A property, real estate, or community association manager is an individual hired by a community association or a client (such as an individual property owner, a real estate brokerage, bank, or large corporation); a community association usually describes a condominium community, planned neighborhood, or similar community.
The basic function of a property manager working for a community association is to manage the common grounds of the community. The typical duties of a community association manager usually range from routine grounds maintenance and common buildings maintenance to enforcement of community rules and regulations. Managing landscaping as well as managing maintenance of pools, parks, parking locations, and playgrounds are typical duties of a community manager. Recreational rooms, golf courses, gyms and fitness facilities, and club houses are also part of their responsibility. Collection of any community fees owed and financial responsibilities such as the preparation of the community budget may also be a part of a community association manager's role.
A property or real estate manager has a similar role, and the overall function of this role is managing tenants. They may maintain as few as one residential dwelling up to an apartment complex of hundreds of apartments. A real estate manager typically manages the upkeep of the apartments (both inside and out), as well as the financial needs of the complex by routinely completing tasks such as collecting rent payments. A real estate manager may also oversee buildings such as office towers, shopping malls, or warehouse spaces.
At minimum, a property, real estate, or community association manager position typically requires the individual to hold a high school diploma or equivalent. Often, a real estate or property manager must have a real estate license. Some property or real estate managers need to hold an investment license depending on the employer and the nature of the work they chose to specialize in.
Property, Real Estate, or Community Association Manager Tasks
- Coordinate vendors, maintenance projects, repairs, and upgrades.
- Show the property to prospective tenants and explain terms of agreements.
- Oversee daily operations and their documentation, including leasing, accounting, maintenance, and resident concerns.
- Explain and enforce policies and regulations to visitors, tenants, and the community.