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The differences between real estate developers and 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 real estate developer and a property manager. Additionally, a real estate developer has an average salary of $93,510, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a property manager are customer service, property management, and financial reports.
| Real Estate Developer | Property Manager | |
| Yearly salary | $93,510 | $49,958 |
| Hourly rate | $44.96 | $24.02 |
| Growth rate | 3% | 3% |
| Number of jobs | 87,865 | 15,402 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 50% |
| 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.
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.
Real estate developers and property managers have different pay scales, as shown below.
| Real Estate Developer | Property Manager | |
| Average salary | $93,510 | $49,958 |
| Salary range | Between $66,000 And $131,000 | Between $34,000 And $72,000 |
| Highest paying City | Catonsville, MD | New York, NY |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | RSM US | Nokia |
| Best paying industry | Media | Professional |
There are a few differences between a real estate developer and a property manager in terms of educational background:
| Real Estate Developer | Property Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 50% |
| 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 managers' demographics:
| Real Estate Developer | Property Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 38.1% Female, 61.9% |
| 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, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.3% White, 63.9% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |