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What Does it Take to Be a Property, Real Estate, or Community Association Manager?
Career 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).
Life As a Property, Real Estate, or Community Association Manager: What Do They Do?
- Determine and certify the eligibility of prospective tenants, following government regulations.
- Confer regularly with community association members to ensure their needs are being met.
- Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
- Negotiate short- and long-term loans to finance construction and ownership of structures.
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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.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Related Job Titles
- Real Estate Manager
- Contracts Specialist
- Leasing Property Manager
- Superintendent
- Mobile Home Park Manager
What Kind of Property, Real Estate, or Community Association Manager Job Opportunities Are There?
In 2016, there was an estimated number of 317,300 jobs in the United States for Property, Real Estate, or Community Association Manager. 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.
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.
What is the Average Salary of a Property, Real Estate, or Community Association Manager
The salary for Property, Real Estate, and Community Association Managers ranges between about $29,700 and $126,200 a year.
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
- 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?
Education needed to be a Property, Real Estate, or Community Association Manager:
How many years of work experience do I need?
Where do Property, Real Estate, and Community Association Managers Work?
The table below shows the approximate number of Property, Real Estate, and Community Association Managers employed by various industries.
You May Also Be Interested In…
Those interested in being a Property, Real Estate, or Community Association Manager may also be interested in:
Those who work as a Property, Real Estate, or Community Association Manager sometimes switch careers to one of these choices:
- Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products
- Travel Guides
References:
Image Credit: Godrej Mamurdi Pune via Creative Commons Attribution-Share Alike 4.0 International
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