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Condominium association manager vs property manager

The differences between condominium association managers and property 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 condominium association manager and a property manager. Additionally, a condominium association manager has an average salary of $88,269, which is higher than the $49,958 average annual salary of a property manager.

The top three skills for a condominium association manager include association rules, property inspections and budget preparation. The most important skills for a property manager are customer service, property management, and financial reports.

Condominium association manager vs property manager overview

Condominium Association ManagerProperty Manager
Yearly salary$88,269$49,958
Hourly rate$42.44$24.02
Growth rate3%3%
Number of jobs5,53915,402
Job satisfaction-5
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 50%
Average age4848
Years of experience66

Condominium association manager vs property manager salary

Condominium association managers and property managers have different pay scales, as shown below.

Condominium Association ManagerProperty Manager
Average salary$88,269$49,958
Salary rangeBetween $61,000 And $126,000Between $34,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New Jersey
Best paying company-Nokia
Best paying industry-Professional

Differences between condominium association manager and property manager education

There are a few differences between a condominium association manager and a property manager in terms of educational background:

Condominium Association ManagerProperty Manager
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Condominium association manager vs property manager demographics

Here are the differences between condominium association managers' and property managers' demographics:

Condominium Association ManagerProperty Manager
Average age4848
Gender ratioMale, 35.0% Female, 65.0%Male, 38.1% Female, 61.9%
Race ratioBlack or African American, 6.3% Unknown, 4.0% Hispanic or Latino, 12.3% Asian, 4.6% White, 72.3% American Indian and Alaska Native, 0.6%Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.3% White, 63.9% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between condominium association manager and property manager duties and responsibilities

Condominium association manager example responsibilities.

  • Manage consistent method of collection activities for every client portfolio, ensuring timely payment collections.
  • Manage consistent method of collection activities for every client portfolio, ensuring timely payment collections.
  • Reinforce Homeowner/Condominium documents and rules and regulations as per association.

Property manager example responsibilities.

  • Manage condominiums for individual investors; enforce lease requirements/community policies.
  • Design and manage all company facebook accounts for residents and prospective residents regarding property information and general interest articles.
  • Update resident and unit information utilizing property management software (OneSite )
  • Maintain OSHA files, employee files, payroll files and staff PTO accruals.
  • Record journal entries for accruals.
  • Process applications and coordinate lease signing with new residents in YARDI.
  • Show more

Condominium association manager vs property manager skills

Common condominium association manager skills
  • Association Rules, 51%
  • Property Inspections, 40%
  • Budget Preparation, 7%
  • HOA, 2%
Common property manager skills
  • Customer Service, 15%
  • Property Management, 14%
  • Financial Reports, 7%
  • Real Estate, 6%
  • Yardi, 6%
  • Resident Retention, 3%

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