What You Need to Know About 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).
Property, Real Estate, or Community Association Manager Responsibilities
- Determine and certify the eligibility of prospective tenants, following government regulations.
- Act as liaisons between on-site managers or tenants and owners.
- Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
- 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.
- Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
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What Skills Do You Need to Work as a Property, Real Estate, or Community Association Manager?
When polled, Property, Real Estate, and Community Association Managers say the following skills are most frequently used in their jobs:
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 for this Occupation:
- Land Acquisition Manager
- Condominium Association Manager
- Landman
- Mall Manager
- Supervisor
Is There Job Demand for Property, Real Estate, and Community Association Managers?
In the United States, there were 317,300 jobs for Property, Real Estate, or Community Association Manager in 2016. 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.
How Much Does a Property, Real Estate, or Community Association Manager Make?
Property, Real Estate, and Community Association Managers make between $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?
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?
What education or degrees do I need to become 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:
Other Jobs You May be Interested In
Those thinking about becoming a Property, Real Estate, or Community Association Manager might also be interested in the following careers:
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
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