Property Manager

Quick Facts: Property, Real Estate, and Community Association Managers
2012 Median Pay $52,610 per year
$25.29 per hour
Entry-Level Education High school diploma or equivalent
Work Experience in a Related Occupation Less than 5 years
On-the-job Training None
Number of Jobs, 2012 297,000
Job Outlook, 2012-22 12% (As fast as average)
Employment Change, 2012-22 35,000

What Property, Real Estate, and Community Association Managers Do

Property, real estate, and community association managers take care of the many aspects of residential, commercial, or industrial properties. They make sure the property is well maintained, has a nice appearance, and preserves its resale or leasing value.

Work Environment

Most property, real estate, and community association managers work out of an office. However, many onsite managers spend a large part of their workday doing tasks away from the office, such as showing apartments, inspecting the grounds, or meeting with owners. About half were self-employed in 2012.

How to Become a Property, Real Estate, or Community Association Manager

Although many employers prefer to hire college graduates, a high school diploma is enough for some introductory management positions. Some managers receive vocational training. Other managers must have a real estate license.

Pay

The median annual wage for property, real estate, and community association managers was $52,610 in May 2012.

Job Outlook

Employment of property, real estate, and community association managers is projected to grow 12 percent from 2012 to 2022, about as fast as the average for all occupations. Job opportunities should be best for those with a college degree in business administration or real estate and for those who obtain professional certification.