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Property, Real Estate, and Community Association Managers

It's a bright outlook for

This career will grow rapidly in the next few years.

Learn more about what they do.

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).

Related: Appraisers & Assessors of Real Estate Facilities Managers Purchasing Agents Real Estate Brokers Real Estate Sales Agents

Industries: Real Estate & Rentals

Summary
Details

Contract with architectural firms to draw up detailed plans for new structures.
Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
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.
Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
Purchase building and maintenance supplies, equipment, or furniture.
Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
Confer regularly with community association members to ensure their needs are being met.
Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
Prepare detailed budgets and financial reports for properties.
Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
Act as liaisons between on-site managers or tenants and owners.
Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
Determine and certify the eligibility of prospective tenants, following government regulations.
Prepare detailed budgets and financial reports for properties.
Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
Clean common areas, change light bulbs, and make minor property repairs.
Review rents to ensure that they are in line with rental markets.
Negotiate short- and long-term loans to finance construction and ownership of structures.

Repairing
- Repairing machines or systems using the right tools.
Mathematics
- Using math to solve problems.
Speaking
- Talking to others.
Active Listening
- Listening to others, not interrupting, and asking good questions.
Operation and Control
- Using equipment or systems.
Management of Personnel Resources
- Selecting and managing the best workers for a job.
Equipment Maintenance
- Planning and doing the basic maintenance on equipment.
Learning Strategies
- Using the best training or teaching strategies for learning new things.
Installation
- Installing equipment, machines, wiring, or computer programs.
Coordination
- Changing what is done based on other people's actions.
Operations Monitoring
- Watching gauges, dials, or display screens to make sure a machine is working.
Systems Analysis
- Figuring out how a system should work and how changes in the future will affect it.
Complex Problem Solving
- Noticing a problem and figuring out the best way to solve it.
Monitoring
- Keeping track of how well people and/or groups are doing in order to make improvements.
Reading Comprehension
- Reading work-related information.
Persuasion
- Talking people into changing their minds or their behavior.
Technology Design
- Making equipment and technology useful for customers.
Troubleshooting
- Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
Judgment and Decision Making
- Thinking about the pros and cons of different options and picking the best one.
Active Learning
- Figuring out how to use new ideas or things.
Negotiation
- Bringing people together to solve differences.
Equipment Selection
- Deciding what kind of tools and equipment are needed to do a job.
Management of Financial Resources
- Making spending decisions and keeping track of what is spent.
Writing
- Writing things for co-workers or customers.
Instructing
- Teaching people how to do something.
Science
- Using scientific rules and strategies to solve problems.
Operations Analysis
- Figuring out what a product or service needs to be able to do.
Critical Thinking
- Thinking about the pros and cons of different ways to solve a problem.
Systems Evaluation
- Measuring how well a system is working and how to improve it.
Management of Material Resources
- Managing equipment and materials.
Time Management
- Managing your time and the time of other people.
Quality Control Analysis
- Testing how well a product or service works.
Social Perceptiveness
- Understanding people's reactions.
Service Orientation
- Looking for ways to help people.
Programming
- Writing computer programs.

Depth Perception
- Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
Written Comprehension
- Reading and understanding what is written.
Deductive Reasoning
- Using rules to solve problems.
Time Sharing
- Doing two or more things at the same time.
Rate Control
- Changing when and how fast you move based on how something else is moving.
Near Vision
- Seeing details up close.
Gross Body Equilibrium
- Keeping your balance or staying upright.
Written Expression
- Communicating by writing.
Peripheral Vision
- Seeing something to your side when your are looking ahead.
Extent Flexibility
- Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
Originality
- Creating new and original ideas.
Category Flexibility
- Grouping things in different ways.
Spatial Orientation
- Knowing where things are around you.
Static Strength
- Lifting, pushing, pulling, or carrying.
Visualization
- Imagining how something will look after it is moved around or changed.
Multilimb Coordination
- Using your arms and/or legs together while sitting, standing, or lying down.
Speed of Limb Movement
- Quickly moving your arms and legs.
Selective Attention
- Paying attention to something without being distracted.
Night Vision
- Seeing at night or under low light.
Sound Localization
- Noticing the direction that a sound came from.
Speech Recognition
- Recognizing spoken words.
Speech Clarity
- Speaking clearly.
Perceptual Speed
- Quickly comparing groups of letters, numbers, pictures, or other things.
Finger Dexterity
- Putting together small parts with your fingers.
Wrist-Finger Speed
- Making fast, simple, repeated movements of your fingers, hands, and wrists.
Trunk Strength
- Using your lower back and stomach.
Far Vision
- Seeing details that are far away.
Visual Color Discrimination
- Noticing the difference between colors, including shades and brightness.
Mathematical Reasoning
- Choosing the right type of math to solve a problem.
Oral Expression
- Communicating by speaking.
Number Facility
- Adding, subtracting, multiplying, or dividing.
Response Orientation
- Quickly deciding if you should move your hand, foot, or other body part.
Glare Sensitivity
- Seeing something even if there is a glare or very bright light.
Dynamic Flexibility
- Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
Inductive Reasoning
- Making general rules or coming up with answers from lots of detailed information.
Fluency of Ideas
- Coming up with lots of ideas.
Gross Body Coordination
- Moving your arms, legs, and mid-section together while your whole body is moving.
Hearing Sensitivity
- Telling the difference between sounds.
Auditory Attention
- Paying attention to one sound while there are other distracting sounds.
Oral Comprehension
- Listening and understanding what people say.
Stamina
- Exercising for a long time without getting out of breath.
Problem Sensitivity
- Noticing when problems happen.
Control Precision
- Quickly changing the controls of a machine, car, truck or boat.
Explosive Strength
- Jumping, sprinting, or throwing something.
Memorization
- Remembering words, numbers, pictures, or steps.
Information Ordering
- Ordering or arranging things.
Speed of Closure
- Quickly knowing what you are looking at.
Arm-Hand Steadiness
- Keeping your arm or hand steady.
Reaction Time
- Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
Flexibility of Closure
- Seeing hidden patterns.
Manual Dexterity
- Holding or moving items with your hands.
Dynamic Strength
- Exercising for a long time without your muscles getting tired.

Economics and Accounting
- Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Food Production
- Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
Building and Construction
- Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
Geography
- Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
Philosophy and Theology
- Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
Sociology and Anthropology
- Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
History and Archeology
- Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
Public Safety and Security
- 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.
Engineering and Technology
- Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
Fine Arts
- Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
Transportation
- Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
Administrative
- Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
Psychology
- Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
Law and Government
- Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Foreign Language
- Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
Physics
- Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
Telecommunications
- Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
Personnel and Human Resources
- Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Administration and Management
- 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.
Production and Processing
- Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
Mechanical
- Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
English Language
- Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
Communications and Media
- Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
Sales and Marketing
- 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.
Customer and Personal Service
- 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.
Design
- Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Medicine and Dentistry
- Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
Chemistry
- Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
Computers and Electronics
- Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Mathematics
- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Therapy and Counseling
- Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
Biology
- Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
Education and Training
- Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.

Education

High school diploma or equivalent

Work Experience

Less than 5 years work experience

Training

Less than 1 month on-the-job training

Education and Training Opportunities

Washington Annual Salary

118470/yr

Washington Hourly Wage

56.96/hr

Currently Employed

6,000

Yearly Projected Openings

600

Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:

Leadership Orientation
Social Orientation
Integrity
Attention to Detail
Dependability
Self-Confidence

Desktop calculator
Desktop computers
Digital camcorders or video cameras
Digital cameras
Golf carts
Ladders
Laser fax machine
Laser printers
Mobile phones
Notebook computers
Personal computers
Photocopiers
Pocket calculator
Scanners
Security or access control systems
Special purpose telephones
Two way radios

Access software
Accounting software
Calendar and scheduling software
Cloud-based data access and sharing software
Data base user interface and query software
Data mining software
Desktop publishing software
Electronic mail software
Enterprise resource planning ERP software
Internet browser software
Office suite software
Operating system software
Presentation software
Project management software
Spreadsheet software
Video creation and editing software
Web page creation and editing software
Web platform development software
Word processing software

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Property, Real Estate, and Community Association Managers

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