Projected Growth: Faster than average
Projected Job Openings
Considerable Preparation Needed
Your job is to 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).
Common job titles of Real Estate Property Managers include:
Experience and Education
A considerable amount of work-related skill, knowledge, or experience is needed for this occupation. For example, a person in this occupation must complete four years of college and work for several years in industry to be considered qualified.
48% said they needed a Bachelor's Degree.
12% said they needed a High School Diploma.
Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
Act as liaisons between on-site managers or tenants and owners.
Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
Clean common areas, change light bulbs, and make minor property repairs.
Determine and certify the eligibility of prospective tenants, following government regulations.
Purchase building and maintenance supplies, equipment, or furniture.
Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
Confer regularly with community association members to ensure their needs are being met.
Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
Investigate complaints, disturbances and violations and resolve problems, following management rules and regulations.
Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
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.
Prepare detailed budgets and financial reports for properties.
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.
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.
Video surveillance cameras
Two way radios
Personal computersAll Tools
Multi-line telephone systems
Laser facsimile machines
Computer laser printers
Data entry software
Hypertext markup language HTML
Advantos Systems DataTrust Enterprise
Biometric reader software
Bostonpost Technology Property Manager
Calendar and scheduling software
Card key management software
Domin-8 Enterprise Solutions RentRight
Domin-8 Enterprise Solutions Tenant Pro
FullHouse Software Investment Property Manager
IDEAS Software & Training IDEAS Property Clerk
Infor Global Solutions eSITE
Intuit MRI Residential
Intuit Quicken Rental Property Manager
Jenark Business Systems
Just So Software The Property Manager
Landport Systems Landport
London Computer Systems Rent Manager
O’Brien Grasso RE Software Property Master
Property Solutions International ResidentPortal
PropertyView Solutions Remanage
PT Software Solutions PT Rental Assistant
SpiritWorks Software Development Rental Property Tracker Plus
SS&C Technologies Skyline Property Management
TCG Technologies i-CAM
TrackPro Services TrackPro Manager
Turtle Creek Software Goldenseal
W G Software Tenant File
Yardi Systems Yardi Enterprise
Yardi Systems Yardi Voyager Commercial
Yardi Systems Yardi Voyager Condo, Co-op, and HOA
Yardi Systems Yardi Voyager Residential
Listen to and understand information and ideas presented through spoken words and sentences.
Cognitive Abilities › Verbal Abilities › Oral Comprehension
Read and understand information and ideas presented in writing.
Cognitive Abilities › Verbal Abilities › Written Comprehension
Communicate information and ideas in speaking so others will understand.
Cognitive Abilities › Verbal Abilities › Oral Expression
See details at close range (within a few feet of the observer).
Sensory Abilities › Visual Abilities › Near Vision
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.
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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.
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Public Safety and Security
Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
Building and Construction
Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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.