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The differences between property managers and resident 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 resident manager. Additionally, a resident manager has an average salary of $50,811, 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 resident manager are resident care, CPR, and medication administration.
| Property Manager | Resident Manager | |
| Yearly salary | $49,958 | $50,811 |
| Hourly rate | $24.02 | $24.43 |
| Growth rate | 3% | 3% |
| Number of jobs | 15,402 | 17,468 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 48% |
| 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 resident manager's role focuses on maintaining and supervising residential and rental properties, even hotels. Typically an in-house employee, it is a resident manager's responsibility to oversee all maintenance operations to ensure that the property is at optimal condition, assess staff's performance, prepare and manage budgets, and produce progress reports for the company or property owner. They mostly respond to inquiries from guests or tenants, even processing payments when necessary. Moreover, a resident manager may address issues and concerns, providing corrective measures while adhering to the policies and standards.
Property managers and resident managers have different pay scales, as shown below.
| Property Manager | Resident Manager | |
| Average salary | $49,958 | $50,811 |
| Salary range | Between $34,000 And $72,000 | Between $31,000 And $82,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Nokia | Westinghouse Appliances Australia |
| Best paying industry | Professional | Internet |
There are a few differences between a property manager and a resident manager in terms of educational background:
| Property Manager | Resident Manager | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between property managers' and resident managers' demographics:
| Property Manager | Resident Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 39.6% Female, 60.4% |
| 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, 17.2% Asian, 5.2% White, 64.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |