Occupation · SOC 11-9141
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).
Median wage
—
Projected growth
—
—
Annual openings
—
per year
Employed (US)
—
Job Zone 4
Typical preparation
Considerable preparation
Stackable credential programs
225 mapped
Core skills
SpeakingReading ComprehensionActive ListeningCoordinationWritingNegotiationCritical ThinkingSocial Perceptiveness
Knowledge areas
Customer and Personal ServiceAdministration and ManagementEconomics and AccountingEnglish LanguageLaw and Government
Technology & tools
Data base user interface and query softwareAccess softwareCalendar and scheduling softwareWeb page creation and editing softwareData mining software
Representative tasks
Prepare detailed budgets and financial reports for properties.Manage and oversee operations, maintenance, administration, and improvement of commercial, industriaPlan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction pr
Competency framework
Skill expectations by proficiency level.
emerging
Property budgets and financial report drafts — compile under direct supervisor guidance using accounting software templates in a residential or commercial management office.Routine maintenance schedules — assist in coordinating by tracking work orders and communicating timelines to facilities staff under close direction.Tenant inquiries and service requests — respond using established protocols and active listening skills in a managed residential or commercial property setting.Vendor and service contracts — review standard terms and flag key clauses for supervisor approval before execution in a property management context.Monthly assessment and rental fee records — enter and reconcile data in database or ERP software under the oversight of a senior property manager.Vacant unit listings — support marketing efforts by posting descriptions to leasing platforms and coordinating showings under direction of a leasing agent.Staff activity logs and personnel schedules — maintain using calendar and scheduling software to support daily operations of a managed property.Property inspection checklists — complete during routine walkthroughs, documenting findings and escalating issues to the supervising property manager.Resident and client correspondence — draft clear written communications using word processing software according to established company templates.Applicable property regulations and local ordinances — identify and reference relevant provisions when responding to basic compliance questions under supervisor guidance.
developing
Annual operating budgets for assigned properties — prepare and monitor with reduced oversight, comparing actuals to forecasts using accounting or ERP software.Maintenance and repair schedules — plan and coordinate for multiple commercial or residential properties, adjusting timelines based on contractor availability and property priorities.Vendor service contracts for cleaning, security, and maintenance — administer independently, tracking performance metrics and initiating renewals or corrections as needed.Monthly assessments, rental collections, and expense payments — direct and reconcile routinely, identifying discrepancies and resolving them within established approval limits.Tenant and owner meetings — conduct to review property operational status, addressing financial summaries and service concerns with clarity and professional judgment.Contract personnel and on-site staff — coordinate and evaluate performance regularly, providing feedback aligned with property management goals and company policies.Vacant space marketing campaigns — execute through leasing agents and digital advertising channels, tracking lead conversion rates for assigned properties.Minor remodeling and capital improvement projects — plan and oversee from initiation through completion, managing contractor timelines and budget adherence.Property management software and cloud-based platforms — use proficiently to generate reports, share data with stakeholders, and streamline administrative workflows.Risk and compliance issues such as safety hazards or lease violations — assess using critical thinking and established legal frameworks, escalating complex cases appropriately.
proficient
Comprehensive financial reports and multi-property budgets — develop and present autonomously, incorporating variance analysis and strategic recommendations for ownership or boards.Full-scope property operations including administration, maintenance, and capital improvements — oversee independently across a diverse portfolio of commercial, industrial, or residential assets.Major construction and remodeling projects — plan, schedule, and coordinate end-to-end, managing architects, contractors, and regulatory approvals within budget and timeline constraints.Complex management and service contract negotiations — lead with clients and vendors, applying persuasion and negotiation skills to secure favorable terms aligned with portfolio objectives.Non-routine operational and legal challenges including delinquency, eviction, or liability — resolve by applying deep knowledge of property law, government regulations, and sound decision-making.Staff and contractor performance — evaluate systematically and make independent personnel decisions including hiring, corrective action, and role assignments across managed properties.Community association governance processes — facilitate board meetings, oversee bylaw compliance, and guide boards through financial and policy decisions with subject-matter authority.Integrated marketing strategies for vacant commercial or residential space — design and execute using data mining tools and digital platforms to optimize occupancy and revenue.Property management technology ecosystems including ERP, database, and web platforms — configure and leverage to improve operational efficiency and reporting accuracy across the portfolio.Stakeholder relationships with owners, tenants, municipal agencies, and contractors — manage proactively, applying social perceptiveness and service orientation to sustain trust and performance.
advanced
Organization-wide property management strategy and performance standards — set and institutionalize across large commercial, residential, or association portfolios to drive long-term asset value.Enterprise budget frameworks and financial governance models — design and implement, ensuring fiduciary accountability to boards, investors, or executive leadership at organizational scale.Portfolio-level capital improvement and redevelopment plans — lead from feasibility through execution, aligning major construction investments with organizational growth and market strategy.Department-level personnel systems including hiring pipelines, training curricula, and career pathways — develop and champion to build high-performing property management teams.Strategic contract and partnership negotiations with institutional clients, investors, and government entities — conduct at the executive level, shaping long-term management and service agreements.Organizational risk management and regulatory compliance frameworks — establish and oversee, integrating public safety, legal, and insurance requirements across all managed assets.Emerging property management technologies and data analytics platforms — evaluate, champion adoption of, and integrate into enterprise operations to advance competitive positioning.Industry standards, best practices, and competency benchmarks — define and publish for the organization, drawing on active learning and cross-sector knowledge to elevate professional practice.Complex multi-stakeholder conflicts involving owners, tenants, associations, or regulators — arbitrate and resolve at the organizational level, leveraging authority, integrity, and legal acumen.Organizational culture of dependability, ethical leadership, and service excellence — model and embed across all management levels through mentorship, policy, and executive accountability.
Also known as
76 alternate job titles map to this occupation.
Lease AdministratorRent Control Office ManagerOil Lease OperatorLease OperatorRental Manager, Public Events FacilitiesProperty AdministratorManager, Apartment HouseMunicipal Entity and Venture Institution Entity and FounderHousing DirectorApartment Property ManagerMarket ManagerHousing Project ManagerManager, MarketRegional Property ManagerLandlordApartment Community ManagerRight-of-Way Supervisor (ROW Supervisor)Right-Of-Way SupervisorManager, PropertyPublic Events Facilities Rental ManagerTrailer Park ManagerLease Administration SupervisorTerritory ManagerOil Lease BuyerCondominium ManagerReal Estate ManagerLeaserManager, Land Leases-And-RentalsCemetery ManagerManager, Real-Estate FirmLand Acquisition ManagerResidential ManagerReal Estate Office ManagerLandmanResident ManagerOn-Site ManagerBuilding Rental SuperintendentBuilding Rental ManagerManager, Land DevelopmentMultifamily Project Manager