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Property, Real Estate, and Community Association Managers

Plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).   (O'Net 11-9141.00)

 
Reported job titles:   Apartment Hotel Manager, Apartment House Manager, Apartment Manager, Assistant Property Manager, Building Custodian, Managing, Supervising, Renting, Building Rental Manager   (view all job titles)
 
  • Career Video
  • Wages
  • Employment Trends
  • Industries of Employment
  • Tasks
  • Knowledge
  • Skills
  • Abilities
  • Work Activities
  • Interests
  • Work Styles
  • License Information
  • Education & Training Requirements
  • Schools
  • Other Resources
  • Related Occupations
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    Wages
    for Property, Real Estate, and Community Association Managers
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     Location Pay
    Period
    2016
    Percentile Wages Average
    Wage
    10% 25% 50%
    Median
    75% 90%
     Vermont Hourly $ 16.30   $ 21.78   $ 29.04   $ 44.22   $ 57.42   $ 35.27  
    Yearly $33,900   $45,300   $60,400   $91,970   $119,430   $73,350  
     
     Burlington-South Burlington, VT Metropolitan NECTA Hourly $ 14.81   $ 20.83   $ 29.76   $ 47.62   $ 59.44   $ 36.91  
    Yearly $30,810   $43,320   $61,910   $99,050   $123,630   $76,770  
     
     Southern Vermont Balance of State Hourly $ 18.26   $ 21.46   $ 25.92   $ 34.40   $ 51.44   $ 32.72  
    Yearly $37,980   $44,640   $53,920   $71,550   $107,000   $68,050  
     
     Northern Vermont Balance of State Hourly $ 18.90   $ 23.06   $ 31.04   $ 45.50   $ 56.26   $ 33.99  
    Yearly $39,310   $47,970   $64,560   $94,640   $117,020   $70,710  
     
    What are Percentile Wages?
    source: Occupational Employment Statistics, Vermont Labor Market Information, U.S. Bureau of Labor Statistics, released April 2017.
     


    Employment Trends
    for Property, Real Estate, and Community Association Managers
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    Location Employment Annual % change
    (compounded)
    Annual job openings
    (due to growth and
    net replacements)
    2014 2024
    Vermont 1,201 1,291 0.7% 30
    source: Employment Projections, Vermont Economic & Labor Market Information, in cooperation with U.S. Bureau of Labor Statistics, statewide estimates released July 2016.
     


    Industries of Employment
    for Property, Real Estate, and Community Association Managers
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    Industry Percent of Total
    2014
    Self-employed workers, all industries 43.7%
    Real estate 42.1%
    Religious, grantmaking, civic, professional, and similar organizations 3.1%
    Local government, excluding education and hospitals 2.4%
    Management of companies and enterprises 1.9%
    source: Employment Projections, U.S. Bureau of Labor Statistics, National Employment Matrix, released July 2016.
     


    Tasks
    for Property, Real Estate, and Community Association Managers
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  • Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
     
  • Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
     
  • Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
     
  • Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
     
  • Act as liaisons between on-site managers or tenants and owners.
     
  • Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
     
  • Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
     
  • Prepare detailed budgets and financial reports for properties.
     
  • Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
     
  • Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
     
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated July 2013
     


    Knowledge
    for Property, Real Estate, and Community Association Managers
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  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
     
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
     
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
     
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
     
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
     
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
     
  • Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
     
  • Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
     
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
     
  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
     
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated July 2013
     


    Skills
    for Property, Real Estate, and Community Association Managers
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  • Speaking - Talking to others to convey information effectively.
     
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
     
  • Coordination - Adjusting actions in relation to others' actions.
     
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
     
  • Negotiation - Bringing others together and trying to reconcile differences.
     
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
     
  • Persuasion - Persuading others to change their minds or behavior.
     
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
     
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
     
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
     
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated July 2013
     


    Abilities
    for Property, Real Estate, and Community Association Managers
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  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
     
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
     
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
     
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
     
  • Speech Clarity - The ability to speak clearly so others can understand you.
     
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
     
  • Speech Recognition - The ability to identify and understand the speech of another person.
     
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
     
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
     
  • Near Vision - The ability to see details at close range (within a few feet of the observer).
     
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated July 2013
     


    Work Activities
    for Property, Real Estate, and Community Association Managers
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  • Making Decisions and Solving Problems - Analyzing information and evaluating results to choose the best solution and solve problems.
     
  • Communicating with Supervisors, Peers, or Subordinates - Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
     
  • Interacting With Computers - Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
     
  • Resolving Conflicts and Negotiating with Others - Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
     
  • Organizing, Planning, and Prioritizing Work - Developing specific goals and plans to prioritize, organize, and accomplish your work.
     
  • Getting Information - Observing, receiving, and otherwise obtaining information from all relevant sources.
     
  • Monitoring and Controlling Resources - Monitoring and controlling resources and overseeing the spending of money.
     
  • Establishing and Maintaining Interpersonal Relationships - Developing constructive and cooperative working relationships with others, and maintaining them over time.
     
  • Documenting/Recording Information - Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
     
  • Updating and Using Relevant Knowledge - Keeping up-to-date technically and applying new knowledge to your job.
     
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated July 2013
     


    Interests
    for Property, Real Estate, and Community Association Managers
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  • Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
     
  • Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
     
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated June 2008
     


    Work Styles
    for Property, Real Estate, and Community Association Managers
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  • Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
     
  • Integrity - Job requires being honest and ethical.
     
  • Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
     
  • Self Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
     
  • Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
     
  • Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
     
  • Initiative - Job requires a willingness to take on responsibilities and challenges.
     
  • Persistence - Job requires persistence in the face of obstacles.
     
  • Leadership - Job requires a willingness to lead, take charge, and offer opinions and direction.
     
  • Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
     
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated July 2013
     


    State of Vermont License Information
    that may be required for Property, Real Estate, and Community Association Managers
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    No state licenses listed for this occupation.
     


    Education and Training Requirements
    for Property, Real Estate, and Community Association Managers
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  • Job Zone Four: Considerable Preparation Needed
  •  
  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  •  
  • Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  •  
  • Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  •  
    source: Occupational Information Network: Property, Real Estate, and Community Association Managers  updated July 2013
     


    Schools
    offering instructional programs related to Property, Real Estate, and Community Association Managers
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      Related Instructional Programs
     
    • Real Estate Development. (NEW)
     
    • Real Estate.
     
     Search for schools offering these programs at
     
     
     
    source: National Center for Education Statistics 2000 Classification of Instructional Programs .
     


    Other Resources
    for Property, Real Estate, and Community Association Managers
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  • Labor Exchange Information
  • A source for occupational characteristics, such as age, gender, race, and years of education and an alternative source for occupational wage rates. Limited to people looking for jobs and the jobs advertised through VDOL Vermont Job Link.
  • Look for statewide information over the latest 12 months for Property, Real Estate, and Community Association Managers.
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  • Occupational Outlook Handbook
  • The Occupational Outlook Handbook is a nationally recognized source of career information, designed to provide valuable assistance to individuals making decisions about their future work lives. Revised every two years, the Handbook describes what workers do on the job, working conditions, the training and education needed, earnings, and expected job prospects in a wide range of occupations.
    Go to Occupational Outlook Handbook
    Handbook occupations related to Property, Real Estate, and Community Association Managers :
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  • For additional information on Property, Real Estate, and Community Association Managers , go to O*NET Online Detail Report.
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    Related Occupations
    Occupations with skill requirements similar to Property, Real Estate, and Community Association Managers
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  • Administrative Services Managers
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  • Customs Brokers
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  • Insurance Sales Agents
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  • Loan Officers
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  • Procurement Clerks
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  • Real Estate Brokers
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  • Real Estate Sales Agents
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  • Regulatory Affairs Managers
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  • Wholesale and Retail Buyers, Except Farm Products
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    source: Occupational Information Network: Property, Real Estate, and Community Association Managers 
     

     
     
     
    Vermont.gov State of Vermont Department of Labor