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The differences between property management specialists and regional 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 property management specialist and a regional property manager. Additionally, a regional property manager has an average salary of $79,788, 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 regional property manager are property management, portfolio, and customer service.
| Property Management Specialist | Regional Property Manager | |
| Yearly salary | $45,835 | $79,788 |
| Hourly rate | $22.04 | $38.36 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,282 | 35,266 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 63% |
| 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.
A regional property manager is in charge of overseeing the maintenance and operations of commercial and residential properties in a particular area, ensuring efficiency and smooth workflow. Their responsibilities include setting goals and objectives, coordinating with staff, managing budgets and schedules, producing progress reports and presentations for the executives, and resolving issues promptly and efficiently. Furthermore, a regional property manager spearheads the efforts put into advertising properties for potential clients, approving applications, and terminating leases, all while implementing the company's policies and regulations.
Property management specialists and regional property managers have different pay scales, as shown below.
| Property Management Specialist | Regional Property Manager | |
| Average salary | $45,835 | $79,788 |
| Salary range | Between $27,000 And $77,000 | Between $56,000 And $113,000 |
| Highest paying City | San Rafael, CA | New York, NY |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Meta | D.R. Horton |
| Best paying industry | Insurance | Professional |
There are a few differences between a property management specialist and a regional property manager in terms of educational background:
| Property Management Specialist | Regional Property Manager | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 63% |
| 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 regional property managers' demographics:
| Property Management Specialist | Regional Property Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 41.0% Female, 59.0% |
| 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, 9.5% Unknown, 4.2% Hispanic or Latino, 16.2% Asian, 5.5% White, 64.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |