What Do Property, Real Estate, or Community Association Manager Do?
Occupation 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).
A Day in the Life of a Property, Real Estate, or Community Association Manager
- Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
- Review rents to ensure that they are in line with rental markets.
- Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
- Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
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Skills Needed to be a Property, Real Estate, or Community Association Manager
These are the skills Property, Real Estate, and Community Association Managers say are the most useful in their careers:
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.
Types of Property, Real Estate, or Community Association Manager
- Real Estate Investor
- Building Rental Manager
- Real Estate Agent
- Condominium Association Manager
- Residential Manager
Is There Job Demand for Property, Real Estate, and Community Association Managers?
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. 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.
Do Property, Real Estate, and Community Association Managers Make A Lot Of Money?
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.
Below is a list of the median annual salaries for Property, Real Estate, and Community Association Managers 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?
Below is a list of the types of tools and technologies that Property, Real Estate, and Community Association Managers may use on a daily basis:
- 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?
Are there Property, Real Estate, and Community Association Managers education requirements?
What work experience do I need to become a Property, Real Estate, or Community Association Manager?
Where do Property, Real Estate, and Community Association Managers Work?
Below are examples of industries where Property, Real Estate, and Community Association Managers work:
Other Jobs You May 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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