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11-9141.00 - 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).


Key Facts
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Bright Outlook
Career Details
Green Job
Career Details
Current Employment
313,800
Estimate
Forecasted Employment
339,100
Estimate
Change in Employment
+25,300
Estimate
Change in Employment %
+8.1%
Estimate
Tasks
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Tasks
The tasks listed below can be performed to prepare you for a career in this field.
Core
  • 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.
  • Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
  • Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
  • Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
  • Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
  • Prepare detailed budgets and financial reports for properties.
  • Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
  • Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
  • Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
  • Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
  • Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
  • Purchase building and maintenance supplies, equipment, or furniture.
  • Act as liaisons between on-site managers or tenants and owners.
  • Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
  • Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
  • Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
Supplemental
  • Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
  • Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
  • Determine and certify the eligibility of prospective tenants, following government regulations.
  • Review rents to ensure that they are in line with rental markets.
  • Confer regularly with community association members to ensure their needs are being met.
  • Clean common areas, change light bulbs, and make minor property repairs.
  • Negotiate short- and long-term loans to finance construction and ownership of structures.
  • Contract with architectural firms to draw up detailed plans for new structures.
  • Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
  • Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Knowledge
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Knowledge

The items listed below are organized into sections that contain knowledge useful for pursuing a career in this field. Each section also contains a "Percentage of Importance" statistic that shows how relevant an item is to the occupation.
 Customer and Personal Service
  • 93%
    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
  • 88%
    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
  • 81%
    Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 English Language
  • 81%
    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
  • 77%
    Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
 Public Safety and Security
  • 74%
    Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
 Mathematics
  • 72%
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 Personnel and Human Resources
  • 71%
    Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
 Computers and Electronics
  • 70%
    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 Sales and Marketing
  • 64%
    Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
 Education and Training
  • 62%
    Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
 Clerical
  • 61%
    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.
 Building and Construction
  • 61%
    Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
 Psychology
  • 58%
    Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
 Communications and Media
  • 57%
    Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
 Telecommunications
  • 57%
    Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
 Mechanical
  • 52%
    Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Tools
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Tools
The tools listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Calculating machines and accessories
  • 10-key calculators
  • Handheld calculators
 Computer printers
  • Computer laser printers
 Computers
  • Desktop computers
  • Laptop computers
  • Personal computers
 Cameras
  • Digital cameras
  • Video surveillance cameras
 Specialized and recreational vehicles
  • Golf carts
 Duplicating machines
  • Laser facsimile machines
  • Photocopiers
 Surveillance and detection equipment
  • Lenel Onguard
 Personal communication devices
  • Multi-line telephone systems
  • Smartphones
  • Two way radios
 Computer data input devices
  • Scanners
 Ladders and scaffolding
  • Step ladders
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Technology
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Technology
The technologies listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Data management and query software
  • Advantos Systems DataTrust Enterprise
  • Bostonpost Technology Property Manager
  • Data entry softwareHOT
  • Domin-8 Enterprise Solutions RentRight
  • Domin-8 Enterprise Solutions Tenant Pro
  • FullHouse Software Investment Property Manager
  • Google AnalyticsHOT
  • IDEAS Software & Training IDEAS Property Clerk
  • Infor Global Solutions eSITE
  • Intuit MRI Residential
  • Intuit Quicken Rental Property Manager
  • iRealty Manager
  • Jenark Business Systems
  • Just So Software The Property Manager
  • LandlordMax
  • Landport Systems Landport
  • London Computer Systems Rent Manager
  • Microsoft AccessHOT
  • O'Brien Grasso RE Software Property Master
  • Property Boulevard
  • Property Solutions International ResidentPortal
  • PropertyThree
  • PropertyView Solutions Remanage
  • Propertyware
  • PT Software Solutions PT Rental Assistant
  • Qualitica RentBoss
  • RealPage OneSite
  • SpiritWorks Software Development Rental Property Tracker Plus
  • SS&C Technologies Skyline Property Management
  • TCG Technologies i-CAM
  • W G Software Tenant File
  • YardiHOT
  • Yardi Systems Yardi Enterprise
  • Yardi Systems Yardi Voyager Commercial
  • Yardi Systems Yardi Voyager Condo, Co-op, and HOA
  • Yardi Systems Yardi Voyager Residential
 Networking software
  • Biometric reader software
  • Card key management software
 Content authoring and editing software
  • Calendar and scheduling software
  • FacebookHOT
  • Google DocsHOT
  • LinkedInHOT
  • Microsoft ExcelHOT
  • Microsoft PowerPointHOT
  • Microsoft Publisher
  • Microsoft WordHOT
  • Social media sitesHOT
  • Spreadsheet software
  • YouTubeHOT
 Business function specific software
  • Google DriveHOT
  • Microsoft OfficeHOT
  • Microsoft ProjectHOT
 Development software
  • Hypertext markup language HTMLHOT
 Finance accounting and enterprise resource planning ERP software
  • Intuit QuickBooksHOT
  • Microsoft DynamicsHOT
  • Oracle JD Edwards EnterpriseOneHOT
  • RealEasyBooks ezREB
  • Sage 50 Accounting
  • Tax software
  • TrackPro Services TrackPro Manager
  • Turtle Creek Software Goldenseal
 Information exchange software
  • Microsoft OutlookHOT
 Operating environment software
  • Microsoft WindowsHOT
 Network applications software
  • Web browser software
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Certifications
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Certifications
FastForward at Virginia's Community Colleges is a short-term training program for high-demand industries, like healthcare, information technology, and skilled trades and infrastructure, helping Virginians get the jobs and salaries they need. Our goal is to get you trained, help you earn your certification, and get you into a career that can support you and your family. Explore the latest training program offerings by visiting FastForward
The certifications listed below are useful to pursue if you are interested in a career in this field.
 Specialty
 Advanced
 Product/Equipment
  • IBM Certified Associate Application Developer - TRIRIGA Application Platform V3.2.1
    1133 Westchester Avenue White Plains, NY 10604404-238-1234 (outside U.S.)

  • IBM Certified Application Development - TRIRIGA Application Platform V3.2.1
    1133 Westchester Avenue White Plains, NY 10604404-238-1234 (outside U.S.)

 Core
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Licensing
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Licensing
The licensing information below is organized into sections and is useful for pursuing if you are interested in a career in this field.
No specific licensing information is listed for this occupation in the area you have selected.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Related Programs
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Programs related to this career, offered by participating institution(s), are listed below.

Clicking on the Degree programs in the list below will take you away from the Careers page.
INSTITUTION
PROGRAMS
Bridgewater College
 Programs
Mountain Empire Community College
 Programs
Randolph-Macon College
 Programs
Virginia Commonwealth University
 Programs