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Property, Real Estate, and Community Association Managers
Overview
Salary
Demand
Core Tasks
Technology Skills
Tools Used
Top 10 Knowledge Required
Top 10 Skills
Top 10 Abilities
Top 10 Work Activities
Detailed Work Activities
Work Context
Education
Majors
Interests
Top 10 Work Styles
Work Values
Related Careers
Overview
Job Zone Four: Considerable Preparation Needed
Experience
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Education
Most of these occupations require a four-year bachelor's degree, but some do not.
Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, chemists, art directors, and cost estimators.
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).
Salary Salary
Salary at 10th Percentile: $31K
Salary at 25th Percentile: $42K
Median Salary: $59K
Salary at 75th Percentile: $86K
Salary at 90th Percentile: $134K
Demand
Core 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.
Review rents to ensure that they are in line with rental markets.
Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
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.
Act as liaisons between on-site managers or tenants and owners.
Clean common areas, change light bulbs, and make minor property repairs.
Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
Confer regularly with community association members to ensure their needs are being met.
Determine and certify the eligibility of prospective tenants, following government regulations.
Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
Contract with architectural firms to draw up detailed plans for new structures.
Negotiate short- and long-term loans to finance construction and ownership of structures.
Purchase building and maintenance supplies, equipment, or furniture.
Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
Technology Skills
Technology
Example
Hot Technology
Tools Used
Tool
Example
Top 10 Knowledge Required
Customer and Personal Service
93%
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Administration and Management
88%
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Economics and Accounting
81%
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
English Language
81%
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Law and Government
77%
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Public Safety and Security
74%
Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
Mathematics
72%
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Personnel and Human Resources
71%
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Computers and Electronics
70%
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Sales and Marketing
64%
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Top 10 Skills
Speaking
80%
Talking to others to convey information effectively.
Reading Comprehension
78%
Understanding written sentences and paragraphs in work related documents.
Active Listening
75%
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Coordination
73%
Adjusting actions in relation to others' actions.
Writing
73%
Communicating effectively in writing as appropriate for the needs of the audience.
Critical Thinking
70%
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Negotiation
70%
Bringing others together and trying to reconcile differences.
Persuasion
65%
Persuading others to change their minds or behavior.
Social Perceptiveness
65%
Being aware of others' reactions and understanding why they react as they do.
Complex Problem Solving
63%
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Top 10 Abilities
Oral Comprehension
80%
The ability to listen to and understand information and ideas presented through spoken words and sentences.
Oral Expression
80%
The ability to communicate information and ideas in speaking so others will understand.
Written Comprehension
80%
The ability to read and understand information and ideas presented in writing.
Written Expression
75%
The ability to communicate information and ideas in writing so others will understand.
Inductive Reasoning
73%
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Problem Sensitivity
73%
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
Speech Clarity
73%
The ability to speak clearly so others can understand you.
Speech Recognition
73%
The ability to identify and understand the speech of another person.
Deductive Reasoning
70%
The ability to apply general rules to specific problems to produce answers that make sense.
Information Ordering
63%
The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Top 10 Work Activities
Making Decisions and Solving Problems
90%
Analyzing information and evaluating results to choose the best solution and solve problems.
Getting Information
88%
Observing, receiving, and otherwise obtaining information from all relevant sources.
Communicating with Supervisors, Peers, or Subordinates
87%
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Interacting With Computers
84%
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Coordinating the Work and Activities of Others
83%
Getting members of a group to work together to accomplish tasks.
Establishing and Maintaining Interpersonal Relationships
83%
Developing constructive and cooperative working relationships with others, and maintaining them over time.
Resolving Conflicts and Negotiating with Others
83%
Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
Communicating with Persons Outside Organization
82%
Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
Organizing, Planning, and Prioritizing Work
81%
Developing specific goals and plans to prioritize, organize, and accomplish your work.
Developing and Building Teams
80%
Encouraging and building mutual trust, respect, and cooperation among team members.
Detailed Work Activities
Prepare financial documents, reports, or budgets.
Prepare operational budgets.
Direct facility maintenance or repair activities.
Direct organizational operations, projects, or services.
Manage construction activities.
Direct financial operations.
Negotiate sales or lease agreements for products or services.
Evaluate employee performance.
Supervise employees.
Prepare forms or applications.
Promote products, services, or programs.
Liaise between departments or other groups to improve function or communication.
Resolve customer complaints or problems.
Inspect condition or functioning of facilities or equipment.
Maintain operational records.
Confer with organizational members to accomplish work activities.
Analyze financial records to improve budgeting or planning.
Communicate with government agencies.
Coordinate operational activities with external stakeholders.
Purchase materials, equipment, or other resources.
Analyze financial records or reports to determine state of operations.
Perform manual service or maintenance tasks.
Evaluate characteristics of individuals to determine needs or eligibility.
Communicate organizational information to customers or other stakeholders.
Analyze forecasting data to improve business decisions.
Negotiate project specifications.
Work Context
Electronic Mail
How often do you use electronic mail in this job?
Telephone
How often do you have telephone conversations in this job?
Face-to-Face Discussions
How often do you have to have face-to-face discussions with individuals or teams in this job?
Contact With Others
How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it?
Indoors, Environmentally Controlled
How often does this job require working indoors in environmentally controlled conditions?
Letters and Memos
How often does the job require written letters and memos?
Deal With External Customers
How important is it to work with external customers or the public in this job?
Freedom to Make Decisions
How much decision making freedom, without supervision, does the job offer?
Work With Work Group or Team
How important is it to work with others in a group or team in this job?
Structured versus Unstructured Work
To what extent is this job structured for the worker, rather than allowing the worker to determine tasks, priorities, and goals?
Education
Interests
Enterprising
100%
Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
Conventional
81%
Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Social
53%
Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
Realistic
43%
Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others.
Artistic
19%
Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules.
Investigative
15%
Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
Top 10 Work Styles
Integrity
97%
Job requires being honest and ethical.
Dependability
96%
Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Attention to Detail
91%
Job requires being careful about detail and thorough in completing work tasks.
Stress Tolerance
91%
Job requires accepting criticism and dealing calmly and effectively with high stress situations.
Initiative
88%
Job requires a willingness to take on responsibilities and challenges.
Leadership
87%
Job requires a willingness to lead, take charge, and offer opinions and direction.
Adaptability/Flexibility
86%
Job requires being open to change (positive or negative) and to considerable variety in the workplace.
Persistence
85%
Job requires persistence in the face of obstacles.
Cooperation
83%
Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
Self Control
83%
Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
Work Values
Independence
81%
Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
Achievement
72%
Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
Working Conditions
69%
Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
Recognition
62%
Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.
Relationships
62%
Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.
Support
53%
Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.
