Plan, explore, and apply to college using these great tools.
Career Details :: Property, Real Estate, and Community Association Managers
Description
Plan, direct, or coordinate selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties.
Experience
A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Education
Most of these occupations require a four-year bachelor's degree, but some do not.
Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Tasks
- Manages and oversees operations, maintenance, and administrative functions for commercial, industrial, or residential properties.
- Directs collection of monthly assessments, rental fees, and deposits, and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Meets with clients to negotiate management and service contracts, determine priorities, and discuss financial and operational status of property.
- Plans, schedules, and coordinates general maintenance, major repairs, and remodeling or construction projects for commercial or residential property.
- Investigates complaints, disturbances, and violations and resolves problems following management rules and regulations.
- Recruits, hires, and trains managerial, clerical, and maintenance staff, or contracts with vendors for security, maintenance, extermination, or grounds-keeping personnel.
- Directs and coordinates the activities of staff and contract personnel and evaluates performance.
- Maintains records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Purchases building and maintenance supplies, equipment, or furniture.
- Develops and administers annual operating budget.
- Negotiates for sale, lease, or development of property, and completes or reviews appropriate documents and forms.
- Inspects facilities and equipment and inventories building contents to document damage and determine repair needs.
- Assembles and analyzes construction and vendor service contract bids.
- Confers with legal authority to ensure transactions and terminations of contracts and agreements are in accordance with court orders, laws, and regulations.
- Maintains contact with insurance carrier, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
- Prepares reports summarizing financial and operational status of property or facility.
- Meets with prospective leasers to show property, explain terms of occupancy, and provide information about local area.
Related Careers
- Agents and Business Managers of Artists, Performers, and Athletes
- Management Analysts
- Purchasing Managers
Important Abilities
General Work Activities
- Getting Information Needed to Do the Job
- Communicating With Other Workers
- Communicating With Persons Outside Organization
- Monitoring and Controlling Resources
- Organizing, Planning, and Prioritizing
Important Skills
- Speaking
- Active Listening
- Judgment and Decision Making
- Management of Personnel Resources
- Coordination
Frequent Work Context
- Job-Required Social Interaction
- Responsibility for Outcomes and Results
- Deal With External Customers
- Objective or Subjective Information
- Consequence of Error
Related Majors
| Major | Add to XapPack |
|---|---|
| Finance/Real Estate |  [ add ] |
| Finance/Real Estate/Law | [ add ] |
| Real Estate | [ add ] |
| Real Estate Development | [ add ] |
| Real Estate/International Business | [ add ] |
| Real Estate/Metropolitan Development | [ add ] |
Institutions Offering Related Majors
No institutions found.