Property, Real Estate, and Community Association Managers: Career Overview
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).
Featured schools near , edit
What Do Property, Real Estate, and Community Association Managers Do?
The day-to-day responsibilities of property, real estate, and community association managers cover:
- Prepare detailed budgets and financial reports for properties.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
- Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
- Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
What Property, Real Estate, and Community Association Managers Need to Know
Effective property, real estate, and community association managers draw on a mix of skills and domain knowledge.
Top Skills
The competencies most central to this role, rated on an importance scale of 0 to 5:
Core Knowledge
Types of Property, Real Estate, and Community Association Managers Jobs
People in this occupation may also be known by titles such as:
- Apartment Community Manager
- Apartment House Manager
- Apartment Manager
- Apartment Property Manager
- Building Rental Manager
- Building Rental Superintendent
- Building Superintendent
- Cemetery Manager
How Many Property, Real Estate, and Community Association Managers Are There?
There are about 260,325 property, real estate, and community association managers working in the United States today. This occupation is expected to grow by +0.4% over the projection horizon.
Salary for Property, Real Estate, and Community Association Managers
| Statistic | Value |
|---|---|
| Annual median | $77,609 |
| Hourly median | $37.31 |
| 10th percentile | $47,889 |
| 25th percentile | $62,749 |
| 75th percentile | $92,469 |
| 90th percentile | $107,329 |
Pay can vary substantially based on experience, location, and industry.
How Much Do Property, Real Estate, and Community Association Managers Make in Different U.S. States?
| State | Annual median salary |
|---|---|
| Washington | $118,470 |
| Colorado | $103,790 |
| Massachusetts | $89,140 |
| District of Columbia | $86,040 |
| Virginia | $84,360 |
| Maryland | $80,800 |
| Rhode Island | $79,710 |
| New Jersey | $78,350 |
| New York | $77,320 |
| Connecticut | $76,030 |
| Vermont | $75,220 |
| California | $75,140 |
| Wisconsin | $74,660 |
| Illinois | $73,250 |
| Oregon | $72,480 |
| Georgia | $70,730 |
| Guam | $70,290 |
| New Hampshire | $66,710 |
| Pennsylvania | $66,340 |
| Florida | $65,160 |
| Texas | $64,260 |
| Minnesota | $63,970 |
| Wyoming | $63,170 |
| Virgin Islands | $62,820 |
| Hawaii | $62,710 |
| Tennessee | $62,630 |
| Maine | $62,560 |
| Arizona | $62,440 |
| Nebraska | $61,910 |
| Delaware | $61,190 |
| Indiana | $61,160 |
| New Mexico | $60,300 |
| South Carolina | $59,920 |
| Oklahoma | $59,820 |
| Nevada | $59,190 |
| Utah | $59,100 |
| Alaska | $58,650 |
| Michigan | $58,450 |
| Missouri | $58,450 |
| North Dakota | $57,520 |
| Ohio | $57,100 |
| Alabama | $56,190 |
| Idaho | $55,820 |
| Kansas | $55,750 |
| Iowa | $53,810 |
| Louisiana | $52,000 |
| Kentucky | $49,060 |
| Mississippi | $48,560 |
| West Virginia | $48,130 |
| Montana | $47,960 |
| South Dakota | $46,350 |
| Arkansas | $46,320 |
Pay by U.S. Region
Pay for property, real estate, and community association managers differ across the country. These regions lead on median pay:
| Region | Median annual wage | Share of U.S. jobs | Location quotient |
|---|---|---|---|
| New England | $81,378 | 4.4% | 0.82 |
| Middle Atlantic | $75,563 | 13.8% | 0.81 |
| Far Western US | $75,392 | 24.3% | 1.37 |
| Rocky Mountains | $68,340 | 3.4% | 0.89 |
| Great Lakes | $63,868 | 12.6% | 0.81 |
| Other U.S. Territories | $62,820 | 0.0% | 1.36 |
| Southwest | $61,776 | 4.6% | 1.20 |
| Plains States | $58,256 | 6.8% | 0.90 |
Where the Jobs Cluster
| Metro area | State | Median annual wage | Employment |
|---|---|---|---|
| Greeley, CO | CO | $138,220 | 70 |
| Denver-Aurora-Centennial, CO | CO | $128,610 | 1,070 |
| Spokane-Spokane Valley, WA | WA | $124,860 | 170 |
| Kennewick-Richland, WA | WA | $123,460 | 70 |
| Olympia-Lacey-Tumwater, WA | WA | $122,380 | 60 |
| Seattle-Tacoma-Bellevue, WA | WA | $118,980 | 2,110 |
| Bremerton-Silverdale-Port Orchard, WA | WA | $115,770 | 50 |
| Bellingham, WA | WA | $107,350 | 50 |
Top Industries Employing Property, Real Estate, and Community Association Managers
Most property, real estate, and community association managers are concentrated in the following sectors:
| Industry | Employment | Median annual wage |
|---|---|---|
| Real Estate and Rental and Leasing | 239,020 | $63,680 |
| Management of Companies and Enterprises | 9,610 | $106,030 |
| Professional, Scientific, and Technical Services | 7,480 | n/a |
| Other Services (except Public Administration) | 7,380 | $66,070 |
| Construction | 6,990 | $99,390 |
| Administrative and Support and Waste Management and Remediation Services | 5,690 | $62,100 |
| Finance and Insurance | 3,520 | $104,260 |
| Health Care and Social Assistance | 2,890 | $65,980 |
The table below shows some of the most common industries where those employed in this career field work.
Tools and Technology
- Web page creation and editing software: Facebook (hot technology)
- Data mining software: Google Analytics (hot technology)
- Word processing software: Google Docs (hot technology)
- Web platform development software: Hypertext markup language HTML (hot technology)
- Accounting software: Intuit QuickBooks (hot technology)
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Project management software: Microsoft Project (hot technology)
- Operating system software: Microsoft Windows (hot technology)
What the Workplace Is Like
The on-the-job environment of property, real estate, and community association managers is shaped by the following characteristics:
- Telephone Conversations
- Face-to-Face Discussions with Individuals and Within Teams
- Contact With Others
- Written Letters and Memos
How to Become Property, Real Estate, and Community Association Managers
Typical property, real estate, and community association managers positions require a bachelor’s degree as the typical entry-level education. This career aligns with Considerable Preparation Needed (Job Zone 4), signaling the level of preparation typically expected.
Related Careers
Similar Occupations
- Facilities Managers (Primary-Short)
- Financial Managers (Supplemental)
- Purchasing Managers (Supplemental)
- Construction Managers (Supplemental)
- Lodging Managers (Primary-Long)
- Purchasing Agents, Except Wholesale, Retail, and Farm Products (Primary-Short)
- Government Property Inspectors and Investigators (Primary-Long)
- Appraisers of Personal and Business Property (Primary-Long)
Where to Study
Aspiring property, real estate, and community association managers often complete programs in:
Business, Management, Marketing, and Related Support Services
1 programs across 1 majors
Architecture and Related Services
1 programs across 1 majors
About the Data
Statistics shown above are sourced from the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 11-9141.00 (Property, Real Estate, and Community Association Managers).
BusinessDegreeCentral.com provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. The displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© BusinessDegreeCentral.com – All Rights Reserved.