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Property, Real Estate, and Community Association Managers

	Median Wage (USD, 2024)	Projected Job Openings (2023-2033)	Projected Growth (2023-2033)
National Statistics	$66,700	37800	3.2%
State Statistics	-	-	-
City Statistics	-	-	-

Statistics

National

State

City

State

City

$66,700

Median Wage (USD, 2023)

37800

Projected Job Openings (2023-2033)

3.2%

Projected Growth (2023-2033)

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).

Experience Requirements Overview

Job Zone Four: Considerable Preparation Needed
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.
Most of these occupations require a four-year bachelor's degree, but some do not.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education, Training and Experience

Required Level of Education: Bachelor's Degree

Related Work Experience: Over 4 years, up to and including 6 years

On-Site or In-Plant Training: Up to and including 1 month

On-the-Job Training: Over 3 months, up to and including 6 months

Detailed Work Activities

Promote products, services, or programs.
Direct financial operations.
Inspect condition or functioning of facilities or equipment.
Resolve customer complaints or problems.
Manage construction activities.
Direct facility maintenance or repair activities.
Direct facility maintenance or repair activities.
Direct organizational operations, projects, or services.
Prepare financial documents, reports, or budgets.
Prepare forms or applications.
Negotiate sales or lease agreements for products or services.
Maintain operational records.
Evaluate characteristics of individuals to determine needs or eligibility.
Prepare financial documents, reports, or budgets.
Prepare operational budgets.
Evaluate employee performance.
Supervise employees.
Communicate with government agencies.
Coordinate operational activities with external stakeholders.
Promote products, services, or programs.
Analyze financial records to improve budgeting or planning.
Analyze financial records or reports to determine state of operations.
Prepare forms or applications.
Purchase materials, equipment, or other resources.
Liaise between departments or other groups to improve function or communication.
Communicate organizational information to customers or other stakeholders.
Confer with organizational members to accomplish work activities.
Communicate with government agencies.
Perform manual service or maintenance tasks.
Negotiate sales or lease agreements for products or services.
Negotiate sales or lease agreements for products or services.
Coordinate operational activities with external stakeholders.
Negotiate project specifications.
Analyze forecasting data to improve business decisions.

Work Values

Achievement

Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

Working Conditions

Recognition

Relationships

Support

Independence

Tasks

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.
Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
Act as liaisons between on-site managers or tenants and owners.
Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
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 with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
Purchase building and maintenance supplies, equipment, or furniture.
Review rents to ensure that they are in line with rental markets.
Clean common areas, change light bulbs, and make minor property repairs.
Determine and certify the eligibility of prospective tenants, following government regulations.
Confer regularly with community association members to ensure their needs are being met.
Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
Contract with architectural firms to draw up detailed plans for new structures.
Negotiate short- and long-term loans to finance construction and ownership of structures.
Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.

Work Styles

Achievement/Effort

Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.

Persistence

Initiative

Leadership

Cooperation

Concern for Others

Social Orientation

Self-Control

Stress Tolerance

Adaptability/Flexibility

Dependability

Attention to Detail

Integrity

Independence

Innovation

Analytical Thinking

Data Source: This page includes information from the O*NET 30.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. This page includes Employment Projections program, Occupational Employment and Wage Statistics program, U.S. Bureau of Labor Statistics.

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