Property, Real Estate, and Community Association Managers

Overview

Property, Real Estate, and Community Association Managers has a national median salary of $69,990 per year, with +3.7% projected job growth from 2025–2035. The Bureau of Labor Statistics lists a high school diploma or equivalent as the typical education needed to enter this occupation.

Description

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).

Work Values

• Independence
• Achievement
• Working Conditions

Work Styles

Responsibilities

Tasks

• Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
• Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
• Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
• Prepare detailed budgets and financial reports for properties.
• Act as liaisons between on-site managers or tenants and owners.

Work Activities

• Making Decisions and Solving Problems
• Communicating with Supervisors, Peers, or Subordinates
• Organizing, Planning, and Prioritizing Work
• Working with Computers
• Establishing and Maintaining Interpersonal Relationships
• Getting Information
• Communicating with People Outside the Organization
• Coordinating the Work and Activities of Others
• Guiding, Directing, and Motivating Subordinates
• Scheduling Work and Activities

Detailed Work Activities

• Analyzing information and evaluating results to choose the best solution and solve problems.
• Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
• Developing specific goals and plans to prioritize, organize, and accomplish your work.
• Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
• Developing constructive and cooperative working relationships with others, and maintaining them over time.
• Observing, receiving, and otherwise obtaining information from all relevant sources.
• Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
• Getting members of a group to work together to accomplish tasks.
• Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
• Scheduling events, programs, and activities, as well as the work of others.

T-A-S-K

Technology, Abilities, Skills & Knowledge

Education

Education Levels of Current Workers

The Bureau of Labor Statistics lists a high school diploma or equivalent as the typical education needed to enter this occupation. The chart below shows the highest level of education held by people already working in this field, ages 25 and older. It includes workers who earned more education than the job requires and workers who entered the field under earlier requirements, so the largest bar is not the entry requirement. For example, if someone finished a bachelor's degree and then started working in this field, they are counted under “Bachelor's degree” here, but the job itself typically asks for a high school diploma or equivalent.

Certificates

Certifications applicable to Property, Real Estate, and Community Association Managers:

Video Resources