Property, Real Estate, or Community Association Manager Salary

Pay for Property, Real Estate, or Community Association Managers in the United States sits in the ballpark of $47K annually. In the world of Property, Real Estate, or Community Association Managers, total cash compensation can vary between $31K and $70K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $7K, respectively. The company is the biggest factor affecting pay for this group, followed by geography and experience level. Female Property, Real Estate, or Community Association Managers make up most of the survey respondents at 74 percent. Health benefits are not enjoyed by everyone in this line of work, and nearly one in four lack any coverage at all. Medical benefits are reported by a strong majority and dental coverage is claimed by more than half. For the most part, Property, Real Estate, or Community Association Managers enjoy their work and report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.

$31,643 - $69,524
(Median)
$32K
$47K
$70K
MEDIAN: $46,756
10%
50%
90%

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$12.25 - $24.70
(Median)
$12
$16
$25
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$31,643 - $69,524  
   
Bonus
$0.00 - $9,937  
Profit Sharing
$0.00 - $7,340  
Commission
$0.38 - $12,040  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,873 - $70,388  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 856
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$12.25 - $24.70  
   
Overtime
$1.49 - $39.18  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $9,937  
   
Commission
$0.38 - $12,040  
Profit Sharing
$0.00 - $7,340  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,873 - $70,388  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 162
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Job Description for Property, Real Estate, or Community Association Manager

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.

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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.

Common Career Paths for Property, Real Estate, or Community Association Manager


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Though some Property, Real Estate, or Community Association Managers move into positions like Real Estate Asset Manager (where the average salary is $75K), this progression is not the norm. Going from Community Association Manager to Apartment Manager is the transition that occurs most often in this field, and the average paycheck for Apartment Managers is $31K. Many others choose to work as Commercial Property Managers, where pay is typically $56K.

Property, Real Estate, or Community Association Manager Job Listings

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Popular Employer Salaries for Property, Real Estate, or Community Association Manager


Heading up the field in terms of compensation, Education Realty Trust offers the most; Property, Real Estate, or Community Association Managers earn $60K on average there.

Popular Skills for Property, Real Estate, or Community Association Manager


Property, Real Estate, or Community Association Managers seem to exploit a large range of skills on the job. Most notably, skills in Financial Analysis, Budget Management, Project Management, and Operations Management are correlated to pay that is above average, with boosts between 6 percent and 16 percent. Skills that pay less than market rate include Sales, Customer Relations, and Account Management. Those who learned Property Management also tend to know Customer Service and Customer Relations. Most people skilled in Budget Management are similarly competent in Customer Relations and Customer Service.

Pay by Experience Level for Property, Real Estate, or Community Association Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Property, Real Estate, or Community Association Managers, experience does not seem to be a major factor in determining pay. Survey participants with less than five years' experience pocket $43K on average, but those with five to 10 years of experience enjoy a much bigger median of $48K. Property, Real Estate, or Community Association Managers who work for 10 to 20 years in their occupation tend to earn about $49K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $53K.

Pay Difference by Location

National Average: $46,603

Larger city markers indicate a job is popular in that location.

Property, Real Estate, or Community Association Managers in Sacramento, Los Angeles, and San Francisco — the highest-paid cities for Property, Real Estate, or Community Association Managers in California and the United States — enjoy a very comfortable lifestyle with compensation above the national average. Falling short of the national average by 6 percent, the area with the worst salaries is Minneapolis. Workers in Las Vegas and Houston earn less than others in this profession; their salaries fall short of the national average by 3 percent.

Property, Real Estate, or Community Association Manager Reviews

What is it like working as a Property, Real Estate, or Community Association Manager?

Property, Real Estate, or Community Association Manager in Charleston:
"New Career 2015."
Pros: I like the fact that I work on my own in a virtual office. I do not have to report to a corporate setting anymore.
Cons: The job itself is up in the air. I do not have security with this job, nor do I have any benefits. (ie. Health, etc.)

Property, Real Estate, or Community Association Manager in Milwaukee:
"Comfortable work load, variety of work, challenging."
Pros: Management for the building, fun team to work with, variety of job responsibilities.
Cons: Low paying, student majority in current company, small company with little room for climbing ladder.

Property, Real Estate, or Community Association Manager in Hendersonville:
"Live-On-Site Apartment Community Manager."
Pros: Personal contact with all Residents, prospective Residents and Contractors. Managing all aspects of scope of work: community relations, maintenance needs, contractor vetting and supervising, supervising all projects on site. Stress level manageable, great flexibility in schedule, great company and owners to work for, short commute, small rent concession.
Cons: Non-emergency night calls from residents. People behaving badly on the property. Stress concerning personal finances.

Related Job Salaries

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Experience Affects Property, Real Estate, or Community Association Manager Salaries




National Average
$47,000


Skills That Affect Property, Real Estate, or Community Association Manager Salaries




Operations Management
up arrow 3%

Customer Relationship Management (CRM)
up arrow 1%

Real Estate
0%

National Average
$47,000

Property Management
up arrow 1%

Customer Service
up arrow 1%

Microsoft Office
up arrow 1%

Maintenance
up arrow 1%

Accounting
up arrow 2%

Sales Management
up arrow 3%

Account Management
up arrow 4%


up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 152 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
27%
10-19 years
33%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 60%
medical benefits
Vision: 46%
dental benefits
None: 27%
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