Owners of commercial buildings, apartments, and other real estate… rely on the skills of property, real estate, and community association managers to ensure their property is well maintained and preserves its resale or leasing value. These managers collect rent or fees, process complaints and repair requests, negotiate favorable terms with tenants or sellers, and enforce their facility’s policies. They also show vacant space to prospective tenants, and report profits or losses to property owners. Property and real estate managers oversee the operation of business or residential properties and ensure they achieve their expected revenues. Community association managers work for homeowner or community associations to manage shared property and services for condominiums, cooperatives, and planned communities. Onsite property managers handle day-to-day operations of apartment complexes, office buildings, and shopping centers. Some apartment managers live in the building they manage. Real estate asset managers buy, sell, and develop real estate properties for investors, to ensure the portfolio of holdings remains profitable. Most property, real estate, and community association managers work full time, splitting their time between an office and offsite at meetings and inspections. A high school diploma plus several years’ related work experience is needed for entry-level positions, although many employers prefer to hire college graduates. A real estate license is required for some positions.
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).
On the job, you would:
Prepare detailed budgets and financial reports for properties.
Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
Arts and Humanities
Safety and Government
law and government
public safety and security
Math and Science
arithmetic, algebra, geometry, calculus, or statistics
talking to others
reading work related information
changing what is done based on other people's actions
bringing people together to solve differences
noticing a problem and figuring out the best way to solve it
communicate by speaking
listen and understand what people say
Ideas and Logic
make general rules or come up with answers from lots of detailed information
notice when problems happen
add, subtract, multiply, or divide
choose the right type of math to solve a problem
People interested in this work like activities that include leading, making decisions, and business.
They do well at jobs that need:
Attention to Detail
You might use software like this on the job:
Data base user interface and query software
Data entry software
Word processing software
Sage 50 Accounting
bachelor's degree or high school diploma/GED usually needed
New job opportunities are less likely in the future.