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Property, Real Estate, and Community Association Managers: Career Profile
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 Tasks Do Property, Real Estate, and Community Association Managers Take On?
The day-to-day responsibilities of property, real estate, and community association managers span:
- Prepare detailed budgets and financial reports for properties.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
- Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
- Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
Key Skills and Knowledge
Effective property, real estate, and community association managers rely on a mix of skills and domain knowledge.
Most Important Skills
These are the skills that matter most in this role, rated on an importance scale of 0 to 5:
Core Knowledge
Types of Property, Real Estate, and Community Association Managers Jobs
People in this occupation may also be known by titles such as:
- Apartment Community Manager
- Apartment House Manager
- Apartment Manager
- Apartment Property Manager
- Building Rental Manager
- Building Rental Superintendent
- Building Superintendent
- Cemetery Manager
Employment and Demand
The U.S. employs around 260,325 property, real estate, and community association managers working in the United States today. This occupation is expected to grow by +0.4% over the projection horizon.
Property, Real Estate, and Community Association Managers Pay
| Statistic | Value |
|---|---|
| Annual median | $77,609 |
| Hourly median | $37.31 |
| 10th percentile | $47,889 |
| 25th percentile | $62,749 |
| 75th percentile | $92,469 |
| 90th percentile | $107,329 |
Wages vary widely based on experience, location, and industry.
Property, Real Estate, and Community Association Managers Salary by State
| State | Annual median salary |
|---|---|
| Washington | $118,470 |
| Colorado | $103,790 |
| Massachusetts | $89,140 |
| District of Columbia | $86,040 |
| Virginia | $84,360 |
| Maryland | $80,800 |
| Rhode Island | $79,710 |
| New Jersey | $78,350 |
| New York | $77,320 |
| Connecticut | $76,030 |
| Vermont | $75,220 |
| California | $75,140 |
| Wisconsin | $74,660 |
| Illinois | $73,250 |
| Oregon | $72,480 |
| Georgia | $70,730 |
| Guam | $70,290 |
| New Hampshire | $66,710 |
| Pennsylvania | $66,340 |
| Florida | $65,160 |
| Texas | $64,260 |
| Minnesota | $63,970 |
| Wyoming | $63,170 |
| Virgin Islands | $62,820 |
| Hawaii | $62,710 |
| Tennessee | $62,630 |
| Maine | $62,560 |
| Arizona | $62,440 |
| Nebraska | $61,910 |
| Delaware | $61,190 |
| Indiana | $61,160 |
| New Mexico | $60,300 |
| South Carolina | $59,920 |
| Oklahoma | $59,820 |
| Nevada | $59,190 |
| Utah | $59,100 |
| Alaska | $58,650 |
| Michigan | $58,450 |
| Missouri | $58,450 |
| North Dakota | $57,520 |
| Ohio | $57,100 |
| Alabama | $56,190 |
| Idaho | $55,820 |
| Kansas | $55,750 |
| Iowa | $53,810 |
| Louisiana | $52,000 |
| Kentucky | $49,060 |
| Mississippi | $48,560 |
| West Virginia | $48,130 |
| Montana | $47,960 |
| South Dakota | $46,350 |
| Arkansas | $46,320 |
Where Property, Real Estate, and Community Association Managers Earn the Most
Pay for property, real estate, and community association managers vary by region. The following regions pay the most:
| Region | Median annual wage | Share of U.S. jobs | Location quotient |
|---|---|---|---|
| New England | $81,378 | 4.4% | 0.82 |
| Middle Atlantic | $75,563 | 13.8% | 0.81 |
| Far Western US | $75,392 | 24.3% | 1.37 |
| Rocky Mountains | $68,340 | 3.4% | 0.89 |
| Great Lakes | $63,868 | 12.6% | 0.81 |
| Other U.S. Territories | $62,820 | 0.0% | 1.36 |
| Southwest | $61,776 | 4.6% | 1.20 |
| Plains States | $58,256 | 6.8% | 0.90 |
Highest-Paying Metro Areas for Property, Real Estate, and Community Association Managers
| Metro area | State | Median annual wage | Employment |
|---|---|---|---|
| Greeley, CO | CO | $138,220 | 70 |
| Denver-Aurora-Centennial, CO | CO | $128,610 | 1,070 |
| Spokane-Spokane Valley, WA | WA | $124,860 | 170 |
| Kennewick-Richland, WA | WA | $123,460 | 70 |
| Olympia-Lacey-Tumwater, WA | WA | $122,380 | 60 |
| Seattle-Tacoma-Bellevue, WA | WA | $118,980 | 2,110 |
| Bremerton-Silverdale-Port Orchard, WA | WA | $115,770 | 50 |
| Bellingham, WA | WA | $107,350 | 50 |
Industry Breakdown
The bulk of property, real estate, and community association managers work in these industries:
| Industry | Employment | Median annual wage |
|---|---|---|
| Real Estate and Rental and Leasing | 239,020 | $63,680 |
| Management of Companies and Enterprises | 9,610 | $106,030 |
| Professional, Scientific, and Technical Services | 7,480 | n/a |
| Other Services (except Public Administration) | 7,380 | $66,070 |
| Construction | 6,990 | $99,390 |
| Administrative and Support and Waste Management and Remediation Services | 5,690 | $62,100 |
| Finance and Insurance | 3,520 | $104,260 |
| Health Care and Social Assistance | 2,890 | $65,980 |
The table below shows some of the most common industries where those employed in this career field work.
Tools and Technology
- Web page creation and editing software: Facebook (hot technology)
- Data mining software: Google Analytics (hot technology)
- Word processing software: Google Docs (hot technology)
- Web platform development software: Hypertext markup language HTML (hot technology)
- Accounting software: Intuit QuickBooks (hot technology)
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Project management software: Microsoft Project (hot technology)
- Operating system software: Microsoft Windows (hot technology)
Work Environment
Daily working conditions for property, real estate, and community association managers tends to involve the following characteristics:
- Telephone Conversations
- Face-to-Face Discussions with Individuals and Within Teams
- Contact With Others
- Written Letters and Memos
How to Become Property, Real Estate, and Community Association Managers
Most property, real estate, and community association managers positions require a bachelor’s degree as the typical entry-level education. This occupation sits in Considerable Preparation Needed (Job Zone 4), signaling the level of preparation typically expected.
Related Careers
Similar Occupations
- Facilities Managers (Primary-Short)
- Financial Managers (Supplemental)
- Purchasing Managers (Supplemental)
- Construction Managers (Supplemental)
- Lodging Managers (Primary-Long)
- Purchasing Agents, Except Wholesale, Retail, and Farm Products (Primary-Short)
- Government Property Inspectors and Investigators (Primary-Long)
- Appraisers of Personal and Business Property (Primary-Long)
References
Statistics shown above are sourced from the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 11-9141.00 (Property, Real Estate, and Community Association Managers).
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