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).Number of Jobs in 2010: 950
Number of Jobs in 2020: 1,012
Yearly Job Growth Rate: 6.5
Annual Openings: 26
Entry Wage: $13.37
Median Wage: $19.80
Education Requirement: High school diploma or equivalent
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- 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.
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
- Act as liaisons between on-site managers or tenants and owners.
- Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
- Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
- Prepare detailed budgets and financial reports for properties.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
- Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
- Prepare and administer contracts for provision of property services such as cleaning, maintenance, and security services.
- Investigate complaints, disturbances and violations and resolve problems following management rules and regulations.
- Review rents to ensure that they are in line with rental markets.
- Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
- Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
- Purchase building and maintenance supplies, equipment, or furniture.
- Determine and certify the eligibility of prospective tenants, following government regulations.
- Confer regularly with community association members to ensure their needs are being met.
- Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
- Clean common areas, change light bulbs, and make minor property repairs.
- Negotiate short- and long-term loans to finance construction and ownership of structures.
- Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
- Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
- Contract with architectural firms to draw up detailed plans for new structures.
- Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
Indivduals currently working as Property, Real Estate, and Community Association Managers can easily transition into any of the occupations lisated below.
- Administrative Services Managers*
- Real Estate Brokers
- Wholesale and Retail Buyers, Except Farm Products
- Loan Officers*
- Procurement Clerks
- Real Estate Sales Agents
- First-Line Supervisors of Office and Administrative Support Workers*
- Travel Guides
- Advertising Sales Agents
* The occupation mentioned is in demand in the state of Maine, and is projected to employ new workers each year.
Occupational data obtained from the Maine Department of Labor and O*NET
Last updated on January 29, 2013