Property, Real Estate, and Community Association Managers

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).

Median Annual Wage: $54,270

Education: Bachelor's degree (48%); Some college, no degree (12%); High school diploma or equivalent (12%)

Projected Growth: Average (8% to 14%)

Related Job Titles: Property Manager; Apartment Manager; Community Manager; Lease Administration Supervisor; Resident Manager; Leasing Manager; Commercial Property Services Coordinator; Condominium Association Property Manager; Consulting Property Manager; On Site Property Manager

Source: O*NET OnLine information for Property, Real Estate, and Community Association Managers.

More Management Careers

  • Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
  • Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
  • Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
  • Act as liaisons between on-site managers or tenants and owners.
  • Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
  • Prepare detailed budgets and financial reports for properties.
  • Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
  • Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
  • Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
  • Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
  • Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
  • Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
  • Investigate complaints, disturbances and violations and resolve problems following management rules and regulations.
  • Prepare and administer contracts for provision of property services such as cleaning, maintenance, and security services.
  • Review rents to ensure that they are in line with rental markets.
  • Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
  • Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
  • Purchase building and maintenance supplies, equipment, or furniture.

Source: O*NET OnLine information for Property, Real Estate, and Community Association Managers.

  • Speaking - Talking to others to convey information effectively.
  • Coordination - Adjusting actions in relation to others' actions.
  • 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.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Negotiation - Bringing others together and trying to reconcile differences.
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
  • Persuasion - Persuading others to change their minds or behavior.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Source: O*NET OnLine information for Property, Real Estate, and Community Association Managers.

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