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The differences between property management specialists 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 property management specialist and a resident manager. Additionally, a resident manager has an average salary of $50,811, 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 resident manager are resident care, CPR, and medication administration.
| Property Management Specialist | Resident Manager | |
| Yearly salary | $45,835 | $50,811 |
| Hourly rate | $22.04 | $24.43 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,282 | 17,468 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 48% |
| 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 resident manager's role focuses on maintaining and supervising residential and rental properties, even hotels. Typically an in-house employee, it is a resident manager's responsibility to oversee all maintenance operations to ensure that the property is at optimal condition, assess staff's performance, prepare and manage budgets, and produce progress reports for the company or property owner. They mostly respond to inquiries from guests or tenants, even processing payments when necessary. Moreover, a resident manager may address issues and concerns, providing corrective measures while adhering to the policies and standards.
Property management specialists and resident managers have different pay scales, as shown below.
| Property Management Specialist | Resident Manager | |
| Average salary | $45,835 | $50,811 |
| Salary range | Between $27,000 And $77,000 | Between $31,000 And $82,000 |
| Highest paying City | San Rafael, CA | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Meta | Westinghouse Appliances Australia |
| Best paying industry | Insurance | Internet |
There are a few differences between a property management specialist and a resident manager in terms of educational background:
| Property Management Specialist | Resident Manager | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 48% |
| 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 resident managers' demographics:
| Property Management Specialist | Resident Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 39.6% Female, 60.4% |
| 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, 8.4% 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% |