Occupations11-9141.00

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.

Median annual pay
$66,700

BLS, 2024

Employment
466,100

U.S., 2024

Ten-year outlook
+3.6%

2024–34

Annual openings
39,000

Projected average

The work

Core tasks

  1. 01Prepare detailed budgets and financial reports for properties.
  2. 02Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
  3. 03Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
  4. 04Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
  5. 05Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
  6. 06Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
  7. 07Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
  8. 08Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
  9. 09Act as liaisons between on-site managers or tenants and owners.
  10. 10Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
  11. 11Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
  12. 12Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.

Capabilities

Essential skills

SpeakingReading ComprehensionActive ListeningWritingCritical ThinkingMonitoringMathematicsActive LearningLearning StrategiesScience

Employment outlook

Where the role is heading

U.S. employment is projected to move from 466,100 in 2024 to 483,100 in 2034, a +3.6% change.

BLS projects an average of 39,000 openings each year over the period, including openings created by workers leaving the occupation.