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The differences between real estate developers 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 real estate developer and a property management specialist. Additionally, a real estate developer has an average salary of $93,510, which is higher than the $45,835 average annual salary of a property management specialist.
The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a property management specialist are property management, customer service, and real estate.
| Real Estate Developer | Property Management Specialist | |
| Yearly salary | $93,510 | $45,835 |
| Hourly rate | $44.96 | $22.04 |
| Growth rate | 3% | 3% |
| Number of jobs | 87,865 | 74,282 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 57% |
| 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 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.
Real estate developers and property management specialists have different pay scales, as shown below.
| Real Estate Developer | Property Management Specialist | |
| Average salary | $93,510 | $45,835 |
| Salary range | Between $66,000 And $131,000 | Between $27,000 And $77,000 |
| Highest paying City | Catonsville, MD | San Rafael, CA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | RSM US | Meta |
| Best paying industry | Media | Insurance |
There are a few differences between a real estate developer and a property management specialist in terms of educational background:
| Real Estate Developer | Property Management Specialist | |
| Most common degree | Bachelor's Degree, 71% | 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 real estate developers' and property management specialists' demographics:
| Real Estate Developer | Property Management Specialist | |
| Average age | 48 | 48 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 50.7% Female, 49.3% |
| 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, 8.8% 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% |