Landlord vs resident manager

The differences between landlords 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 landlord and a resident manager. Additionally, a resident manager has an average salary of $50,811, which is higher than the $42,853 average annual salary of a landlord.

The top three skills for a landlord include general maintenance, customer complaints and background checks. The most important skills for a resident manager are resident care, CPR, and medication administration.

Landlord vs resident manager overview

	Landlord	Resident Manager
Yearly salary	$42,853	$50,811
Hourly rate	$20.60	$24.43
Growth rate	3%	3%
Number of jobs	2,250	17,468
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 50%	Bachelor's Degree, 48%
Average age	48	48
Years of experience	6	6

Landlord vs resident manager salary

Landlords and resident managers have different pay scales, as shown below.

	Landlord	Resident Manager
Average salary	$42,853	$50,811
Salary range	Between $26,000 And $68,000	Between $31,000 And $82,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Westinghouse Appliances Australia
Best paying industry	-	Internet

Differences between landlord and resident manager education

There are a few differences between a landlord and a resident manager in terms of educational background:

	Landlord	Resident Manager
Most common degree	Bachelor's Degree, 50%	Bachelor's Degree, 48%
Most common major	Business	Business
Most common college	University of Southern California	University of Southern California

Landlord vs resident manager demographics

Here are the differences between landlords' and resident managers' demographics:

	Landlord	Resident Manager
Average age	48	48
Gender ratio	Male, 55.7% Female, 44.3%	Male, 39.6% Female, 60.4%
Race ratio	Black or African American, 8.8% Unknown, 4.1% Hispanic or Latino, 16.6% Asian, 5.3% White, 64.5% 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%

Differences between landlord and resident manager duties and responsibilities

Landlord example responsibilities.

Manage condominiums for individual investors; enforce lease requirements/community policies.
Screen tenants, collect deposit, monthly rent, deposits, maintenance up keep, and court proceedings for evictions.
Structure payment plans for rent arrears and negotiate settlements with bank and opposing counsel to prevent evictions and improve living conditions.
Conduct maintenance by contracting with service providers such as HVAC, plumbing, and handymen that are necessary for daily operations.
Interview and process potential rental applicants as well as annual and interim re-certifications for current tenants per HUD regulations.
Create LLC to buy and hold properties for rental, or to buy, rehab and sell properties.

Resident manager example responsibilities.

Achieve low turnover and evictions by instituting consistent move-in compliance criteria.
Manage resident and facility accounts, budgets, social security applications, and Medicare and Medicaid benefits.
Monitor and maintain patient charts including, MDS per state, federal regulations along with facility policies and procedures.
Maintain and review incident reports and take appropriate actions according to department policy and OPWDD regulations.
Experience in Onesite system software.
Collect and post rent into YARDI.

Landlord vs resident manager skills

Common landlord skills

General Maintenance, 42%
Customer Complaints, 7%
Background Checks, 6%
Real Estate, 6%
Rent Payments, 5%
Conflict Resolution, 5%

Common resident manager skills

Resident Care, 10%
CPR, 8%
Medication Administration, 7%
Developmental Disabilities, 6%
Crisis Intervention, 5%
Property Management, 5%