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The differences between real estate management specialists and assistant 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 management specialist and an assistant property manager. Additionally, a real estate management specialist has an average salary of $93,166, which is higher than the $44,338 average annual salary of an assistant property manager.
The top three skills for a real estate management specialist include customer service, customer satisfaction and residential real estate. The most important skills for an assistant property manager are customer service, property management, and yardi.
| Real Estate Management Specialist | Assistant Property Manager | |
| Yearly salary | $93,166 | $44,338 |
| Hourly rate | $44.79 | $21.32 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,675 | 13,736 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 52% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A real estate management specialist is in charge of developing strategies to optimize real estate operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around overseeing the real estate operations, supervising staff, devising strategies to reach out to potential tenants, and liaising with contractors and other external parties. They may also participate in conducting risk assessments, evaluating lease applications, performing inspections, and producing progress reports and presentations. Furthermore, as a real estate management specialist, it is essential to coordinate with teams and implement the company's policies and regulations.
An assistant property manager's role is to manage rental properties. One of their primary responsibility is to devise strategies on attracting potential tenants by posting advertisements in various platforms, conducting viewing appointments and tours, responding to inquiries and issues, receiving and gathering applicants' requirements, and evaluating every application. An assistant property anager also has the responsibility of collecting payments, managing the building's maintenance and upkeep, including its units, and coordinating with tenants for any concerns or issues.
Real estate management specialists and assistant property managers have different pay scales, as shown below.
| Real Estate Management Specialist | Assistant Property Manager | |
| Average salary | $93,166 | $44,338 |
| Salary range | Between $66,000 And $130,000 | Between $29,000 And $66,000 |
| Highest paying City | Baltimore, MD | Seattle, WA |
| Highest paying state | Connecticut | Washington |
| Best paying company | Ilitch Holdings | |
| Best paying industry | Finance | Finance |
There are a few differences between a real estate management specialist and an assistant property manager in terms of educational background:
| Real Estate Management Specialist | Assistant Property Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between real estate management specialists' and assistant property managers' demographics:
| Real Estate Management Specialist | Assistant Property Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 46.2% Female, 53.8% | Male, 25.9% Female, 74.1% |
| Race ratio | Black or African American, 8.8% Unknown, 4.1% Hispanic or Latino, 17.1% Asian, 5.3% White, 64.0% American Indian and Alaska Native, 0.6% | Black or African American, 8.4% Unknown, 4.1% Hispanic or Latino, 17.3% Asian, 5.2% White, 64.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |