DETAILED OCCUPATION DATA
11-9141 Property, Real Estate, and Community Association Managers
Occupational Description:
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).| Percentiles | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Geography | Employment | Emp SE* | Mean | Mean SE* | 10th | 25th | Median | 75th | 90th |
| Minnesota | 3,960 | 428 | $34.70/hr | $1.46/hr | $19.00/hr | $23.48/hr | $29.79/hr | $39.53/hr | $58.66/hr |
| U S | 220,750 | 2,870 | $34.81/hr | $0.31/hr | $15.06/hr | $20.21/hr | $28.52/hr | $40.97/hr | $62.69/hr |
| *SE = Standard error, a measure of the statistical reliability of the estimate. | |||||||||
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| Occupation (click title for details) | OES | Projections | |
|---|---|---|---|
| Employment | Median Wage | % Change 2023 - 2025 | |
| Management Analysts | 14,050 | $39.37/hr | 0.8% |
| Purchasing Managers | 2,050 | $56.89/hr | 1.5% |
| Agents and Business Managers of Artists, Performers, and Athletes | 200 | $23.55/hr | 2.3% |
Tasks for Property, Real Estate, and Community Association Managers
- Manages and oversees operations, maintenance, and administrative functions for commercial, industrial, or residential properties.
- Directs collection of monthly assessments, rental fees and deposits, and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Meets with clients to negotiate management and service contracts, determine priorities, and discuss financial and operational status of property.
- Plans, schedules, and coordinates general maintenance, major repairs, and remodeling or construction projects for commercial or residential property.
- Investigates complaints, disturbances, and violations and resolves problems following management rules and regulations.
- Recruits, hires, and trains managerial, clerical, and maintenance staff, or contracts with vendors for security, maintenance, extermination, or groundskeeping personnel.
- Directs and coordinates the activities of staff and contract personnel and evaluates performance.
- Maintains records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Purchases building and maintenance supplies, equipment, or furniture.
- Develops and administers annual operating budget.
- Negotiates for sale, lease, or development of property, and completes or reviews appropriate documents and forms.
- Inspects facilities and equipment and inventories building contents to document damage and determine repair needs.
- Assembles and analyzes construction and vendor service contract bids.
- Confers with legal authority to ensure transactions and terminations of contracts and agreements are in accordance with court orders, laws, and regulations.
- Maintains contact with insurance carrier, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
- Prepares reports summarizing financial and operational status of property or facility.
- Meets with prospective leasers to show property, explain terms of occupancy, and provide information about local area.
