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Property, Real Estate, and Community Association Managers

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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.

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, 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.

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

How much do Property, Real Estate, and Community Association Managers make in different U.S. states?

Annual Mean Salary by State
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
  • LinkedIn
  • Intuit QuickBooks
  • YouTube
  • Microsoft Dynamics
  • Yardi
  • Google Analytics
  • Facebook

Where Property, Real Estate, and Community Association Managers Are Employed

Property, Real Estate, or Community Association Manager Sectors

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

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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