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Community association manager vs real estate manager

The differences between community association managers and real estate 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 community association manager and a real estate manager. Additionally, a real estate manager has an average salary of $86,874, which is higher than the $57,602 average annual salary of a community association manager.

The top three skills for a community association manager include customer service, property management and cam. The most important skills for a real estate manager are financial analysis, property management, and project management.

Community association manager vs real estate manager overview

Community Association ManagerReal Estate Manager
Yearly salary$57,602$86,874
Hourly rate$27.69$41.77
Growth rate3%3%
Number of jobs20,73824,751
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 69%
Average age4848
Years of experience66

What does a community association manager do?

Community association managers are responsible for managing the common property and services of condominiums, organized communities, and cooperatives. Their tasks include preparing financial statements and budgets, collecting monthly assessments, negotiating with contractors, and assist in solving complaints. Also, they communicate daily with homeowners and other residents and supervise the maintenance of properties and facilities. Additionally, they help the board and homeowners in observing with the association and the government laws and regulations, administer the association's budget and financial records, and solve legal issues or disputes.

What does a real estate manager do?

A Real Estate Manager manages the financial aspects of a property. They collect rent and prepare and maintain financial statements. Real Estate Managers also inform owners about occupancy rates, expiration dates of leases, and other issues.

Community association manager vs real estate manager salary

Community association managers and real estate managers have different pay scales, as shown below.

Community Association ManagerReal Estate Manager
Average salary$57,602$86,874
Salary rangeBetween $35,000 And $92,000Between $58,000 And $129,000
Highest paying CityHartford, CTHartford, CT
Highest paying stateConnecticutConnecticut
Best paying companyU.S. BankMcKinsey & Company Inc
Best paying industryStart-upFinance

Differences between community association manager and real estate manager education

There are a few differences between a community association manager and a real estate manager in terms of educational background:

Community Association ManagerReal Estate Manager
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Community association manager vs real estate manager demographics

Here are the differences between community association managers' and real estate managers' demographics:

Community Association ManagerReal Estate Manager
Average age4848
Gender ratioMale, 38.7% Female, 61.3%Male, 59.2% Female, 40.8%
Race ratioBlack or African American, 8.4% Unknown, 4.1% Hispanic or Latino, 17.2% Asian, 5.2% White, 64.5% American Indian and Alaska Native, 0.6%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%
LGBT Percentage12%12%

Differences between community association manager and real estate manager duties and responsibilities

Community association manager example responsibilities.

  • Manage numerous capital improvements, including elevator modernization and HVAC upgrades, delivering projects on time and in budget.
  • Manage segment's treasury function including equity forecasting and investment requests as well as lender relations in a difficult banking environment.
  • Process payroll tax payments and payroll-relate IRS forms.
  • Process checks for payment and process bi-weekly payroll.
  • Attend several training programs and create the accounting system in Quickbooks for association.
  • Maintain all accounts QuickBooks proficient, confident phone demeanor/presence and take charge of a collection position.
    • Show more

Real estate manager example responsibilities.

  • Manage the submittal of all require documents for construction NTP.
  • Lead SEO efforts for primary corporate site, improving organic and paid traffic.
  • Coordinate and manage the NEPA, SHPO, FAA and FCC approval process.
  • Manage $20M budget and all fiscal functions including payroll, A/R, and A/P.
  • Manage and own the entire process from issue of RFDS to obtaining NTP from tower owner.
  • Manage leasing process of market price, tax credit, public housing programs as well as HUD apartments.
    • Show more

Community association manager vs real estate manager skills

Common community association manager skills
  • Customer Service, 16%
  • Property Management, 12%
  • Cam, 7%
  • HOA, 6%
  • Meeting Minutes, 5%
  • Provide Management, 5%
Common real estate manager skills
  • Financial Analysis, 10%
  • Property Management, 10%
  • Project Management, 8%
  • Oversight, 6%
  • Due Diligence, 6%
  • Customer Service, 6%

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Updated January 8, 2025

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