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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?

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).

A Day in the Life of a Property, Real Estate, or Community Association Manager

  • Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
  • Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
  • Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
  • Determine and certify the eligibility of prospective tenants, following government regulations.
  • Contract with architectural firms to draw up detailed plans for new structures.
  • Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.

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.

  • Assistant Property Manager
  • Residential Manager
  • Housing Manager
  • Mall Manager
  • Location Man

Is There Job Demand for Property, Real Estate, and Community Association Managers?

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. The BLS estimates 28,300 yearly job openings in this field.

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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.

Property, Real Estate, or Community Association Manager Salary

The typical yearly salary for Property, Real Estate, and Community Association Managers is somewhere between $29,700 and $126,200.

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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 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 do I Become a Property, Real Estate, or Community Association Manager?

What kind of Property, Real Estate, or Community Association Manager requirements are there?

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

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Where Property, Real Estate, and Community Association Managers Work

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The table below shows some of the most common industries where those employed in this career field work.

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Other Jobs You May be Interested In

Those interested in being a Property, Real Estate, or Community Association Manager may also be interested in:

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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