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The differences between commercial property managers and resident managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a commercial property manager and a resident manager. Additionally, a commercial property manager has an average salary of $61,361, which is higher than the $50,811 average annual salary of a resident manager.
The top three skills for a commercial property manager include property management, real estate and portfolio. The most important skills for a resident manager are resident care, CPR, and medication administration.
| Commercial Property Manager | Resident Manager | |
| Yearly salary | $61,361 | $50,811 |
| Hourly rate | $29.50 | $24.43 |
| Growth rate | 3% | 3% |
| Number of jobs | 42,369 | 17,468 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 48% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A commercial property manager is primarily in charge of overseeing the daily operations at commercial properties. They manage all leasing activities and serve as the tenants' point of contact. Their responsibilities include preparing and processing documents, answering inquiries and correspondence, supervising the property staff, and developing strategies to optimize operations. There are also instances where they must collect and process payments. Furthermore, as a manager, it is their duty to handle issues and concerns, resolving them promptly and efficiently.
A resident manager's role focuses on maintaining and supervising residential and rental properties, even hotels. Typically an in-house employee, it is a resident manager's responsibility to oversee all maintenance operations to ensure that the property is at optimal condition, assess staff's performance, prepare and manage budgets, and produce progress reports for the company or property owner. They mostly respond to inquiries from guests or tenants, even processing payments when necessary. Moreover, a resident manager may address issues and concerns, providing corrective measures while adhering to the policies and standards.
Commercial property managers and resident managers have different pay scales, as shown below.
| Commercial Property Manager | Resident Manager | |
| Average salary | $61,361 | $50,811 |
| Salary range | Between $36,000 And $103,000 | Between $31,000 And $82,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Western Alliance Bank | Westinghouse Appliances Australia |
| Best paying industry | Non Profits | Internet |
There are a few differences between a commercial property manager and a resident manager in terms of educational background:
| Commercial Property Manager | Resident Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between commercial property managers' and resident managers' demographics:
| Commercial Property Manager | Resident Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 39.8% Female, 60.2% | Male, 39.6% Female, 60.4% |
| Race ratio | Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6% | Black or African American, 8.4% Unknown, 4.1% Hispanic or Latino, 17.2% Asian, 5.2% White, 64.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |