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All About Property, Real Estate, and Community Association Managers

Property, Real Estate, or Community Association Manager Definition 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

  • Negotiate short- and long-term loans to finance construction and ownership of structures.
  • Act as liaisons between on-site managers or tenants and owners.
  • Determine and certify the eligibility of prospective tenants, following government regulations.
  • Contract with architectural firms to draw up detailed plans for new structures.
  • Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
  • Purchase building and maintenance supplies, equipment, or furniture.

Skills Needed to be a Property, Real Estate, or Community Association Manager

When polled, Property, Real Estate, and Community Association Managers say the following skills are most frequently used in their jobs:

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.

  • Land Acquisition Specialist
  • Right-of-Way Supervisor
  • Oil Lease Operator
  • Residential Manager
  • Housing Director

Job Opportunities for Property, Real Estate, and Community Association Managers

In the United States, there were 317,300 jobs for Property, Real Estate, or Community Association Manager in 2016. 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.

Forecasted Number of Jobs for Property, Real Estate, and Community Association Managers in U.S.

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.

Salary for a Property, Real Estate, or Community Association Manager

The salary for Property, Real Estate, and Community Association Managers ranges between about $29,700 and $126,200 a year.

Salary Ranges for Property, Real Estate, and Community Association Managers

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 & Technology 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
  • Facebook
  • Microsoft Publisher
  • Google Docs
  • Intuit QuickBooks
  • Oracle JD Edwards EnterpriseOne
  • YouTube
  • Google Drive
  • Calendar and scheduling software

How do I Become 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?

Property, Real Estate, or Community Association Manager Degree Level

How many years of work experience do I need?

Property, Real Estate, or Community Association Manager Work Experience

Who Employs Property, Real Estate, and Community Association Managers?

Property, Real Estate, or Community Association Manager Sectors

Below are examples of industries where Property, Real Estate, and Community Association Managers work:

Property, Real Estate, or Community Association Manager Industries

Similar Careers

Those thinking about becoming a Property, Real Estate, or Community Association Manager might also be interested in the following careers:

Career changers with experience as a Property, Real Estate, or Community Association Manager sometimes find work in one of the following fields:

References:

Image Credit: Godrej Mamurdi Pune via Creative Commons Attribution-Share Alike 4.0 International

More about our data sources and methodologies.

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