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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).
Also Known As:
Apartment Manager
Community Association Manager
Community Manager
Lease Administration Supervisor
Leasing Manager
Occupancy Director
On-Site Manager
Property Manager
Real Estate Manager
Resident Manager
Wages
Annual wages for Property, Real Estate, and Community Association Managers in United States
Job Outlook
Average
New job opportunities are likely in the future
United States
2033 Projected Employment
482,200
3% Change From 2023
Explore Property, Real Estate, and Community Association Managers video
Tasks you might complete in a day.
- Contract with architectural firms to draw up detailed plans for new structures.
- Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
- Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
- Purchase building and maintenance supplies, equipment, or furniture.
- Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
- Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
- Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
- Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Act as liaisons between on-site managers or tenants and owners.
- Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
- Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
- Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
- Confer regularly with community association members to ensure their needs are being met.
- Determine and certify the eligibility of prospective tenants, following government regulations.
- Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
- Prepare detailed budgets and financial reports for properties.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Prepare detailed budgets and financial reports for properties.
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
- Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
- Negotiate short- and long-term loans to finance construction and ownership of structures.
- Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Review rents to ensure that they are in line with rental markets.
- Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
- Clean common areas, change light bulbs, and make minor property repairs.
Subject areas you may need to master.
- Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
- Sociology and Anthropology - Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
- Geography - Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
- Philosophy and Theology - Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
- Food Production - Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
- Transportation - Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
- Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
- Fine Arts - Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
- Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- Foreign Language - Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
- Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
- Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Administrative - Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
- Physics - Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- Chemistry - Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Medicine and Dentistry - Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
- Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Therapy and Counseling - Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
Strengths you may need in this role.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Speaking - Talking to others.
- Repairing - Repairing machines or systems using the right tools.
- Installation - Installing equipment, machines, wiring, or computer programs.
- Operation and Control - Using equipment or systems.
- Mathematics - Using math to solve problems.
- Coordination - Changing what is done based on other people's actions.
- Operations Monitoring - Watching gauges, dials, or display screens to make sure a machine is working.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
- Management of Personnel Resources - Selecting and managing the best workers for a job.
- Equipment Maintenance - Planning and doing the basic maintenance on equipment.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Technology Design - Making equipment and technology useful for customers.
- Negotiation - Bringing people together to solve differences.
- Reading Comprehension - Reading work-related information.
- Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
- Active Learning - Figuring out how to use new ideas or things.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
- Persuasion - Talking people into changing their minds or their behavior.
- Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- Quality Control Analysis - Testing how well a product or service works.
- Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
- Instructing - Teaching people how to do something.
- Operations Analysis - Figuring out what a product or service needs to be able to do.
- Service Orientation - Looking for ways to help people.
- Writing - Writing things for co-workers or customers.
- Social Perceptiveness - Understanding people's reactions.
- Science - Using scientific rules and strategies to solve problems.
- Programming - Writing computer programs.
- Systems Evaluation - Measuring how well a system is working and how to improve it.
- Time Management - Managing your time and the time of other people.
- Management of Material Resources - Managing equipment and materials.
- Written Comprehension - Reading and understanding what is written.
- Written Expression - Communicating by writing.
- Originality - Creating new and original ideas.
- Deductive Reasoning - Using rules to solve problems.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Static Strength - Lifting, pushing, pulling, or carrying.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Speed of Limb Movement - Quickly moving your arms and legs.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
- Gross Body Equilibrium - Keeping your balance or staying upright.
- Near Vision - Seeing details up close.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Depth Perception - Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
- Category Flexibility - Grouping things in different ways.
- Spatial Orientation - Knowing where things are around you.
- Visualization - Imagining how something will look after it is moved around or changed.
- Selective Attention - Paying attention to something without being distracted.
- Time Sharing - Doing two or more things at the same time.
- Night Vision - Seeing at night or under low light.
- Trunk Strength - Using your lower back and stomach.
- Far Vision - Seeing details that are far away.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Sound Localization - Noticing the direction that a sound came from.
- Speech Recognition - Recognizing spoken words.
- Speech Clarity - Speaking clearly.
- Finger Dexterity - Putting together small parts with your fingers.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Perceptual Speed - Quickly comparing groups of letters, numbers, pictures, or other things.
- Oral Comprehension - Listening and understanding what people say.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- Oral Expression - Communicating by speaking.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Glare Sensitivity - Seeing something even if there is a glare or very bright light.
- Hearing Sensitivity - Telling the difference between sounds.
- Auditory Attention - Paying attention to one sound while there are other distracting sounds.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- Problem Sensitivity - Noticing when problems happen.
- Information Ordering - Ordering or arranging things.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Memorization - Remembering words, numbers, pictures, or steps.
- Speed of Closure - Quickly knowing what you are looking at.
- Flexibility of Closure - Seeing hidden patterns.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Explosive Strength - Jumping, sprinting, or throwing something.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Control Precision - Quickly changing the controls of a machine, car, truck or boat.
- Stamina - Exercising for a long time without getting out of breath.
- Fluency of Ideas - Coming up with lots of ideas.
- Manual Dexterity - Holding or moving items with your hands.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
Average Education Attained
Highest level of education earned by people in this career.
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Content sourced from United States Department of Labor Employment and Training Administration ("DOLETA") and the Minnesota Department of Employment & Economic Development ("DEED")