Property, Real Estate, or Community Association Manager Salary

For Property, Real Estate, or Community Association Managers, yearly average wages total $46K annually. Cash earnings for Property, Real Estate, or Community Association Managers — including $10K in bonuses and $8K in profit sharing proceeds near the top of the pay scale — generally stretch from $30K to $71K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by experience level. Job satisfaction is reported as high by the vast majority of workers. While slightly less than a third report receiving no health benefits, the greater part do receive medical coverage, and a majority have dental, as well. Most Property, Real Estate, or Community Association Managers survey respondents are women (74 percent). This report is based on answers to PayScale's salary questionnaire.

$31,223 - $69,831

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$11.91 - $24.00

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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
$31,223 - $69,831  
   
Bonus
$0.00 - $9,654  
Profit Sharing
$0.00 - $8,250  
Commission
$0.39 - $14,564  
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).
)
$30,423 - $71,023  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 935
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$13$26$39
Hourly Rate
$11.91 - $24.00  
   
Overtime
$1.57 - $36.16  
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$26K$52K$78K
Bonus
$0.00 - $9,654  
   
Commission
$0.39 - $14,564  
Profit Sharing
$0.00 - $8,250  
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).
)
$30,423 - $71,023  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 187
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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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Property, Real Estate, or Community Association Managers sometimes assume positions such as Real Estate Asset Managers. That role pays $74K per year on average. The most common promotion for Property, Real Estate, or Community Association Managers is an Apartment Manager position, which usually brings in $31K a year. Another standard transition for Property, Real Estate, or Community Association Managers seeking advancement is to assume a Commercial Property Manager role, where pay is often $56K.

Property, Real Estate, or Community Association Manager Job Listings

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


Survey results imply that Property, Real Estate, or Community Association Managers deploy a substantial tool kit of skills at work. Most notably, skills in Financial Analysis, Budget Management, Operations Management, and Project Management are correlated to pay that is above average, with boosts between 4 percent and 15 percent. Skills that are correlated to lower pay, on the other hand, include Sales, Customer Relations, and Account Management. Skill sets containing Property Management also tend to include Customer Service and Customer Relations. Most people familiar with Budget Management also know 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.


Property, Real Estate, or Community Association Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Workers in their first five years can expect to earn $41K, but people who have been around for five to 10 years earn a noticeably bigger sum of $48K. Property, Real Estate, or Community Association Managers see a median salary of $50K after reaching one to two decades on the job. 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 $54K.

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
$46,000


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



Operations Management
up arrow 4%

Project Management
up arrow 3%

Accounting
up arrow 1%

Property Management
0%

Customer Service
0%

Customer Relationship Management (CRM)
0%

National Average
$46,000

Microsoft Office
up arrow 2%

Maintenance
up arrow 2%

Real Estate
up arrow 3%

Sales Management
up arrow 3%

Account Management
up arrow 4%


up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 196 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
11%

Common Health Benefits

medical benefits Medical: 69% dental benefits Dental: 57%
vision benefits Vision: 42% employee benefits None: 29%
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