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The differences between property managers and owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a property manager, becoming an owner takes usually requires More than 10 years. Additionally, an owner has an average salary of $90,334, 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 an owner are customer service, payroll, and financial statements.
| Property Manager | Owner | |
| Yearly salary | $49,958 | $90,334 |
| Hourly rate | $24.02 | $43.43 |
| Growth rate | 3% | 6% |
| Number of jobs | 15,402 | 86,486 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 52% |
| Average age | 48 | 52 |
| Years of experience | 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.
Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.
Property managers and owners have different pay scales, as shown below.
| Property Manager | Owner | |
| Average salary | $49,958 | $90,334 |
| Salary range | Between $34,000 And $72,000 | Between $60,000 And $135,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Nokia | BP America Inc |
| Best paying industry | Professional | - |
There are a few differences between a property manager and an owner in terms of educational background:
| Property Manager | Owner | |
| 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 Pennsylvania |
Here are the differences between property managers' and owners' demographics:
| Property Manager | Owner | |
| Average age | 48 | 52 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 63.1% Female, 36.9% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |