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Condominium association property manager vs real estate manager

The differences between condominium association property 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 condominium association property manager and a real estate manager. Additionally, a real estate manager has an average salary of $86,874, which is higher than the $47,415 average annual salary of a condominium association property manager.

The top three skills for a condominium association property manager include association rules, and . The most important skills for a real estate manager are financial analysis, property management, and project management.

Condominium association property manager vs real estate manager overview

Condominium Association Property ManagerReal Estate Manager
Yearly salary$47,415$86,874
Hourly rate$22.80$41.77
Growth rate3%3%
Number of jobs9,31624,751
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 69%
Average age4848
Years of experience66

Condominium association property manager vs real estate manager salary

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

Condominium Association Property ManagerReal Estate Manager
Average salary$47,415$86,874
Salary rangeBetween $29,000 And $76,000Between $58,000 And $129,000
Highest paying City-Hartford, CT
Highest paying state-Connecticut
Best paying company-McKinsey & Company Inc
Best paying industry-Finance

Differences between condominium association property manager and real estate manager education

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

Condominium Association Property ManagerReal Estate Manager
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Condominium association property manager vs real estate manager demographics

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

Condominium Association Property ManagerReal Estate Manager
Average age4848
Gender ratioMale, 52.9% Female, 47.1%Male, 59.2% Female, 40.8%
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, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between condominium association property manager and real estate manager duties and responsibilities

Condominium association property manager example responsibilities.

  • Manage single family homes, condominiums, commercial condominiums, and mix use properties.
  • Supervise and oversee all tenant/Landlord development/redevelopment work/budgets within designate portfolio.
  • Supervise and oversee all tenant/Landlord development/redevelopment work/budgets within designate portfolio.

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

Condominium association property manager vs real estate manager skills

Common condominium association property manager skills
  • Association Rules, 100%
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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