CareerZone Pennsylvania

Property, Real Estate, and Community Association Managers

This occupation is a High Priority Occupation

Description

Plan, direct, or coordinate selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties.

Job Zone

Job Zone Three: Medium Preparation Needed

Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree. Some may require a bachelor's degree.

Education Requirements

Bachelor's degree - Degree completed after 4 or 5 years of full-time schooling beyond high school.

Interests

Conventional: Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.

Enterprising: Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

Knowledge

Economics and Accounting	Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Mathematics	Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
English Language	Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Clerical	Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
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.
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.
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.

Skills

Troubleshooting	Determining causes of operating errors and deciding what to do about it.
Learning Strategies	Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
Management of Material Resources	Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.
Persuasion	Persuading others to change their minds or behavior.
Complex Problem Solving	Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Monitoring	Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Negotiation	Bringing others together and trying to reconcile differences.
Instructing	Teaching others how to do something.
Management of Financial Resources	Determining how money will be spent to get the work done, and accounting for these expenditures.
Mathematics	Using mathematics to solve problems.

Tasks

• Act as liaisons between on-site managers or tenants and owners.
• Confer regularly with community association members to ensure their needs are being met.
• Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
• Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
• Clean common areas, change light bulbs, and make minor property repairs.
• Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
• Negotiate short- and long-term loans to finance construction and ownership of structures.
• 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.
• Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns in order to determine if properties should be acquired.
• Negotiate the sale, lease, or development of property, and complete or review appropriate documents and forms.
• 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.
• Prepare detailed budgets and financial reports for properties.
• Direct and coordinate the activities of staff and contract personnel, and evaluate their performance.

Wages

In 2006, the Pennsylvania average annual wage was $60,550.00. The entry-level wage was $33,290.00 while an experienced worker made $74,180.00.

Outlook

During 2004, there were approximately 6,910 people employed in this field in Pennsylvania. It is projected that there will be 7,360 employed in 2014. This occupation will have about 45 openings due to growth and about 129 replacement openings for approximately 174 total annual openings. This occupation experienced moderate growth.

Colleges and Training

Below are college programs that are generally associated with this occupation. To view colleges that offer these programs, click on the titles below.

• Real EstateA program that prepares individuals to develop, buy, sell, appraise, and manage real property. Includes instruction in land use development policy, real estate law, real estate marketing procedures, agency management, brokerage, property inspection and appraisal, real estate investing, leased and rental properties, commercial real estate, and property management.

For additional college information and related training about this career path, please visit:

AES EducationPlanner, PA Dept of Labor, PA Career Link, college.gov, and College Navigator

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