Onsite property managers: Salary, career path, job outlook, education and more
Onsite property managers are responsible for the day-to-day operation of a single property, such as an apartment complex, an office building, or a shopping center. To ensure that the property is well maintained, onsite managers routinely inspect the grounds, facilities, and equipment to determine whether maintenance or repairs are needed. They meet with current tenants to handle requests for repairs or to resolve complaints. They also meet with prospective tenants to show vacant apartments or office space. In addition, onsite managers enforce the terms of rental or lease contracts along with an associations governing rules. They make sure that tenants pay their rent on time, follow restrictions on parking or pets, and follow the correct procedures when the lease is up. Other important duties of onsite managers include keeping accurate, up-to-date records of income and expenditures from property operations and submitting regular expense reports to the senior-level property manager or the owner(s).
- 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
-
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
- Community association managers
- Condominium association managers
- Homeowner association managers
- Land acquisition managers
- Leasing property managers
- Property and real estate managers
- Property managers
- Real estate asset managers
- Real estate managers