What Does it Take to Be a Property, Real Estate, or Community Association Manager?
Property, Real Estate, or Community Association Manager Job 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).
What Do Property, Real Estate, and Community Association Managers Do On a Daily Basis?
- Act as liaisons between on-site managers or tenants and owners.
- Contract with architectural firms to draw up detailed plans for new structures.
- Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
Featured schools near , edit
Qualities of a Property, Real Estate, or Community Association Manager
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.
Related Job Titles
- Housing Project Manager
- Mall Manager
- Market Superintendent
- Land Acquisition Specialist
- Community Director
Property, Real Estate, or Community Association Manager Employment Estimates
There were about 317,300 jobs for Property, Real Estate, or Community Association Manager in 2016 (in the United States). 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. Due to new job openings and attrition, there will be an average of 28,300 job openings in this field each year.
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 average yearly salary of a Property, Real Estate, or Community Association Manager ranges between $29,700 and $126,200.
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 |
Tools & Technologies Used by Property, Real Estate, and Community Association Managers
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 to 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 Property, Real Estate, and Community Association Managers Work
Below are examples of industries where Property, Real Estate, and Community Association Managers work:
Related Careers
Those interested in being a Property, Real Estate, or Community Association Manager may also be interested in:
Career changers with experience as a Property, Real Estate, or Community Association Manager sometimes find work in one of the following fields:
- 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
More about our data sources and methodologies.
Featured Schools
Request Info
|
Southern New Hampshire University You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs. Learn More > |
TradeCollege.org provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. TradeCollege.org is a for-profit site, and the displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© TradeCollege.org – All Rights Reserved.