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Property Managers picture    Property Managers image

Property Managers

Property managers primary responsibility is to maintain and even increase the value of the real estate property they manage. They manage commercial and residential properties such as office complexes, apartment buildings and shopping centers. Some property managers oversee the services of community and condominium associations. Property managers take care of the financial aspects of the property and they are responsible for the daily supervising of the properties.

They strive to meet the anticipated revenue goals of real estate investments. Some property managers also analyze market information, taxes, property values, traffic volume, population growth and zoning in order to decide if particular pieces of property should be acquired.

Some property managers are known as commercial property managers and others are called residential property managers. Many specialize in managing of a particular type of property such as office buildings, apartment buildings, retail properties or condominiums.

Some sample job titles are apartment manager, lease administration supervisor, community manager, leasing manager, resident manager and on-site manager.

A property manager makes sure rent is collected on time and makes sure mortgages, maintenance bills and property taxes are paid on time. They also take care of service and repair issues. They negotiate contracts with groundskeepers, janitors and other personnel.

Homeowner association managers and condominium managers may be given additional responsibilities such as maintaining streets and parking areas and operating golf courses, community centers and pools.

Property managers need to comply with federal, state and city legislation which pertain to fair housing laws, local building codes, the Americans with Disabilities Act and the Federal Fair Housing Amendment.

Responsibilities

  • Manage maintenance projects
  • Negotiate real estate sales contracts
  • Prepare financial reports
  • Make sure rent is collected on time
  • Analyze real estate market conditions
  • Ensure rental properties are occupied
  • Evaluate the performance of employees
  • Resolve clients and public complaints
  • Take care of the financial operation of each property

Job Characteristics

Property, real estate and community association managers work from an office. However, they often spend time out of their office showing apartments to perspective tenants, meeting with employees and evaluating their work and investigating problems mentioned by residents. Real estate asset managers may travel to company real estate holdings or to look for properties to acquire. In addition, financial, administrative and communication abilities are important for many property manager jobs.

Employment Outlook

The Bureau of Labor Statistics has projected an eight percent growth in the employment of property, real estate and community association managers. Approximately 46 percent of property, real estate and community association managers are self-employed.

In 2008 the median annual earnings for salaried property, real estate and community association managers was $46,130. The highest paid 10 percent earned more than $102,250. In addition, many resident apartment managers and onsite association managers are provided the use of an apartment as part of their compensation package.

Education, Certification, and Licensing

Commercial property managers and people handling a property's finances and contracts need a bachelor's degree or a master's degree in accounting, business administration, real estate management or finance, particularly if they do not have much practical experience.

In general, onsite property managers who mostly manage the rental and maintenance aspects of properties acquire their knowledge while on-the-job or they have experience in real estate or maintenance. Many property managers begin their careers as assistant property managers and work closely with an experienced property manager.

Real estate managers that buy or sell property need to be licensed by the state where they work. A few states require property association managers to be licensed. Managers of public housing that is subsidized by the Federal Government must be certified. In addition, several organizations provide certifications for property managers.

Resources

Major Employers

The primary employers are property management companies, lessors of real estate, real estate agents and brokers offices, and government agencies that manage public buildings.

Schools for Property Managers are listed in the Browse Schools Section.

Metro Areas Sorted by Total Employment for:
Property Managers

Listed below are metro areas sorted by the total number of people employed in Property Managers jobs , as of 2015

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

     
Metro Area (Alabama) Total Employment Annual Median Salary
Birmingham 140 $75,200
Hoover 140 $75,200
Huntsville 40 $67,120
Foley 40 $70,690
Fairhope 40 $70,690
Daphne 40 $70,690
Tuscaloosa 40 $83,040
     
Metro Area (Alaska) Total Employment Annual Median Salary
Anchorage 270 $60,800
Fairbanks 50 $78,530
     
Metro Area (Arizona) Total Employment Annual Median Salary
Scottsdale 3460 $51,830
Mesa 3460 $51,830
Phoenix 3460 $51,830
Tucson 650 $38,870
Flagstaff 80 $32,850
Kingman 70 $36,730
Lake Havasu City 70 $36,730
Yuma 70 $42,990
Douglas 60 $27,480
Sierra Vista 60 $27,480
Prescott 50 $19,860
     
Metro Area (Arkansas) Total Employment Annual Median Salary
Conway 680 $34,320
North Little Rock 680 $34,320
Little Rock 680 $34,320
Jonesboro 80 $28,800
Hot Springs 50 $26,330
     
Metro Area (California) Total Employment Annual Median Salary
Los Angeles 11320 $61,700
Long Beach 11320 $61,700
Anaheim 11320 $61,700
San Francisco 4470 $82,470
Oakland 4470 $82,470
Hayward 4470 $82,470
Carlsbad 2720 $51,170
San Diego 2720 $51,170
Arden 1540 $48,230
Arcade 1540 $48,230
Sacramento 1540 $48,230
Roseville 1540 $48,230
Sunnyvale 1540 $64,710
Santa Clara 1540 $64,710
San Jose 1540 $64,710
Ontario 1510 $52,630
Riverside 1510 $52,630
San Bernardino 1510 $52,630
Fresno 490 $46,840
Oxnard 440 $56,080
Thousand Oaks 440 $56,080
Ventura 440 $56,080
Santa Rosa 400 $53,790
Santa Maria 370 $49,220
Santa Barbara 370 $49,220
Stockton 300 $58,320
Lodi 300 $58,320
Modesto 220 $49,190
Vallejo 210 $52,020
Fairfield 210 $52,020
Chico 200 $42,740
Salinas 190 $47,360
Bakersfield 190 $89,470
San Luis Obispo 180 $64,520
Paso Robles 180 $64,520
Arroyo Grande 180 $64,520
Napa 130 $63,180
Santa Cruz 120 $58,040
Watsonville 120 $58,040
Visalia 100 $60,640
Porterville 100 $60,640
Redding 60 $55,030
Yuba City 50 $32,020
El Centro 40 $39,310
Madera 40 $68,280
Merced 30 $46,660
     
Metro Area (Colorado) Total Employment Annual Median Salary
Aurora 1500 $82,270
Lakewood 1500 $82,270
Denver 1500 $82,270
Colorado Springs 200 $72,390
Boulder 90 $59,390
Fort Collins 80 $99,270
Greeley 40 $58,120
     
Metro Area (Connecticut) Total Employment Annual Median Salary
Hartford 860 $67,340
East Hartford 860 $67,340
West Hartford 860 $67,340
Bridgeport 640 $64,000
Norwalk 640 $64,000
Stamford 640 $64,000
New Haven 370 $52,870
Waterbury 70 $60,790
Danbury 50 $56,910
     
Metro Area (Florida) Total Employment Annual Median Salary
West Palm Beach 7270 $50,420
Fort Lauderdale 7270 $50,420
Miami 7270 $50,420
Clearwater 2920 $42,340
St. Petersburg 2920 $42,340
Tampa 2920 $42,340
Kissimmee 2750 $49,580
Orlando 2750 $49,580
Sanford 2750 $49,580
Jacksonville 980 $51,880
Fort Myers 750 $59,200
Cape Coral 750 $59,200
Bradenton 720 $43,980
Sarasota 720 $43,980
North Port 720 $43,980
Daytona Beach 610 $37,350
Deltona 610 $37,350
Ormond Beach 610 $37,350
Naples 570 $57,620
Immokalee 570 $57,620
Marco Island 570 $57,620
Port St. Lucie 470 $26,530
Lakeland 320 $35,490
Winter Haven 320 $35,490
Crestview 290 $36,750
Destin 290 $36,750
Fort Walton Beach 290 $36,750
Melbourne 290 $41,650
Palm Bay 290 $41,650
Titusville 290 $41,650
Tallahassee 290 $53,570
Brent 280 $44,170
Ferry Pass 280 $44,170
Pensacola 280 $44,170
Gainesville 230 $46,370
Panama City 210 $58,250
Vero Beach 140 $40,350
Sebastian 140 $40,350
Ocala 110 $40,360
Punta Gorda 80 $38,310
Sebring 50 $39,620
Homosassa Springs 50 $41,230
     
Metro Area (Georgia) Total Employment Annual Median Salary
Sandy Springs 4280 $61,390
Atlanta 4280 $61,390
Roswell 4280 $61,390
Savannah 160 $61,040
Macon 120 $41,680
Clarke County 100 $54,600
Athens 100 $54,600
Valdosta 70 $27,580
Brunswick 40 $31,620
     
Metro Area (Hawaii) Total Employment Annual Median Salary
Urban Honolulu 1900 $46,160
Lahaina 320 $53,240
Wailuku 320 $53,240
Kahului 320 $53,240
     
Metro Area (Idaho) Total Employment Annual Median Salary
Boise City 770 $30,320
Coeur d'Alene 130 $23,290
Idaho Falls 80 $34,720
Pocatello 30 $28,610
     
Metro Area (Illinois) Total Employment Annual Median Salary
Champaign 170 $35,060
Urbana 170 $35,060
Peoria 150 $37,150
Rockford 100 $38,900
Marion 70 $44,080
Carbondale 70 $44,080
Springfield 60 N/A
Decatur 30 $45,580
     
Metro Area (Indiana) Total Employment Annual Median Salary
Anderson 1460 $44,190
Carmel 1460 $44,190
Indianapolis 1460 $44,190
Fort Wayne 190 $49,720
Bloomington 180 $53,480
Elkhart 120 $33,720
Goshen 120 $33,720
Lafayette 110 $45,230
West Lafayette 110 $45,230
Terre Haute 80 $42,070
Muncie 70 $39,190
Columbus 60 $38,640
Michigan City 40 $29,080
La Porte 40 $29,080
Kokomo 40 $42,670
     
Metro Area (Iowa) Total Employment Annual Median Salary
West Des Moines 480 $49,230
Des Moines 480 $49,230
Cedar Rapids 150 $34,870
Iowa City 110 $49,990
Cedar Falls 70 $50,900
Waterloo 70 $50,900
Ames 60 $44,270
     
Metro Area (Kansas) Total Employment Annual Median Salary
Wichita 400 $57,550
Topeka 120 $50,120
Manhattan 60 $34,910
Lawrence 60 $55,000
     
Metro Area (Kentucky) Total Employment Annual Median Salary
Fayette 360 $36,950
Lexington 360 $36,950
Fort Knox 80 $23,110
Elizabethtown 80 $23,110
Bowling Green 60 $41,930
     
Metro Area (Louisiana) Total Employment Annual Median Salary
Metairie 980 $38,560
New Orleans 980 $38,560
Baton Rouge 540 $45,190
Bossier City 360 $36,870
Shreveport 360 $36,870
Lafayette 280 $37,720
Monroe 100 $65,140
Lake Charles 70 $39,700
Alexandria 60 $38,200
Hammond 40 $29,320
Houma 40 $56,280
Thibodaux 40 $56,280
     
Metro Area (Maine) Total Employment Annual Median Salary
South Portland 210 $53,870
Portland 210 $53,870
Lewiston 40 $45,450
Auburn 40 $45,450
Bangor N/A $48,070
     
Metro Area (Maryland) Total Employment Annual Median Salary
Towson 1670 $78,650
Columbia 1670 $78,650
Baltimore 1670 $78,650
     
Metro Area (Massachusetts) Total Employment Annual Median Salary
Barnstable Town 130 $63,830
New Bedford 60 $72,850
Leominster 50 $53,930
Gardner 50 $53,930
Pittsfield 50 $63,290
     
Metro Area (Michigan) Total Employment Annual Median Salary
Warren 2670 $46,740
Detroit 2670 $46,740
Dearborn 2670 $46,740
Grand Rapids 490 $37,810
Wyoming 490 $37,810
Lansing 330 $47,410
East Lansing 330 $47,410
Ann Arbor 330 $55,730
Portage 220 $38,760
Kalamazoo 220 $38,760
Flint 140 $42,830
Saginaw 90 $42,810
Niles 70 $47,260
Benton Harbor 70 $47,260
Jackson 60 $48,740
Muskegon 60 $52,280
Bay City 30 $48,830
     
Metro Area (Minnesota) Total Employment Annual Median Salary
St. Cloud 90 $44,630
North Mankato 70 $34,430
Mankato 70 $34,430
Rochester 50 $48,730
     
Metro Area (Mississippi) Total Employment Annual Median Salary
Jackson 390 $41,100
Gulfport 170 $40,980
Pascagoula 170 $40,980
Biloxi 170 $40,980
Hattiesburg 90 $35,890
     
Metro Area (Missouri) Total Employment Annual Median Salary
Springfield 290 $29,970
Columbia 140 $46,520
Joplin 70 $19,040
Jefferson City 60 $35,590
     
Metro Area (Montana) Total Employment Annual Median Salary
Billings 250 $36,970
Missoula 110 $33,750
     
Metro Area (Nebraska) Total Employment Annual Median Salary
Lincoln 90 $47,890
     
Metro Area (Nevada) Total Employment Annual Median Salary
Paradise 2600 $48,550
Henderson 2600 $48,550
Las Vegas 2600 $48,550
Reno 630 $40,300
Carson City 40 $35,800
     
Metro Area (New Hampshire) Total Employment Annual Median Salary
Manchester 90 $53,620
     
Metro Area (New Jersey) Total Employment Annual Median Salary
Trenton 210 $66,000
Hammonton 160 $71,010
Atlantic City 160 $71,010
Ocean City 80 $72,670
     
Metro Area (New Mexico) Total Employment Annual Median Salary
Albuquerque 300 $42,640
Las Cruces 60 $30,660
Santa Fe 40 $49,970
     
Metro Area (New York) Total Employment Annual Median Salary
Albany 280 $74,770
Troy 280 $74,770
Schenectady 280 $74,770
Cheektowaga 260 N/A
Niagara Falls 260 N/A
Buffalo 260 N/A
Rochester 250 $71,880
Syracuse 120 $83,590
Rome 50 $76,180
Utica 50 $76,180
Binghamton 40 $71,890
     
Metro Area (North Carolina) Total Employment Annual Median Salary
Raleigh 490 $61,530
Durham 220 $60,290
Chapel Hill 220 $60,290
Greensboro 210 $65,320
High Point 210 $65,320
Winston 100 $58,130
Salem 100 $58,130
Fayetteville 80 $48,250
Wilmington 80 $54,430
Greenville 50 $56,190
Asheville 50 $62,120
Jacksonville 30 $40,560
     
Metro Area (North Dakota) Total Employment Annual Median Salary
Bismarck 100 $57,830
     
Metro Area (Ohio) Total Employment Annual Median Salary
Cleveland 1400 $54,530
Elyria 1400 $54,530
Columbus 1200 $47,050
Dayton 400 $49,150
Akron 230 $52,580
Toledo 220 $43,410
Massillon 180 $45,030
Canton 180 $45,030
Springfield 70 $37,180
     
Metro Area (Oklahoma) Total Employment Annual Median Salary
Oklahoma City 1380 $51,420
Tulsa 660 $45,790
Lawton 60 $31,840
     
Metro Area (Oregon) Total Employment Annual Median Salary
Eugene 220 $47,190
Redmond 100 $51,950
Bend 100 $51,950
Salem 90 $37,740
Medford 80 $56,260
     
Metro Area (Pennsylvania) Total Employment Annual Median Salary
Pittsburgh 890 $62,120
Lancaster 170 $54,470
Carlisle 160 $52,600
Harrisburg 160 $52,600
York 110 $51,280
Hanover 110 $51,280
State College 90 $49,730
Hazleton 90 $68,850
Barre 90 $68,850
Scranton 90 $68,850
Wilkes 90 $68,850
Erie 80 $45,060
Reading 70 $48,440
Altoona 60 $47,400
     
Metro Area (Puerto Rico) Total Employment Annual Median Salary
Caguas 160 $31,690
Carolina 160 $31,690
San Juan 160 $31,690
     
Metro Area (South Carolina) Total Employment Annual Median Salary
Mauldin 370 $38,930
Anderson 370 $38,930
Greenville 370 $38,930
Columbia 250 $60,330
Beaufort 220 $42,470
Bluffton 220 $42,470
Hilton Head Island 220 $42,470
North Charleston 200 $53,140
Charleston 200 $53,140
Spartanburg 120 $49,660
Florence 50 $22,380
Sumter 50 $44,310
     
Metro Area (South Dakota) Total Employment Annual Median Salary
Sioux Falls 290 $35,240
Rapid City 150 $35,060
     
Metro Area (Tennessee) Total Employment Annual Median Salary
Murfreesboro 1820 $47,520
Franklin 1820 $47,520
Davidson 1820 $47,520
Nashville 1820 $47,520
Knoxville 650 $47,130
Johnson City 80 $43,980
Jackson 60 $33,240
     
Metro Area (Texas) Total Employment Annual Median Salary
Dallas 3820 $71,360
Fort Worth 3820 $71,360
Arlington 3820 $71,360
The Woodlands 3390 $63,870
Houston 3390 $63,870
Sugar Land 3390 $63,870
Austin 1340 $64,120
Round Rock 1340 $64,120
San Antonio 740 $59,580
New Braunfels 740 $59,580
Corpus Christi 210 $38,070
Midland 190 $62,060
Killeen 140 $39,010
Temple 140 $39,010
Port Arthur 140 $59,670
Beaumont 140 $59,670
Amarillo 130 N/A
El Paso 130 $78,950
Lubbock 100 $48,870
Bryan 90 N/A
College Station 90 N/A
McAllen 80 $43,130
Edinburg 80 $43,130
Mission 80 $43,130
Laredo 80 $53,970
Tyler 60 $59,840
Longview 50 $36,290
Odessa 50 $41,940
Waco 40 $51,680
San Angelo 30 $65,360
Sherman N/A $19,730
Denison N/A $19,730
Brownsville N/A $39,170
Harlingen N/A $39,170
Abilene N/A $40,340
     
Metro Area (Utah) Total Employment Annual Median Salary
Salt Lake City 1210 $43,050
Provo 360 $32,740
Orem 360 $32,740
Ogden 260 $37,920
Clearfield 260 $37,920
St. George 100 $48,120
     
Metro Area (Vermont) Total Employment Annual Median Salary
South Burlington 210 $59,950
Burlington 210 $59,950
     
Metro Area (Virginia) Total Employment Annual Median Salary
Richmond 280 $76,550
Charlottesville 80 $61,300
Roanoke 50 $66,530
Radford 40 $74,200
Christiansburg 40 $74,200
Blacksburg 40 $74,200
     
Metro Area (Washington) Total Employment Annual Median Salary
Bellevue 1810 $69,850
Seattle 1810 $69,850
Tacoma 1810 $69,850
Spokane Valley 180 $47,710
Spokane 180 $47,710
Olympia 90 $57,760
Tumwater 90 $57,760
Bellingham 90 $67,910
Yakima N/A $35,540
     
Metro Area (West Virginia) Total Employment Annual Median Salary
Morgantown 100 $47,660
Charleston 90 $35,530
Beckley 50 $27,940
     
Metro Area (Wisconsin) Total Employment Annual Median Salary
Milwaukee 950 $51,870
Waukesha 950 $51,870
West Allis 950 $51,870
Madison 380 $49,690
Racine 70 $47,330
Neenah 60 $45,560
Oshkosh 60 $45,560
Eau Claire 40 $45,860
Appleton 40 $48,610
Janesville 30 $43,430
Beloit 30 $43,430
Green Bay N/A $51,320
     
Metro Area (Wyoming) Total Employment Annual Median Salary
Casper 60 $47,980
Cheyenne 50 $60,360

Career Stories (Job Profiles) for Property Managers

To find out more about building a career as Property Managers, we spoke with professionals in the field across a variety of specialties. Learn about their experiences on the job, the steps they took to complete their education, and what it takes to excel in this industry. Click the link to see a story.

All Types

Most Popular Industries for :
Property Managers

Industries representing at least 1% of total jobs for the occupation.

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

Industry Jobs Percent Annual Median Salary
Real Estate 120,220 75% $42,080
Government 9,390 5% $60,630
Non-profit 5,310 3% $48,240
Business Management 4,620 2% $74,010
Civil Engineering 4,490 2% $76,000
Construction 3,080 1% $68,420
Office Services And Staffing 2,700 1% $47,450
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CityTownInfo Career and College Resources

We have some additional detailed pages at the state level for Property Managers.

Numbers in parentheses are counts of relevant campus-based schools in the state; online schools may also be available.

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