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Property, Real Estate, and Community Association Managers in New York
Thinking about a career as a Property, Real Estate, and Community Association Managers in New York? Here’s what you need to know. 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 Make in New York?
For a property, real estate, and community association managers working in New York, the median annual wage is $77,320 per year (or roughly $37.17/hour).Earnings range from $58,710 at the 10th percentile to $167,810 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $58,710 | $28.22 |
| 25th percentile | $67,090 | $32.25 |
| Median (50th) | $77,320 | $37.17 |
| 75th percentile | $124,320 | $59.77 |
| 90th percentile | $167,810 | $80.68 |
Location quotient — how concentrated this career is in New York nationwide is 0.70, meaning fewer property, real estate, and community association managers per worker than the national average.
National Wage Comparison
Nationally, property, real estate, and community association managers earn a median of $77,609 per year ($37.31/hour), lower than the New York median.
Employment Outlook
National employment for 260,325 property, real estate, and community association managers in the U.S.. In New York alone, approximately 12,940 people work in this role. That’s more than the typical state, which employs around 2,660 property, real estate, and community association managers.
Top New York Metros for Property, Real Estate, and Community Association Managers
The largest metro-area employers of property, real estate, and community association managers in New York.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | 15,420 | $79,170 |
| Rochester, NY | 440 | $63,960 |
| Albany-Schenectady-Troy, NY | 400 | $76,900 |
| Buffalo-Cheektowaga, NY | 390 | $77,000 |
| Syracuse, NY | 260 | $75,780 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 160 | $63,480 |
| Ithaca, NY | 50 | n/a |
| Binghamton, NY | 40 | $63,040 |
| Glens Falls, NY | 40 | $63,280 |
Top States for Property, Real Estate, and Community Association Managers Employment
These states have the highest employment of property, real estate, and community association managers work.
| State | Number Employed |
|---|---|
| California | 50,410 |
| Florida | 30,350 |
| New York | 12,940 |
| Illinois | 10,070 |
| North Carolina | 9,850 |
| Ohio | 9,740 |
| Arizona | 8,610 |
| Georgia | 8,530 |
| Pennsylvania | 8,330 |
| Michigan | 6,580 |
| New Jersey | 6,220 |
| Massachusetts | 5,860 |
| Maryland | 5,420 |
| Tennessee | 5,200 |
| Minnesota | 4,990 |
| Virginia | 4,920 |
| Indiana | 4,270 |
| Missouri | 4,130 |
| South Carolina | 4,100 |
| Nevada | 4,090 |
Highest-Paying States for Property, Real Estate, and Community Association Managers
These states pay the most for property, real estate, and community association managers.
| 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 |
Skills
Top property, real estate, and community association managers skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
The abilities that matter most for property, real estate, and community association managers, rated on an importance scale of 0 to 5:
Daily Tasks
Property, Real Estate, and Community Association Managers typically:
- 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.
- Act as liaisons between on-site managers or tenants and owners.
- Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
- Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
Work Activities
- Making Decisions and Solving Problems
- Getting Information
- Communicating with Supervisors, Peers, or Subordinates
- Working with Computers
- Coordinating the Work and Activities of Others
- Establishing and Maintaining Interpersonal Relationships
- Resolving Conflicts and Negotiating with Others
- Communicating with People Outside the Organization
- Organizing, Planning, and Prioritizing Work
- Developing and Building Teams
- Updating and Using Relevant Knowledge
- Guiding, Directing, and Motivating Subordinates
Tools & Technology
Technologies frequently used: Hot technologies: Facebook, Google Analytics In-demand technologies: Microsoft Excel
Related Careers
Other careers like property, real estate, and community association managers include:
- Facilities Managers
- Financial Managers
- Purchasing Managers
- Construction Managers
- Lodging Managers
- Purchasing Agents, Except Wholesale, Retail, and Farm Products
Also Known As
Apartment Community Manager, Apartment House Manager, Apartment Manager, Apartment Property Manager, Building Rental Manager, Building Rental Superintendent, Building Superintendent, Cemetery Manager, Commercial Property Manager, Community Association Manager, Community Director, Community Manager, Condominium Association Manager, Condominium Manager, Cooperative Manager.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 11-9141.00
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