What Property, Real Estate, and Community Association Managers Do
Property, real estate, and community association managers take care of the many aspects of residential, commercial, or industrial properties. They make sure the property is well maintained, has a nice appearance, and preserves its resale or leasing value.
Most property, real estate, and community association managers work out of an office. However, many onsite managers spend a large part of their workday doing tasks away from the office, such as showing apartments, inspecting the grounds, or meeting with owners. About 2 in 5 were self-employed in 2014.
How to Become a Property, Real Estate, or Community Association Manager
Although many employers prefer to hire college graduates, a high school diploma is enough for some introductory management positions. Some managers receive vocational training. Other managers must have a real estate license.
Employment of property, real estate, and community association managers is projected to grow 8 percent from 2014 to 2024, about as fast as the average for all occupations. Job opportunities should be best for those with a college degree in business administration or real estate and for those who obtain professional credentials.
This occupation supported 297,000 jobs in 2012 and 313,800 jobs in 2014, reflecting an increase of 5.7%. In 2012, this occupation was projected to increase by 11.8% in 2022 to 332,000 jobs. As of 2014, to keep pace with prediction, the expected number of jobs was 304,000, compared with an observed value of 313,800, 3.2% higher than expected. This indicates current employment trends are better than the 2012 trend within this occupation. In 2014, this occupation was projected to increase by 8.5% in 2024 to 339,100 jobs. Linear extrapolation of the 2012 projection for 2022 results in an expected number of 339,000 jobs for 2024, 0.0% lower than the 2014 projection for 2024. This indicates expectations for future employment trends are about on track with the 2012 trend within this occupation.