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The differences between lease administrators and property management specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a lease administrator and a property management specialist. Additionally, a lease administrator has an average salary of $54,245, which is higher than the $45,835 average annual salary of a property management specialist.
The top three skills for a lease administrator include lease management, property management and landlords. The most important skills for a property management specialist are property management, customer service, and real estate.
| Lease Administrator | Property Management Specialist | |
| Yearly salary | $54,245 | $45,835 |
| Hourly rate | $26.08 | $22.04 |
| Growth rate | 3% | 3% |
| Number of jobs | 51,539 | 74,282 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 57% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A Lease Administrator is responsible for processing lease documents and managing the property requirements. They monitor the business and financial transactions for lease properties, inspect the facilities' conditions, and identify areas that would need renovations. They also reach out to potential clients, create marketing and promotional campaigns, and ensure that all the bills are posted accurately on the database. A Lease Administrator performs clerical and administrative duties as needed, requiring them to have excellent communication and organizational skills, especially in interacting with customers and property owners.
A property management specialist is responsible for managing the contracts and leasing opportunities for residential and commercial properties to potential tenants. Property management specialists evaluate the value of the properties according to market performance and determine the eligibility of tenant applicants in acquiring the property. They also inspect the condition of the property's overall facilities to identify possible repairs and renovations to ensure the safety and security of the tenants. A property management specialist must have excellent communication and organizational skills, especially in processing documents and organizing billing reports.
Lease administrators and property management specialists have different pay scales, as shown below.
| Lease Administrator | Property Management Specialist | |
| Average salary | $54,245 | $45,835 |
| Salary range | Between $42,000 And $69,000 | Between $27,000 And $77,000 |
| Highest paying City | Baltimore, MD | San Rafael, CA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Ross Stores | Meta |
| Best paying industry | Hospitality | Insurance |
There are a few differences between a lease administrator and a property management specialist in terms of educational background:
| Lease Administrator | Property Management Specialist | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between lease administrators' and property management specialists' demographics:
| Lease Administrator | Property Management Specialist | |
| Average age | 48 | 48 |
| Gender ratio | Male, 21.0% Female, 79.0% | Male, 50.7% Female, 49.3% |
| Race ratio | Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.2% White, 63.9% American Indian and Alaska Native, 0.6% | Black or African American, 8.8% Unknown, 4.1% Hispanic or Latino, 16.9% Asian, 5.3% White, 64.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |