What You Need to Know About Property, Real Estate, or Community Association Manager
Career 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).
Life As a Property, Real Estate, or Community Association Manager: What Do They Do?
- Act as liaisons between on-site managers or tenants and owners.
- Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
- Prepare detailed budgets and financial reports for properties.
- Clean common areas, change light bulbs, and make minor property repairs.
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Property, Real Estate, or Community Association Manager Required Skills
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.
Other Property, Real Estate, or Community Association Manager Job Titles
- Property Manager
- Building Custodian, Managing, Supervising, Renting
- Housing Relocation
- Housing Director
- Building Rental Superintendent
Property, Real Estate, or Community Association Manager Employment Estimates
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. The BLS estimates 28,300 yearly job openings in this field.
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
Property, Real Estate, and Community Association Managers make between $29,700 and $126,200 a year.
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 each U.S. state?
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
- Microsoft Publisher
- Google Docs
- Intuit QuickBooks
- Oracle JD Edwards EnterpriseOne
- YouTube
- Google Drive
- Calendar and scheduling software
How to Become a Property, Real Estate, or Community Association Manager
What kind of Property, Real Estate, or Community Association Manager requirements are there?
How Long Does it Take to Become a Property, Real Estate, or Community Association Manager?
Where Property, Real Estate, and Community Association Managers Work
Below are examples of industries where Property, Real Estate, and Community Association Managers work:
Related Careers
Those interested in being a Property, Real Estate, or Community Association Manager may also be interested in:
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
More about our data sources and methodologies.
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