Community association managers: Salary, career path, job outlook, education and more
Community association managers work on behalf of homeowner or community associations to manage the communal property and services of condominiums, cooperatives, and planned communities. Usually hired by a volunteer board of directors of the association, they manage the daily affairs and supervise the maintenance of property and facilities that the homeowners use jointly through the association. Like property managers, community association managers collect monthly fees, prepare financial statements and budgets, negotiate with contractors, and help to resolve complaints. Community association managers also help homeowners and non-owner residents comply with association rules and regulations.
- Education Required
- A high school diploma or equivalent is typically required for most onsite property management positions. However, many employers prefer to hire college graduates for commercial management positions and offsite positions dealing with a propertys finances or contract management. A bachelors or masters degree in business administration, accounting, finance, real estate, or public administration is preferred for these types of positions.
- Job Outlook
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The projected percent change in employment from 2016 to 2026: 11% (Faster than average)
(The average growth rate for all occupations is 7 percent.) - Advancement
- Many people begin property management careers as assistant managers, working closely with a property manager. In time, many assistants advance to property manager positions.
- Licenses/Certifications
- Real estate managers who buy or sell property must have a real estate license in the state in which they practice. In a few states, property and community association managers also must have a real estate license. Managers of public housing subsidized by the federal government must hold certifications.
- Median pay: How much do Property, Real Estate, and Community Association Managers make?
- $57,040 Annual Salary
- $27.42 per hour
Careers for Property, Real Estate, and Community Association Managers
- Apartment managers
- Building rental managers
- Condominium association managers
- Homeowner association managers
- Land acquisition managers
- Leasing property managers
- Onsite property managers
- Property and real estate managers
- Property managers
- Real estate asset managers
- Real estate managers