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The differences between property managers and leasing 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 manager and a leasing manager. Additionally, a property manager has an average salary of $49,958, which is higher than the $47,633 average annual salary of a leasing manager.
The top three skills for a property manager include customer service, property management and financial reports. The most important skills for a leasing manager are customer service, resident retention, and real estate.
| Property Manager | Leasing Manager | |
| Yearly salary | $49,958 | $47,633 |
| Hourly rate | $24.02 | $22.90 |
| Growth rate | 3% | 3% |
| Number of jobs | 15,402 | 16,376 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 60% |
| 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 leasing manager is responsible for processing the lease requirements of multiple properties for potential renters and ensuring that all documents are filed accurately, following the standards of property management and clients' qualifications. Leasing managers develop marketing campaigns to advertise leasing properties through media relations and posting on social media platforms. They respond to the potential renters' inquiries and concerns, negotiate contract agreements, inspect the property's location for safety and security, and conduct regular reviews of monetary requirements.
Property managers and leasing managers have different pay scales, as shown below.
| Property Manager | Leasing Manager | |
| Average salary | $49,958 | $47,633 |
| Salary range | Between $34,000 And $72,000 | Between $30,000 And $75,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Nokia | Meta |
| Best paying industry | Professional | Finance |
There are a few differences between a property manager and a leasing manager in terms of educational background:
| Property Manager | Leasing Manager | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between property managers' and leasing managers' demographics:
| Property Manager | Leasing Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 38.2% Female, 61.8% |
| 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, 8.4% Unknown, 4.1% Hispanic or Latino, 17.3% Asian, 5.2% White, 64.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |