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Property, Real Estate, or Community Association Manager

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What Does it Take to Be a Property, Real Estate, or Community Association Manager?

Job Description & Duties 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

  • Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
  • Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
  • Review rents to ensure that they are in line with rental markets.
  • Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
  • Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
  • Clean common areas, change light bulbs, and make minor property repairs.

Property, Real Estate, or Community Association Manager Needed Skills

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.

  • Condominium Manager
  • Facility Coordinator
  • Land Commissioner
  • Trustee
  • Right of Way Supervisor

Job Opportunities 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.

Forecasted Number of Jobs for Property, Real Estate, and Community Association Managers in U.S.

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.

Average Property, Real Estate, and Community Association Managers Salary

The average yearly salary of a Property, Real Estate, or Community Association Manager ranges between $29,700 and $126,200.

Salary Ranges for Property, Real Estate, and Community Association Managers

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 each U.S. state?

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
  • Facebook
  • Microsoft Publisher
  • Google Docs
  • Intuit QuickBooks
  • Oracle JD Edwards EnterpriseOne
  • YouTube
  • Google Drive
  • Calendar and scheduling software

Becoming a Property, Real Estate, or Community Association Manager

Education needed to be a Property, Real Estate, or Community Association Manager:

Property, Real Estate, or Community Association Manager Degree Level

How many years of work experience do I need?

Property, Real Estate, or Community Association Manager Work Experience

Where do Property, Real Estate, and Community Association Managers Work?

Property, Real Estate, or Community Association Manager Sectors

The table below shows the approximate number of Property, Real Estate, and Community Association Managers employed by various industries.

Property, Real Estate, or Community Association Manager Industries

You May Also Be Interested In…

Those thinking about becoming a Property, Real Estate, or Community Association Manager might also be interested in the following careers:

Those who work as a Property, Real Estate, or Community Association Manager sometimes switch careers to one of these choices:

References:

Image Credit: Godrej Mamurdi Pune via Creative Commons Attribution-Share Alike 4.0 International

More about our data sources and methodologies.

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