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The differences between real estate developers and property administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a real estate developer and a property administrator. Additionally, a real estate developer has an average salary of $93,510, which is higher than the $39,619 average annual salary of a property administrator.
The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a property administrator are property management, customer service, and office equipment.
| Real Estate Developer | Property Administrator | |
| Yearly salary | $93,510 | $39,619 |
| Hourly rate | $44.96 | $19.05 |
| Growth rate | 3% | 3% |
| Number of jobs | 87,865 | 56,820 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 60% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A real estate developer obtains and develops land, turning it into a real estate asset. Part of their job is to conduct extensive research and analyses, coordinate with experts, gather and analyze data, negotiate with land sellers, and prepare properties for development. They also oversee construction operations from planning to execution, set budgets and guidelines, establish timelines and objectives, generate leads for potential clients, and maintain an active communication line with contractors for a smooth and efficient workflow.
A property administrator is responsible for performing administrative and clerical duties for real estate and property companies. Property administrators coordinate with prospective clients to inform them about the property and offers tours to give a better view of the location. They assist in preparing contracts, processing documents, administering payments, and resolving rent discrepancies. A property administrator also handles calls for regular maintenance of the property, ensuring the safety and security of the premises and negotiating maintenance services with contractors.
Real estate developers and property administrators have different pay scales, as shown below.
| Real Estate Developer | Property Administrator | |
| Average salary | $93,510 | $39,619 |
| Salary range | Between $66,000 And $131,000 | Between $27,000 And $57,000 |
| Highest paying City | Catonsville, MD | Bellevue, WA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | RSM US | BGC Partners |
| Best paying industry | Media | Real Estate |
There are a few differences between a real estate developer and a property administrator in terms of educational background:
| Real Estate Developer | Property Administrator | |
| Most common degree | Bachelor's Degree, 71% | 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 real estate developers' and property administrators' demographics:
| Real Estate Developer | Property Administrator | |
| Average age | 48 | 48 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 30.5% Female, 69.5% |
| Race ratio | Black or African American, 9.1% Unknown, 4.2% Hispanic or Latino, 17.0% Asian, 5.4% White, 63.8% 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, 64.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |