CFChooseField
Management

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).

Visual summary of pay, outlook, skills, interests, and preparation for Property, Real Estate, and Community Association Managers
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Median pay

$66,700
Median annual pay for Property, Real Estate, and Community Association Managers.
U.S. Bureau of Labor Statistics · 2024
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10-year growth

3.6%
Projected employment growth from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Annual openings

39,000
Projected annual openings, including growth and replacement demand.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Employment

466,100
Estimated U.S. employment for Property, Real Estate, and Community Association Managers in 2024.
U.S. Bureau of Labor Statistics · 2024
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Jobs added or lost

+17,000
Projected numeric employment change from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Entry preparation

High school diploma or equivalent
Typical additional preparation: Less than 5 years of related work experience; Short-term on-the-job training.
U.S. Bureau of Labor Statistics · 2024 profile
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O*NET occupation profile

What the work involves

Strongest O*NET signals first.

Essential skills

  1. 1Speaking
  2. 2Reading Comprehension
  3. 3Active Listening
  4. 4Writing
  5. 5Critical Thinking
  6. 6Monitoring

Knowledge areas

  1. 1Customer and Personal Service
  2. 2Administration and Management
  3. 3Economics and Accounting
  4. 4English Language
  5. 5Law and Government
  6. 6Public Safety and Security

Abilities

  1. 1Oral Comprehension
  2. 2Oral Expression
  3. 3Written Comprehension
  4. 4Written Expression
  5. 5Inductive Reasoning
  6. 6Problem Sensitivity

Career interests

  1. 1Enterprising
  2. 2Conventional
  3. 3Social
  4. 4Realistic
  5. 5Investigative
  6. 6Artistic

Work styles

  1. 1Dependability
  2. 2Leadership Orientation
  3. 3Attention to Detail
  4. 4Integrity
  5. 5Social Orientation
  6. 6Self-Confidence

Work activities

  1. 1Making Decisions and Solving Problems
  2. 2Getting Information
  3. 3Communicating with Supervisors, Peers, or Subordinates
  4. 4Working with Computers
  5. 5Coordinating the Work and Activities of Others
  6. 6Establishing and Maintaining Interpersonal Relationships

Work context

  1. 1E-Mail
  2. 2Telephone Conversations
  3. 3Face-to-Face Discussions with Individuals and Within Teams
  4. 4Contact With Others
  5. 5Written Letters and Memos
  6. 6Determine Tasks, Priorities and Goals

Representative 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.

Software and tools

Microsoft Word · in demandYardi software · in demandMicrosoft Excel · in demandMicrosoft Office software · in demandMicrosoft Outlook · in demandMicrosoft Project · hot technologyMicrosoft Access · hot technologyIntuit QuickBooks · hot technologyHypertext markup language HTML · hot technologyGoogle Docs · hot technologyGoogle Analytics · hot technologyMicrosoft PowerPoint · hot technology

Sources

BLS provides national pay, employment, and projections. O*NET provides skills, interests, preparation, tasks, work context, and tools.

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