What Do Property, Real Estate, and Community Association Managers Do?
Job Description & Duties 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).
List of Property, Real Estate, or Community Association Manager Job Duties
- Investigate complaints, disturbances and violations and resolve problems, following management rules and regulations.
- Purchase building and maintenance supplies, equipment, or furniture.
- Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
- Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
- Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
Things a Property, Real Estate, or Community Association Manager Should Know How to Do
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.
Types of Property, Real Estate, and Community Association Managers
- Rental Coordinator
- On-Site Manager
- Apartment Manager
- Housing Director
- Location Worker
Is There Going to be Demand for Property, Real Estate, and Community Association Managers?
In the United States, there were 317,300 jobs for Property, Real Estate, and Community Association Managers in 2016.
New jobs are being produced at a rate of 10.3% which is lower than average. The Bureau of Labor Statistics predicts 32,600 new jobs for Property, Real Estate, and Community Association Managers by 2026. The BLS estimates 28,300 yearly job openings in this field per year.
The states with the most job growth for Property, Real Estate, and Community Association Managers are Florida, California, and Texas.
Watch out if you plan on working in West Virginia, Maine, or Alaska. These states have the worst job growth for this type of profession.
Property, Real Estate, or Community Association Manager Salary
Property, Real Estate, and Community Association Managers Make between $29,700 and $126,200 a year. The median salary is $58,340.
How much do Property, Real Estate, and Community Association Managers make in different U.S. states?
| State | Annual Mean Salary |
|---|---|
|
New York |
$112,580 |
|
Virginia |
$97,580 |
|
Rhode Island |
$94,940 |
|
Colorado |
$92,900 |
|
Oklahoma |
$92,850 |
|
New Jersey |
$92,830 |
|
Washington |
$90,660 |
|
Massachusetts |
$89,530 |
|
Georgia |
$89,520 |
|
District of Columbia |
$82,940 |
|
Alaska |
$80,630 |
|
Pennsylvania |
$79,790 |
|
Texas |
$78,420 |
|
California |
$76,510 |
|
Maryland |
$76,450 |
|
Connecticut |
$72,760 |
|
Michigan |
$72,470 |
|
Iowa |
$72,200 |
|
North Carolina |
$70,230 |
|
Illinois |
$69,110 |
|
Minnesota |
$67,270 |
|
Hawaii |
$66,240 |
|
Arizona |
$65,890 |
|
New Hampshire |
$65,760 |
|
South Carolina |
$65,660 |
|
Vermont |
$65,230 |
|
Delaware |
$64,980 |
|
Alabama |
$64,890 |
|
Oregon |
$63,300 |
|
Wisconsin |
$63,230 |
|
West Virginia |
$63,110 |
|
Ohio |
$62,860 |
|
Florida |
$61,700 |
|
Wyoming |
$59,750 |
|
Tennessee |
$56,310 |
|
New Mexico |
$56,260 |
|
Maine |
$54,520 |
|
Missouri |
$53,780 |
|
Nevada |
$53,650 |
|
Nebraska |
$53,550 |
|
North Dakota |
$52,550 |
|
Kansas |
$52,040 |
|
Indiana |
$51,630 |
|
Louisiana |
$50,970 |
|
Arkansas |
$49,430 |
|
Kentucky |
$48,960 |
|
Montana |
$47,980 |
|
Utah |
$47,850 |
|
Mississippi |
$41,320 |
|
South Dakota |
$40,010 |
|
Idaho |
$36,800 |
What Tools 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 Word
- Microsoft PowerPoint
- Tax software
- Intuit QuickBooks
- YouTube
- Microsoft Dynamics
- Yardi
- Google Analytics
Where Property, Real Estate, and Community Association Managers Are Employed
You May Also Be Interested In…
Those thinking about becoming Property, Real Estate, and Community Association Managers might also be interested in the following careers:
- Logistics Managers
Career changers with experience as a Property, Real Estate, or Community Association Manager sometimes find work in one of the following fields:
- Travel Guides
- Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products
References
Image Credit: Via Wikimedia Commons
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