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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

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

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

Visualization
- Imagining how something will look after it is moved around or changed.
Category Flexibility
- Grouping things in different ways.
Spatial Orientation
- Knowing where things are around you.
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.
Selective Attention
- Paying attention to something without being distracted.
Speed of Limb Movement
- Quickly moving your arms and legs.
Depth Perception
- Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
Near Vision
- Seeing details up close.
Written Comprehension
- Reading and understanding what is written.
Extent Flexibility
- Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
Deductive Reasoning
- Using rules to solve problems.
Written Expression
- Communicating by writing.
Peripheral Vision
- Seeing something to your side when your are looking ahead.
Gross Body Equilibrium
- Keeping your balance or staying upright.
Originality
- Creating new and original ideas.
Static Strength
- Lifting, pushing, pulling, or carrying.
Multilimb Coordination
- Using your arms and/or legs together while sitting, standing, or lying down.
Wrist-Finger Speed
- Making fast, simple, repeated movements of your fingers, hands, and wrists.
Visual Color Discrimination
- Noticing the difference between colors, including shades and brightness.
Sound Localization
- Noticing the direction that a sound came from.
Night Vision
- Seeing at night or under low light.
Speech Recognition
- Recognizing spoken words.
Trunk Strength
- Using your lower back and stomach.
Far Vision
- Seeing details that are far away.
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.
Mathematical Reasoning
- Choosing the right type of math to solve a problem.
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.
Stamina
- Exercising for a long time without getting out of breath.
Dynamic Flexibility
- Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
Glare Sensitivity
- Seeing something even if there is a glare or very bright light.
Information Ordering
- Ordering or arranging things.
Dynamic Strength
- Exercising for a long time without your muscles getting tired.
Number Facility
- Adding, subtracting, multiplying, or dividing.
Response Orientation
- Quickly deciding if you should move your hand, foot, or other body part.
Hearing Sensitivity
- Telling the difference between sounds.
Problem Sensitivity
- Noticing when problems happen.
Oral Expression
- Communicating by speaking.
Oral Comprehension
- Listening and understanding what people say.
Auditory Attention
- Paying attention to one sound while there are other distracting sounds.
Inductive Reasoning
- Making general rules or coming up with answers from lots of detailed information.
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.
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.

Food Production
- Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
Economics and Accounting
- Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
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.
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.
Sociology and Anthropology
- Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
Fine Arts
- Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
History and Archeology
- Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
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.
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.
Transportation
- Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
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.
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.
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.
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.
Law and Government
- Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Telecommunications
- Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
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.
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.
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.
Production and Processing
- Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
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.
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.
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.
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.
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.
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.
Computers and Electronics
- Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Design
- Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Biology
- Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
Mathematics
- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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.

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:

Integrity
Dependability
Attention to Detail
Stress Tolerance
Initiative
Leadership

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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