Property and Real Estate Managers: Salary, Job Description, How To Be One and More

Stanley TanLeave a Comment



Property and Real Estate Managers jobs information
pros and cons of being a Property, Real Estate and Community Association Manager

Property and Real Estate Managers

Other names for this job might include Apartment Hotel Manager, Apartment House Manager, Apartment Manager, Assistant Property Manager, Building Custodian, Managing, Supervising, Renting, Building Rental Manager, Building Rental Superintendent, Building Superintendent, Building Superintendent, Managing, Supervising, Renting, Cemetery Manager


  • $68240
    Salary
  • 75%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

A



Real Estate Managers: Know It All In 1 Minute


In this career summary, you will find out what the job of A Real Estate Manager is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Property and Real Estate 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).


    Read more about what does A Real Estate Manager really do at work and what is it like being and working as one.


    Become one

    schools for Real Estate Managers

    Interested in becoming A Real Estate Manager? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

    Click to start becoming a Property, Real Estate and Community Association Manager




    Salary

    Average salary
    $68240 per year

    Hourly wage
    $32.81 an hour


    Real Estate Managers with little to no experience tend to make between $28490 and $39160 while the more experienced ones make over $80270 per year.

    Top 5 paying statesHourlyAnnual
    NY$51.89$107920
    MD$43.11$89670
    TX$42.91$89250
    MA$42.51$88430
    VA$41.61$86540

    1 of the easiest ways to increase your salary as A Real Estate Manager is to move to a higher paying state like NY. Right now, the highest paying states for Real Estate Managers are NY, MD, TX, MA and VA.

    However a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be 2x higher than where you are currently at now.

    3 other factors that can increase your salary as A Real Estate Manager is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

    Find out how much do successful Real Estate Managers make and if their salary is high when compared to all the other careers.


    Requirements

    Recommended degree level
    Bachelor’s Degree

    We asked other Real Estate Managers what degree they had when they got the job and most of them said they had a Bachelors degree followed by High School Diploma.

    Other than that we also asked them what did they major in and here are the most popular majors that came up.

    Real Estate Development
    Real Estate

    Another popular question from our readers is what makes A Real Estate Manager successful or would they be good in this career.

    Well, we found that most successful Real Estate Managers have these 5 skillsets.

    Speaking
    Active Listening
    Coordination
    Reading Comprehension
    Negotiation

    In addition to that, 1 common characteristic among successful Real Estate Managers is they are good at Dependability. Here are the top 5 common characteristics.

    Dependability
    Integrity
    Attention to Detail
    Self Control
    Stress Tolerance
    = Hot in-demand that most employers are looking for

    Read more about what it really takes to become A Real Estate Manager and the degree, training and education you need


    Pros and Cons

    Here are some reasons why you should and shouldn’t choose A Real Estate Manager as your career.

    PROS
    Suitable for people who likes to start and carry out projects
    Suitable for people who wants independence and likes to work on their own and make decisions
    This career is perfect for people who love to work indoors.
    Very good salary
    CONS
    Not suitable for people who likes to solve problems mentally
    It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.
    Long working hours (More than 40 hours per week)


    There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

    A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



    What is the job like

    Job satisfaction
    75%

    Is this job meaningful
    48%


    Working hours
    More than 40 hours per week

    Working schedule
    Regular (Set schedule and routine)


    On a normal working week Property and Real Estate Managers work More than 40 hours per week.

    75% of Real Estate Managers said they were satisfied with their job and 48% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Persuaders and The Organizers


    You can read more about these career personality types here.

    People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

    They also like following set procedures and routines. They like working with data and details more than with ideas.



    How we can help

    Start your journey to be A Real Estate Manager

    Get the best college for Real Estate Managers


    Discover the best colleges for your $$$


    Find colleges have the highest earning grads


    Yes, I'm sure


    Rank: A+
    Salary: $92250

    They plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, facilities planning and maintenance, custodial operations, and other office support services.
    Rank: B
    Salary: $80420

    They operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
    Rank: B
    Salary: $58190

    They buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. Includes assistant wholesale and retail buyers of nonfarm products.
    Rank: A
    Salary: $73670

    They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
    Rank: D
    Salary: $40240

    They compile information and records to draw up purchase orders for procurement of materials and services.






    Trusted by over 50,000 fans

    [easy-followers title=”” nofollow=”1″ total_type=”text_before” columns=”2″ template=”tinycolor”]

    Career type

    Management
    Consumer Services
    Professional Sales and Marketing

    Other Careers Like This


    Help Others Out



    Learn more about Real Estate Managers

    Summary (You are here)
    Job Description
    Salary
    Requirements
    Is This Right For Me

    Study To Be A Real Estate Manager


    Related to Property and Real Estate Managers Career Information

    Property and Real Estate Managers job description, Property and Real Estate Managers salary, Property and Real Estate Managers information, what is the job of a Property, Real Estate and Community Association Manager like, pros and cons about Property and Real Estate Managers, colleges and universities for Property and Real Estate Managers, is Property, Real Estate, and Community Association Managers the right career for me, Quite Hard careers to get into, careers in Management

    Additional resources

    http://www.bls.gov/OOH/sales/real-estate-brokers-and-sales-agents.htm
    http://www.nareb.com/
    http://www.realtor.org/

    OwlGuru.com
    OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
    Property and Real Estate Managers
    Written by: Stanley Tan
    Real Estate 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).
    4.8 / 5 stars

    Leave a Reply

    Your email address will not be published. Required fields are marked *