Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between property managers and regional property 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 regional property manager. Additionally, a regional property manager has an average salary of $79,788, 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 regional property manager are property management, portfolio, and customer service.
| Property Manager | Regional Property Manager | |
| Yearly salary | $49,958 | $79,788 |
| Hourly rate | $24.02 | $38.36 |
| Growth rate | 3% | 3% |
| Number of jobs | 15,402 | 35,266 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 63% |
| 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 regional property manager is in charge of overseeing the maintenance and operations of commercial and residential properties in a particular area, ensuring efficiency and smooth workflow. Their responsibilities include setting goals and objectives, coordinating with staff, managing budgets and schedules, producing progress reports and presentations for the executives, and resolving issues promptly and efficiently. Furthermore, a regional property manager spearheads the efforts put into advertising properties for potential clients, approving applications, and terminating leases, all while implementing the company's policies and regulations.
Property managers and regional property managers have different pay scales, as shown below.
| Property Manager | Regional Property Manager | |
| Average salary | $49,958 | $79,788 |
| Salary range | Between $34,000 And $72,000 | Between $56,000 And $113,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Nokia | D.R. Horton |
| Best paying industry | Professional | Professional |
There are a few differences between a property manager and a regional property manager in terms of educational background:
| Property Manager | Regional Property Manager | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between property managers' and regional property managers' demographics:
| Property Manager | Regional Property Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 41.0% Female, 59.0% |
| 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, 9.5% Unknown, 4.2% Hispanic or Latino, 16.2% Asian, 5.5% White, 64.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |