Career Overview
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 Manager
- Property Manager
- Resident Manager
Alternate Job Titles
- 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
What You'll Do
In this role, your typical responsibilities include:
- 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.
Knowledge You'll Use
You'll need solid knowledge in these areas:
- Customer and Personal Service
- Administration and Management
- Economics and Accounting
- English Language
- Law and Government
- Public Safety and Security
- Mathematics
- Personnel and Human Resources
Essential Skills
Success in this career requires strong skills in:
- Speaking
- Reading Comprehension
- Active Listening
- Writing
- Coordination
Key Abilities
This career requires key abilities in:
- Oral Comprehension
- Oral Expression
- Written Comprehension
- Written Expression
- Inductive Reasoning
- Speech Recognition
- Speech Clarity
- Problem Sensitivity
- Deductive Reasoning
- Information Ordering
Work Style
People who excel in this career typically demonstrate:
- Dependability
- Leadership Orientation
- Attention to Detail
- Integrity
- Social Orientation
What Matters in This Career
This career tends to satisfy these work values:
- Independence
- Achievement
- Working Conditions
- Recognition
- Relationships
Education & Preparation
Typical Education: Bachelor's Degree
Related Work Experience Needed: Over 4 years, up to and including 6 years
On-the-Job Training: Over 3 months, up to and including 6 months
Education Details: Most of these occupations require a four-year bachelor's degree, but some do not.
Experience Required: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Technology You'll Use
Popular Technologies & Software
- Google Analytics
- Google Docs
- Hypertext markup language HTML
- Intuit QuickBooks
- Microsoft Access
- Microsoft Excel
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
Tools & Equipment
- 10-key calculators
- Computer laser printers
- Desktop computers
- Digital cameras
- Golf carts
- Handheld calculators
- Laptop computers
- Laser facsimile machines
- Lenel Onguard
- Multi-line telephone systems
- Personal computers
- Photocopiers
- Scanners
- Smartphones
- Step ladders
Work Environment
- Telephone Conversations
- Face-to-Face Discussions with Individuals and Within Teams
- Contact With Others
- Written Letters and Memos
Salary & Job Market
| Salary Percentile | Annual Wage |
|---|---|
| Entry-Level (10th percentile) | $39,360 |
| Median | $66,700 |
| Top Earners (90th percentile) | $141,040 |
Workers Employed Nationally: 296,640
Related Careers
If you're interested in this career, you might also consider:
Real Estate Sales Agents
Education: High School Diploma - or the equivalent (for example, GED)
Median Salary: $56,320
Real Estate Brokers
Education: Bachelor's Degree
Median Salary: $72,280
Facilities Managers
Education: Associate's Degree (or other 2-year degree)
Median Salary: $104,690
Appraisers and Assessors of Real Estate
Education: Bachelor's Degree
Median Salary: Varies
Purchasing Agents, Except Wholesale, Retail, and Farm Products
Education: Bachelor's Degree
Median Salary: Varies
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Occupational data sourced from the O*NET OnLine database, developed by the U.S. Department of Labor, Employment and Training Administration. Wage data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), 2024.