Property, Real Estate, and Community Association Managers

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).

Median Annual Wage: $54,270

Education: Bachelor's degree (48%); High school diploma or equivalent (12%); Some college, no degree (12%)

Projected Growth: Average (8% to 14%)

Related Job Titles: Property Manager; Apartment Manager; Community Manager; Lease Administration Supervisor; Resident Manager; Leasing Manager; Commercial Property Services Coordinator; Condominium Association Property Manager; Consulting Property Manager; On Site Property Manager

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Source: O*NET OnLine information for Property, Real Estate, and Community Association Managers.

More Management Careers

  • 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.
  • Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
  • Act as liaisons between on-site managers or tenants and owners.
  • Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
  • Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
  • Prepare detailed budgets and financial reports for properties.
  • Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
  • Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
  • Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
  • Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
  • Prepare and administer contracts for provision of property services such as cleaning, maintenance, and security services.
  • Investigate complaints, disturbances and violations and resolve problems following management rules and regulations.
  • 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.
  • Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
  • Purchase building and maintenance supplies, equipment, or furniture.

Source: O*NET OnLine information for Property, Real Estate, and Community Association Managers.

  • 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.
  • Persuasion - Persuading others to change their minds or behavior.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Source: O*NET OnLine information for Property, Real Estate, and Community Association Managers.

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