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Property, Real Estate, or Community Association Manager Salary

Property, Real Estate, or Community Association Managers in the United States pull down an average of $46K annually. Bonuses, profit sharing, and commission all factor into final incomes for Property, Real Estate, or Community Association Managers. Ranging between $30K near the bottom and $72K near the top, total earnings can include up to $10K from bonuses and up to $9K from profit sharing, with a high-performing minority reaping commissions of $15K. Residence is the biggest factor affecting pay for this group, followed by career duration. Most Property, Real Estate, or Community Association Managers like their work and job satisfaction is high. Health benefits are not claimed by all — slightly less than a third lack any form of coverage — but the greater part have medical insurance, and slightly more than half have dental, too. Female Property, Real Estate, or Community Association Managers make up most of the survey respondents at 72 percent. The information for this snapshot was generated by responses to the PayScale salary survey.
$30,765 - $70,861
(Median)
31K
39K
46K
58K
71K
MEDIAN: $46,295
10%
25%
50%
75%
90%

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$11.84 - $22.86
(Median)
12
16
19
23
MEDIAN: $15.00
10%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$30,765 - $70,861  
   
Bonus
$0.00 - $9,769  
Profit Sharing
$0.00 - $8,940  
Commission
$153.19 - $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).
)
$30,157 - $71,952  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,068
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$11.84 - $22.86  
   
Overtime
$7.84 - $31.11  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $9,769  
   
Commission
$153.19 - $14,564  
Profit Sharing
$0.00 - $8,940  
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).
)
$30,157 - $71,952  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 213
United States (change)

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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There are some Property, Real Estate, or Community Association Managers — though it's uncommon — that transition into Real Estate Asset Managers, where earnings are an average $75K annually. The most common career progression for Property, Real Estate, or Community Association Managers leads to becoming an Apartment Manager, where pay is typically $31K. However, many Property, Real Estate, or Community Association Managers also opt to become Commercial Property Managers, a position that pays $56K on average.

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 Accounting are correlated to pay that is above average. At the other end of the pay range are skills like Sales, Customer Relations, and Real Estate. Most people who know Budget Management also know Customer Relations and Customer Service. Most people familiar with Property Management also know Customer Service and Customer Relations.

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.


Experience does not seem to be a strong driver of pay increase in this role. Respondents with less than five years' experience take home $41K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $48K. Property, Real Estate, or Community Association Managers see a median salary of $51K after reaching one to two decades on the job. As Property, Real Estate, or Community Association Managers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $56K.

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 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

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 3%

Accounting
up arrow 2%

Project Management
0%

National Average
$46,000

Property Management
up arrow 1%

Customer Service
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Account Management
up arrow 1%

Microsoft Office
up arrow 2%

Maintenance
up arrow 4%

Sales Management
up arrow 4%



up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 268 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
28%
10-19 years
31%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 69% dental benefits Dental: 55%
vision benefits Vision: 40% employee benefits None: 29%