Post job

Real estate firm manager vs property manager

The differences between real estate firm managers 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 firm manager and a property manager. Additionally, a real estate firm manager has an average salary of $84,984, which is higher than the $49,958 average annual salary of a property manager.

The top three skills for a real estate firm manager include real estate, and . The most important skills for a property manager are customer service, property management, and financial reports.

Real estate firm manager vs property manager overview

Real Estate Firm ManagerProperty Manager
Yearly salary$84,984$49,958
Hourly rate$40.86$24.02
Growth rate3%3%
Number of jobs12,56715,402
Job satisfaction-5
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 50%
Average age4848
Years of experience66

Real estate firm manager vs property manager salary

Real estate firm managers and property managers have different pay scales, as shown below.

Real Estate Firm ManagerProperty Manager
Average salary$84,984$49,958
Salary rangeBetween $61,000 And $116,000Between $34,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New Jersey
Best paying company-Nokia
Best paying industry-Professional

Differences between real estate firm manager and property manager education

There are a few differences between a real estate firm manager and a property manager in terms of educational background:

Real Estate Firm ManagerProperty Manager
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Real estate firm manager vs property manager demographics

Here are the differences between real estate firm managers' and property managers' demographics:

Real Estate Firm ManagerProperty Manager
Average age4848
Gender ratioMale, 56.0% Female, 44.0%Male, 38.1% Female, 61.9%
Race ratioBlack or African American, 6.3% Unknown, 4.0% Hispanic or Latino, 12.3% Asian, 4.6% White, 72.3% 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 Percentage12%12%

Differences between real estate firm manager and property manager duties and responsibilities

Real estate firm manager example responsibilities.

  • Manage segment's treasury function including equity forecasting and investment requests as well as lender relations in a difficult banking environment.
  • Provide administrative management of a portfolio of assign commercial real estate loans in accordance with credit policy requirements for risk management.
  • Assist with the preparation of quarterly and year-end tax, cash, RPIE and GAAP reporting.
  • Prepare legal description necessary for property conveyance indicating any encumbrances affecting the property.

Property manager example responsibilities.

  • Manage condominiums for individual investors; enforce lease requirements/community policies.
  • Design and manage all company facebook accounts for residents and prospective residents regarding property information and general interest articles.
  • Update resident and unit information utilizing property management software (OneSite )
  • Maintain OSHA files, employee files, payroll files and staff PTO accruals.
  • Record journal entries for accruals.
  • Process applications and coordinate lease signing with new residents in YARDI.
  • Show more

Real estate firm manager vs property manager skills

Common real estate firm manager skills
  • Real Estate, 100%
Common property manager skills
  • Customer Service, 15%
  • Property Management, 14%
  • Financial Reports, 7%
  • Real Estate, 6%
  • Yardi, 6%
  • Resident Retention, 3%

Browse executive management jobs