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The differences between lease administrators 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 lease administrator and a property manager. Additionally, a lease administrator has an average salary of $54,245, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a lease administrator include lease management, property management and landlords. The most important skills for a property manager are customer service, property management, and financial reports.
| Lease Administrator | Property Manager | |
| Yearly salary | $54,245 | $49,958 |
| Hourly rate | $26.08 | $24.02 |
| Growth rate | 3% | 3% |
| Number of jobs | 51,539 | 15,402 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 50% |
| 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.
Property managers are responsible for overseeing the real estate properties of their clients. They manage property rentals and leasing and ensure that the terms on these rentals are by what the owner is amenable to. Property managers act as the representative of their client during negotiations and deals. They also set rental prices and other finance-related items since they are familiar with how the market looks. Besides dealing with financial matters, they also manage administrative matters such as enforcing rules and policies, crafting reports, managing contractors, and drafting related documents.
Lease administrators and property managers have different pay scales, as shown below.
| Lease Administrator | Property Manager | |
| Average salary | $54,245 | $49,958 |
| Salary range | Between $42,000 And $69,000 | Between $34,000 And $72,000 |
| Highest paying City | Baltimore, MD | New York, NY |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Ross Stores | Nokia |
| Best paying industry | Hospitality | Professional |
There are a few differences between a lease administrator and a property manager in terms of educational background:
| Lease Administrator | Property Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 50% |
| 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 managers' demographics:
| Lease Administrator | Property Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 21.0% Female, 79.0% | Male, 38.1% Female, 61.9% |
| 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, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.3% White, 63.9% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |