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The differences between property managers and property management specialists 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 property management specialist. Additionally, a property manager has an average salary of $49,958, which is higher than the $45,835 average annual salary of a property management specialist.
The top three skills for a property manager include customer service, property management and financial reports. The most important skills for a property management specialist are property management, customer service, and real estate.
| Property Manager | Property Management Specialist | |
| Yearly salary | $49,958 | $45,835 |
| Hourly rate | $24.02 | $22.04 |
| Growth rate | 3% | 3% |
| Number of jobs | 15,402 | 74,282 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 57% |
| 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 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.
Property managers and property management specialists have different pay scales, as shown below.
| Property Manager | Property Management Specialist | |
| Average salary | $49,958 | $45,835 |
| Salary range | Between $34,000 And $72,000 | Between $27,000 And $77,000 |
| Highest paying City | New York, NY | San Rafael, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Nokia | Meta |
| Best paying industry | Professional | Insurance |
There are a few differences between a property manager and a property management specialist in terms of educational background:
| Property Manager | Property Management Specialist | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between property managers' and property management specialists' demographics:
| Property Manager | Property Management Specialist | |
| Average age | 48 | 48 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 50.7% Female, 49.3% |
| 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, 8.8% Unknown, 4.1% Hispanic or Latino, 16.9% Asian, 5.3% White, 64.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |