Property, Real Estate, and Community Association Managers
What is a Property, Real Estate, and Community Association Managers?
Property, Real Estate, and Community Association Managers are professionals responsible for overseeing the daily operations of real estate properties, including residential, commercial, and industrial spaces. They are tasked with ensuring that properties are maintained, that financial goals are met, and that tenants' needs are addressed. These managers typically work with property owners, tenants, and various service providers to maintain buildings, enforce regulations, and foster a harmonious community environment.
In their role, they may manage budgets, collect rents, oversee maintenance and repairs, and ensure compliance with local and federal regulations. They also play a crucial role in marketing properties to potential tenants, preparing lease agreements, and handling disputes that may arise between tenants or between tenants and the management.
Community Association Managers specifically focus on managing homeowner associations, condominium associations, and other community organizations. They facilitate communication between homeowners and the association board, organize community events, and help develop rules and policies that enhance community living. Their work may involve conflict resolution, as they strive to maintain a positive community atmosphere while upholding the standards of the association.
Overall, the role of Property, Real Estate, and Community Association Managers is vital for ensuring that real estate assets are well-managed and that the interests of both property owners and residents are balanced effectively.
Tasks
- Prepare detailed budgets and financial reports for properties.
- 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.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
Technology Skills
-
Data base user interface and query software
- Advantos Systems DataTrust Enterprise
- O'Brien Grasso RE Software Property Master
- Propertyware
- Yardi software
-
Word processing software
- Google Docs
- Microsoft Word
-
Accounting software
- Intuit QuickBooks
- Sage 50 Accounting
- Tax software
- TrackPro Services TrackPro Manager
-
Web page creation and editing software
- Social media sites
-
Access software
- Biometric reader software
- Card key management software
Tools Used
- Ladders
- Mobile phones
- Pocket calculator
- Notebook computers
- Laser printers
Knowledge
-
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.
-
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.
-
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.
Skills
-
Speaking
Talking to others to convey information effectively.
-
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
-
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.
-
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
Abilities
-
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.
-
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).
Education
How much education does a new hire need to perform a job in this occupation?
-
Bachelor's degree
-
High school diploma or equivalent
or: GED, High School Equivalency Certificate
-
Post-secondary certificate
Awarded for training completed after high school (for example, in Personnel Services, Engineering-related Technologies, Vocational Home Economics, Construction Trades, Mechanics and Repairers, Precision Production Trades)
Work Activities
-
Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
-
Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
-
Communicating with Supervisors, Peers, or Subordinates
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
-
Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
-
Coordinating the Work and Activities of Others
Getting members of a group to work together to accomplish tasks.
Detailed Work Activities
- Prepare financial documents, reports, or budgets.
- Prepare operational budgets.
- Direct facility maintenance or repair activities.
- Direct organizational operations, projects, or services.
- Manage construction activities.
Work Interests
-
Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
-
Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
Job Outlook
Projected salary and job growth
$37540.0 - $135990.0
New job opportunities are likely in the future. : Average
Assessment
Related assessments and tests
No assessment available.