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The differences between property managers and directors of property management 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 manager and a director of property management. Additionally, a director of property management has an average salary of $97,349, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a property manager include customer service, property management and financial reports. The most important skills for a director of property management are real estate, portfolio, and property management.
| Property Manager | Director Of Property Management | |
| Yearly salary | $49,958 | $97,349 |
| Hourly rate | $24.02 | $46.80 |
| Growth rate | 3% | 3% |
| Number of jobs | 15,402 | 78,020 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 52% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
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.
A director of property management oversees and directs the property management programs and projects of an organization. They take the lead in identifying and meeting the needs of different facilities, researching client and business opportunities, gathering and analyzing data from annual and monthly reports, coordinating with suppliers and contractors, and making significant decisions. They also participate in managing tenants, overseeing marketing procedures, and solving issues when any arise. Moreover, a director of property management sets goals, establishes timelines and guidelines, empowers employees, and implements company standards and policies.
Property managers and directors of property management have different pay scales, as shown below.
| Property Manager | Director Of Property Management | |
| Average salary | $49,958 | $97,349 |
| Salary range | Between $34,000 And $72,000 | Between $62,000 And $151,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Nokia | Brookfield Properties |
| Best paying industry | Professional | - |
There are a few differences between a property manager and a director of property management in terms of educational background:
| Property Manager | Director Of Property Management | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between property managers' and directors of property management' demographics:
| Property Manager | Director Of Property Management | |
| Average age | 48 | 48 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 57.9% Female, 42.1% |
| Race ratio | 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% | 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% |