What Do Real Estate Managers Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Property, Real Estate and Community Association Manager
are Property, Real Estate and Community Association Managers happy with their job

Property, Real Estate and Community Association 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



Being A Real Estate Manager: What You Really Do


In this job description guide, you will find out what do Property, Real Estate and Community Association Managers do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Property, Real Estate and Community Association Manager or not.



Job summary

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).

We asked Real Estate Managers how satisfied they are with their job. Here is what they said.

Job satisfaction

75%

How meaningful is this job

48%


75% of them said they were satisfied with their job and 48% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

On a daily basis, Real Estate Managers Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties. They Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.

1 of the main responsibilities as A Real Estate Manager is to Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.

Some may also Determine and certify the eligibility of prospective tenants, following government regulations.

In a normal work day, another thing that Real Estate Managers do is they Direct and coordinate the activities of staff and contract personnel and evaluate their performance.

In addition to that, they Market vacant space to prospective tenants through leasing agents, advertising, or other methods..

A typical day for A Real Estate Manager look like this:

Manage construction activities.
Direct facility maintenance or repair activities.
Direct facility maintenance or repair activities.
Direct organizational operations, projects, or services.
Maintain operational records.

We asked some Real Estate Managers a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?100% said yes
Do you have to use email everyday in this job?100% said yes
How important is it to work in a team in this job?38% said very important
Do you have group discussions everyday in this job?81% said yes
Do you have to meet strict deadlines everyday in this job?27% said yes
Do you talk or work with customers everyday in this job?31% said yes
Do you have to deal with angry customers everyday in this job?12% said yes
Do you have to make decisions everyday in this job?58% said yes



Other responsibilities

Besides the “typical day” things that Real Estate Managers do, they Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas. They might also Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.

On a weekly to monthly basis, Real Estate Managers Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance. and Investigate complaints, disturbances and violations and resolve problems following management rules and regulations.

In addition, they Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.

Although specific duties may vary, many of them Solicit and analyze bids from contractors for repairs, renovations, and maintenance.

To some Real Estate Managers, it is also their responsibility to Purchase building and maintenance supplies, equipment, or furniture.

A typical week or month for them might include:

Promote products, services, or programs.
Direct financial operations.
Inspect condition or functioning of facilities or equipment.
Resolve customer complaints or problems.
Prepare financial documents, reports, or budgets.
Prepare forms or applications.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Real Estate Manager, you can expect to work More than 40 hours per week.

Do Real Estate Managers work in an office-style work environment?

Everyday
96.15%

Once a week
0%

Once a month
0%

Once a year
0%

Never
3.85%

Do Real Estate Managers work in a warehouse-style work environment?

Everyday
7.69%

Once a week
15.38%

Once a month
23.08%

Once a year
15.38%

Never
38.46%

Do Real Estate Managers work outdoors?

Everyday
11.54%

Once a week
34.62%

Once a month
23.08%

Once a year
19.23%

Never
11.54%



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.

You will like this career if you are someone who likes starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

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



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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.






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Career type

Management
Consumer Services
Professional Sales and Marketing

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Related to Property, Real Estate and Community Association Managers Job Description

Property, Real Estate and Community Association Managers job description, what do Property, Real Estate and Community Association Managers do, typical day for Property, Real Estate and Community Association Managers, what is it like to work as a Property, Real Estate and Community Association Manager, how many hours do Property, Real Estate and Community Association Managers work, day to day work of a Property, Real Estate and Community Association Manager

Additional resources

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

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Property, Real Estate and Community Association 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

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