Real Estate Manager Salary
A Real Estate Manager earns an average salary of $71,914 per year. A skill in Negotiation is associated with high pay for this job.
Job Description for Real Estate Manager
Real estate managers are responsible for effectively managing real estate properties for their organization. They are in charge of coordinating administrative efforts to stimulate company growth, as well as communicating and negotiating with prospective and current clients; this includes overseeing the lease creation and renewal process. Real estate managers use their knowledge of local real estate and contract terminology to provide sound advice to their employer and assist with site selection tasks.Read More...
Real estate managers actively keep track of facilities expenses, revenues, customer inquiries, and valuations. Additionally, real estate managers must respond to tenant questions in a prompt and professional manner. They also communicate with technical staff to provide solutions, ensure regular property inspection, create detailed reports, assist with marketing efforts, and act as a primary contact with owners. Real estate managers also conduct lease analysis and monitor the activity of outside brokers, as well as verify rent collection and prepare legal notices as needed. In all tasks, real estate managers must follow strict confidentiality procedures and receive support from the management team.
A bachelor's degree in property management or a related field is required for this position. Previous managerial experience may be preferred. Real estate managers must possess strong interpersonal skills, pay strong attention to detail, and work well as part of a team. They must also work effectively on their own with minimal supervision.
Real Estate Manager Tasks
- Track, analyze, and prepare reports on real estate properties and packages, such as cash flows.
- Supervise and oversee maintenance and appearance standards.
- Ensure compliance with terms of leases, including analyzing site-specific problems.
- Meet accounting deadlines, including project and entity level financials and taxes.
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Rated 5 out of 5
based on 30 votes.