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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
2034 Projected Employment
483,100
4% Change From 2024
Explore Property, Real Estate, and Community Association Managers video
Tasks you might complete in a day.
- Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
- 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.
- Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Purchase building and maintenance supplies, equipment, or furniture.
- Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
- Contract with architectural firms to draw up detailed plans for new structures.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
- Prepare detailed budgets and financial reports for properties.
- Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
- 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.
- Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
- Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
- 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.
- Confer regularly with community association members to ensure their needs are being met.
- Prepare detailed budgets and financial reports for properties.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- 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.
- 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.
- Negotiate short- and long-term loans to finance construction and ownership of structures.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Clean common areas, change light bulbs, and make minor property repairs.
- Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
- Review rents to ensure that they are in line with rental markets.
Subject areas you may need to master.
- 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.
- 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.
- 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.
- Fine Arts - Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
- Transportation - Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
- Sociology and Anthropology - Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
- 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.
- 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.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- 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.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- 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.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- 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.
- 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.
- 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.
- 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.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- 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.
- 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.
- 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.
- 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.
- 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.
- Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
- 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.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- 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.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- 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.
Strengths you may need in this role.
- Speaking - Talking to others.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Coordination - Changing what is done based on other people's actions.
- Repairing - Repairing machines or systems using the right tools.
- Mathematics - Using math to solve problems.
- Installation - Installing equipment, machines, wiring, or computer programs.
- Operations Monitoring - Watching gauges, dials, or display screens to make sure a machine is working.
- Operation and Control - Using equipment or systems.
- 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.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Negotiation - Bringing people together to solve differences.
- Persuasion - Talking people into changing their minds or their behavior.
- Technology Design - Making equipment and technology useful for customers.
- Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
- Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
- Reading Comprehension - Reading work-related information.
- Active Learning - Figuring out how to use new ideas or things.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- 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.
- Writing - Writing things for co-workers or customers.
- Social Perceptiveness - Understanding people's reactions.
- Service Orientation - Looking for ways to help people.
- Time Management - Managing your time and the time of other people.
- Programming - Writing computer programs.
- Systems Evaluation - Measuring how well a system is working and how to improve it.
- Quality Control Analysis - Testing how well a product or service works.
- Science - Using scientific rules and strategies to solve problems.
- Management of Material Resources - Managing equipment and materials.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
- Written Comprehension - Reading and understanding what is written.
- Near Vision - Seeing details up close.
- Deductive Reasoning - Using rules to solve problems.
- Written Expression - Communicating by writing.
- Depth Perception - Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
- Originality - Creating new and original ideas.
- Gross Body Equilibrium - Keeping your balance or staying upright.
- Selective Attention - Paying attention to something without being distracted.
- Category Flexibility - Grouping things in different ways.
- Spatial Orientation - Knowing where things are around you.
- Static Strength - Lifting, pushing, pulling, or carrying.
- Time Sharing - Doing two or more things at the same time.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Visualization - Imagining how something will look after it is moved around or changed.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Speed of Limb Movement - Quickly moving your arms and legs.
- Speech Clarity - Speaking clearly.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Trunk Strength - Using your lower back and stomach.
- Far Vision - Seeing details that are far away.
- Sound Localization - Noticing the direction that a sound came from.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Night Vision - Seeing at night or under low light.
- Speech Recognition - Recognizing spoken words.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Perceptual Speed - Quickly comparing groups of letters, numbers, pictures, or other things.
- Finger Dexterity - Putting together small parts with your fingers.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- Fluency of Ideas - Coming up with lots of ideas.
- Stamina - Exercising for a long time without getting out of breath.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Memorization - Remembering words, numbers, pictures, or steps.
- Explosive Strength - Jumping, sprinting, or throwing something.
- Flexibility of Closure - Seeing hidden patterns.
- Oral Expression - Communicating by speaking.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Oral Comprehension - Listening and understanding what people say.
- 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.
- Problem Sensitivity - Noticing when problems happen.
- Speed of Closure - Quickly knowing what you are looking at.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
- Control Precision - Quickly changing the controls of a machine, car, truck or boat.
- Information Ordering - Ordering or arranging things.
- Manual Dexterity - Holding or moving items with your hands.
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")