Property, Real Estate and Community Association Managers: Salary, Job Description, How To Become One, and Quiz

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

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).

$71730
Salary
75%
Job Satisfaction
Hard
Becoming One
Medium
Job Growth
Suitable Personality

Property, Real Estate and Community Association Managers

Salary, Job Description, How To Become One, and More


In this career summary, you will find out what the job of a Property, Real Estate and Community Association 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, 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).


    Read more about what does a Property, Real Estate and Community Association Manager really do at work and what is it like being and working as one.




    Become one

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    Salary

    Average salary
    $71730 per year

    Average hourly wage
    $34 per hour


    Property and Real Estate Managers with little to no experience tend to make between $29700 and $41210 while the more experienced ones can earn over $85120 per year.

    Top 5 paying statesHourlyAnnual
    NY$54$112,580
    VA$47$97,580
    RI$46$94,940
    CO$45$92,900
    OK$45$92,850

    One of the easiest ways to increase your salary as a Property, Real Estate and Community Association Manager is to move to a higher paying state like NY. Right now, the highest paying states for Property and Real Estate Managers are NY, VA, RI, CO and OK.

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

    Three other factors that can increase your salary as a Property, Real Estate and Community Association Manager is the degree you hold, the industry you work in and lastly the company you work for.



    Requirements

    Recommended degree level
    Bachelor’s Degree

    We asked other Property and Real Estate Managers what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a 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

    Read more about how to become a Property, Real Estate and Community Association Manager and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being a Property, Real Estate and Community Association Manager.

    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 work-related skill, knowledge, or experience is required for this career.
    Long working hours (More than 40 hours per week)



    What is the job like

    Job satisfaction
    75%

    Is this job meaningful
    48%


    75% of Property and 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 Entrepreneurs 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.



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