Property, Real Estate, and Community Association Managers

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About the Job

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).

It is also Called

  • Trustee
  • Trailer Park Manager
  • Territory Manager
  • Supervisor
  • Superintendent, Renting, Managing
  • Superintendent
  • Right-of-Way Supervisor
  • Right of Way Supervisor
  • Resident Manager
  • Rental Manager
show all

What They Do

  • Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
  • Contract with architectural firms to draw up detailed plans for new structures.
  • Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
  • Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
  • Negotiate short- and long-term loans to finance construction and ownership of structures.
  • Clean common areas, change light bulbs, and make minor property repairs.
  • 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.
  • Determine and certify the eligibility of prospective tenants, following government regulations.
  • Purchase building and maintenance supplies, equipment, or furniture.

Interests

People who work in this occupation generally have the interest code: C.

This means people who work in this occupation generally have Conventional interests.

Work Values

People who work in this occupation generally prize Independence, but also value Achievement and Working Conditions in their jobs.

Things They Need to Know

  • 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.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • 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.

Things They Need to Be Able to Do

  • Speaking - Talking to others to convey information effectively.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Coordination - Adjusting actions in relation to others' actions.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Negotiation - Bringing others together and trying to reconcile differences.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Education Required

Most of these occupations require a four-year bachelor's degree, but some do not.

Wages

In 2016, the average annual wage in Pennsylvania was $82,640 with most people making between $38,140 and $168,000

Outlook

0.46%
avg. annual growth

During 2014, this occupation employed approximately 3,730 people in Pennsylvania. It is projected that there will be 3,900 employed in 2024.

This occupation will have about 17 openings due to growth and about 63 replacement openings for approximately 80 total annual openings.



Pennsylvania Department of Education