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The differences between property management specialists and building 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 property management specialist and a building manager. Additionally, a building manager has an average salary of $66,595, which is higher than the $45,835 average annual salary of a property management specialist.
The top three skills for a property management specialist include property management, customer service and real estate. The most important skills for a building manager are building maintenance, emergency situations, and HVAC.
| Property Management Specialist | Building Manager | |
| Yearly salary | $45,835 | $66,595 |
| Hourly rate | $22.04 | $32.02 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,282 | 15,982 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 67% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
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.
Building managers are executives who oversee the maintenance and safety of properties and make sure that these properties comply with the organization's goals. The managers coordinate and manage the safety, security, and maintenance of the general building. They are tasked to supervise janitorial staff in cleaning the building. It is their responsibility to keep organized and clear records related to security issues and occupant complaints. They should be equipped with organizational skills, attention to detail, and communication skills.
Property management specialists and building managers have different pay scales, as shown below.
| Property Management Specialist | Building Manager | |
| Average salary | $45,835 | $66,595 |
| Salary range | Between $27,000 And $77,000 | Between $37,000 And $117,000 |
| Highest paying City | San Rafael, CA | Cambridge, MA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Meta | Apple |
| Best paying industry | Insurance | Real Estate |
There are a few differences between a property management specialist and a building manager in terms of educational background:
| Property Management Specialist | Building Manager | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between property management specialists' and building managers' demographics:
| Property Management Specialist | Building Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 65.9% Female, 34.1% |
| Race ratio | 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% | Black or African American, 8.6% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 5.3% White, 63.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |