For Property, Real Estate, or Community Association Managers, annual average wages total $49K per year. In the world of Property, Real Estate, or Community Association Managers, total cash compensation ranges from $33K on the lower end to $72K on the higher end; this includes bonuses that reach $10K and profit sharing that approaches $5K in rare cases, with some high rollers snagging commissions as high as $10K. Compensation for this group is mainly affected by residence, but the company and tenure are influential factors as well. Not all workers are lucky enough to have benefits; in fact, one in four are without coverage. Medical insurance is claimed by a fair number and dental insurance is reported by the larger part. The majority of Property, Real Estate, or Community Association Managers claim high levels of job satisfaction. Most Property, Real Estate, or Community Association Managers survey respondents are women (76 percent). Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$34,078 - $71,239
(Median)
$34K
$49K
$71K
MEDIAN: $48,792
10%
50%
90%

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$13.02 - $26.56
(Median)
$13
$18
$27
MEDIAN: $18.00
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$25K$50K$75K
Salary
$34,078 - $71,239  
   
Bonus
$191.89 - $9,743  
Profit Sharing
$0.00 - $5,051  
Commission
$986 - $9,899  
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).
)
$33,021 - $72,112  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 559
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$15$30$45
Hourly Rate
$13.02 - $26.56  
   
Overtime
$18.49 - $42.15  
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$30K$60K$90K
Bonus
$191.89 - $9,743  
   
Commission
$986 - $9,899  
Profit Sharing
$0.00 - $5,051  
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).
)
$33,021 - $72,112  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 120
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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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As Property, Real Estate, or Community Association Managers transition into upper-level roles such as Portfolio Manager, they may see a strong upturn in salary. Portfolio Managers earn $90K on average 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 $32K. 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 Employer Salaries for Property, Real Estate, or Community Association Manager


The biggest paychecks can be found at Education Realty Trust — the median salary there is $60K.

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


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Financial Analysis, Sales Management, Budget Management, and Operations Management are correlated to pay that is above average, with boosts between 9 percent and 18 percent. At the other end of the pay range are skills like Sales and Account Management. Those educated in Budget Management tend to be well versed 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.


Survey participants with less than five years' experience pocket $44K on average, but those with five to 10 years of experience enjoy a much bigger median of $50K. Property, Real Estate, or Community Association Managers bring in $50K after working for 10 to 20 years. Old hands who claim more than two decades on the job enjoy average earnings of $54K.

Pay Difference by Location

National Average: $48,459

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

Surpassing the national average by 28 percent, Property, Real Estate, or Community Association Managers in Chicago receive some of the highest pay in the country. Property, Real Estate, or Community Association Managers will also find cushy salaries in New York (+24 percent), Sacramento (+22 percent), Denver (+18 percent), and Atlanta (+16 percent). With compensation 10 percent below the national average, Las Vegas is not known for hefty paychecks and actually represents the lowest-paying market. Workers in Houston and Minneapolis earn salaries that trail the national average for those in this profession (10 percent less and 9 percent less, respectively).

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
$48,000


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






Accounting
up arrow 3%

Customer Relations
up arrow 1%

Real Estate
up arrow 1%

Maintenance
up arrow 1%

Property Management
0%

Customer Relationship Management (CRM)
0%

Microsoft Office
0%

National Average
$48,000

Customer Service
up arrow 1%


up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 94 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
25%
10-19 years
31%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 61%
medical benefits
Vision: 50%
dental benefits
None: 27%
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