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Property, Real Estate, or Community Association Manager

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What Does it Take to Be a Property, Real Estate, or Community Association Manager?

Position 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 detailed budgets and financial reports for properties.
  • Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
  • Contract with architectural firms to draw up detailed plans for new structures.
  • Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
  • Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
  • Purchase building and maintenance supplies, equipment, or furniture.

Property, Real Estate, or Community Association Manager Needed Skills

Property, Real Estate, and Community Association Managers state the following job skills are important in their day-to-day work.

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.

  • Territory Manager
  • Apartment House Manager
  • Market Master
  • Contracts Specialist
  • Real Estate Administrator

Property, Real Estate, or Community Association Manager Employment Estimates

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. Due to new job openings and attrition, there will be an average of 28,300 job openings in this field each 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.

Average Property, Real Estate, and Community Association Managers Salary

Property, Real Estate, and Community Association Managers make between $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?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Property, Real Estate, and Community Association Managers:

  • 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 to Become a Property, Real Estate, or Community Association Manager

Education needed to be a Property, Real Estate, or Community Association Manager:

Property, Real Estate, or Community Association Manager Degree Level

How Long Does it Take to Become a Property, Real Estate, or Community Association Manager?

Property, Real Estate, or Community Association Manager Work Experience

Where do Property, Real Estate, and Community Association Managers Work?

Property, Real Estate, or Community Association Manager Sectors

Property, Real Estate, and Community Association Managers work in the following industries:

Property, Real Estate, or Community Association Manager Industries

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

Are you already one of the many Property, Real Estate, or Community Association Manager in the United States? If you’re thinking about changing careers, these fields are worth exploring:

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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