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Property Manager

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AVG. SALARY

$58,310

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Stable

What They Do

Property, Real Estate, and Community Association Managers Career Video

About This Career

Plans, directs, or coordinates 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).

This career is part of the Business Management and Administration cluster Management pathway.

A person in this career:

  • Prepares detailed budgets and financial reports for properties.
  • Manages and oversees operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
  • Plans, schedules, and coordinates general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
  • Directs collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
  • Meets with clients to negotiate management and service contracts, determines priorities, and discusses the financial and operational status of properties.
  • Directs and coordinates the activities of staff and contract personnel and evaluates their performance.
  • Prepares and administers contracts for provision of property services, such as cleaning, maintenance, and security services.
  • Markets vacant space to prospective tenants through leasing agents, advertising, or other methods.
  • Investigates complaints, disturbances, and violations and resolves problems, following management rules and regulations.
  • Acts as liaisons between on-site managers or tenants and owners.

Working Conditions and Physical Demands

People who do this job report that:

  • You would often handle loads up to 10 lbs., sometimes up to 20 lbs. You might do a lot of walking or standing, or you might sit but use your arms and legs to control machines, equipment or tools.
  • Work in this occupation requires being inside most of the time
  • Work in this occupation involves sitting more than one-third of the time

Working in this career involves (physical activities):

  • Seeing clearly up close
  • Speaking clearly enough to be able to be understood by others
  • Identifying and understanding the speech of another person

Work Hours and Travel

  • Irregular hours
  • Overnight travel
  • Weekend work

Specialty and Similar Careers

Careers that are more detailed or close to this career:

  • Apartment Manager
  • Community Manager
  • Lease Administration Supervisor
  • Leasing Manager
  • Resident Manager
  • Occupancy Director
  • Community Association Manager
  • On-Site Manager
  • Real Estate Manager