Property, Real Estate, or Community Association Manager Salary

Property, Real Estate, or Community Association Managers in the United States take home an average $46K per year. In the world of Property, Real Estate, or Community Association Managers, total cash compensation ranges from $30K on the lower end to $71K on the higher end; this includes bonuses that reach $10K and profit sharing that approaches $8K in rare cases, with some high rollers snagging commissions as high as $15K. Residence and career length each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Men are in the minority of survey respondents, with female Property, Real Estate, or Community Association Managers making up 74 percent. Although a majority have medical coverage and the greater part have dental coverage, slightly less than a third claim no health benefits at all.

$31,188 - $70,228
(Median)
$31K
$46K
$70K
MEDIAN: $46,384
10%
50%
90%

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$11.94 - $23.88
(Median)
$12
$16
$24
MEDIAN: $15.00
10%
50%
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
$31,188 - $70,228  
   
Bonus
$0.00 - $9,785  
Profit Sharing
$0.00 - $8,250  
Commission
$0.42 - $14,504  
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).
)
$30,383 - $71,399  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 942
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$13$26$39
Hourly Rate
$11.94 - $23.88  
   
Overtime
$1.57 - $36.16  
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$26K$52K$78K
Bonus
$0.00 - $9,785  
   
Commission
$0.42 - $14,504  
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).
)
$30,383 - $71,399  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 191
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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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At the upper end, Property, Real Estate, or Community Association Managers who move into a Regional Director of Property Management role can end up with a hefty increase in pay. The average income for Regional Directors of Property Management is a much higher $75K per year. 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


Property, Real Estate, or Community Association Managers report using a large range of skills on the job. 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 14 percent. At the other end of the pay range are skills like Sales, Customer Relations, and Account Management. Those proficient in Budget Management are, more often than not, also skilled in Customer Relations and Customer Service. Most people who know 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. People with 10 to 20 years of experience make an average of about $50K in this role. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $54K, demonstrating that compensation is roughly commensurate with experience in the end.

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 2%

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 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 204 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
32%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 69% dental benefits Dental: 57%
vision benefits Vision: 41% employee benefits None: 29%
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