Property, Real Estate, and Community Association Managers who work in New York, Rhode Island, or New Jersey, make the highest salaries.
How much do Property, Real Estate, and Community Association Managers make in different U.S. states?
| State | Annual Mean Salary |
|---|---|
| Alabama | $64,890 |
| Alaska | $80,630 |
| Arizona | $65,890 |
| Arkansas | $49,430 |
| California | $76,510 |
| Colorado | $92,900 |
| Connecticut | $72,760 |
| Delaware | $64,980 |
| District of Columbia | $82,940 |
| Florida | $61,700 |
| Georgia | $89,520 |
| Hawaii | $66,240 |
| Idaho | $36,800 |
| Illinois | $69,110 |
| Indiana | $51,630 |
| Iowa | $72,200 |
| Kansas | $52,040 |
| Kentucky | $48,960 |
| Louisiana | $50,970 |
| Maine | $54,520 |
| Maryland | $76,450 |
| Massachusetts | $89,530 |
| Michigan | $72,470 |
| Minnesota | $67,270 |
| Mississippi | $41,320 |
| Missouri | $53,780 |
| Montana | $47,980 |
| Nebraska | $53,550 |
| Nevada | $53,650 |
| New Hampshire | $65,760 |
| New Jersey | $92,830 |
| New Mexico | $56,260 |
| New York | $112,580 |
| North Carolina | $70,230 |
| North Dakota | $52,550 |
| Ohio | $62,860 |
| Oklahoma | $92,850 |
| Oregon | $63,300 |
| Pennsylvania | $79,790 |
| Rhode Island | $94,940 |
| South Carolina | $65,660 |
| South Dakota | $40,010 |
| Tennessee | $56,310 |
| Texas | $78,420 |
| Utah | $47,850 |
| Vermont | $65,230 |
| Virginia | $97,580 |
| Washington | $90,660 |
| West Virginia | $63,110 |
| Wisconsin | $63,230 |
| Wyoming | $59,750 |
What Tools do Property, Real Estate, and Community Association Managers Use?
Below is a list of the types of tools and technologies that Property, Real Estate, and Community Association Managers may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Hypertext markup language HTML
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Microsoft Project
- Spreadsheet software
- Microsoft Dynamics
- Microsoft Publisher
- Google Docs
- Intuit QuickBooks
- Oracle JD Edwards EnterpriseOne
- YouTube
- Google Drive
- Calendar and scheduling software
Becoming a Property, Real Estate, or Community Association Manager
What education or degrees do I need to become a Property, Real Estate, or Community Association Manager?
How many years of work experience do I need?
Who Employs Property, Real Estate, and Community Association Managers?
Property, Real Estate, and Community Association Managers work in the following industries:
Related Careers
Those thinking about becoming a Property, Real Estate, or Community Association Manager might also be interested in the following careers:
Those who work as a Property, Real Estate, or Community Association Manager sometimes switch careers to one of these choices:
- Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products
- Travel Guides
References:
Image Credit: Godrej Mamurdi Pune via Creative Commons Attribution-Share Alike 4.0 International
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