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The differences between real estate management specialists and directors of property management 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 a director of property management. Additionally, a director of property management has an average salary of $97,349, which is higher than the $93,166 average annual salary of a real estate management specialist.
The top three skills for a real estate management specialist include customer service, customer satisfaction and residential real estate. The most important skills for a director of property management are real estate, portfolio, and property management.
| Real Estate Management Specialist | Director Of Property Management | |
| Yearly salary | $93,166 | $97,349 |
| Hourly rate | $44.79 | $46.80 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,675 | 78,020 |
| 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.
A director of property management oversees and directs the property management programs and projects of an organization. They take the lead in identifying and meeting the needs of different facilities, researching client and business opportunities, gathering and analyzing data from annual and monthly reports, coordinating with suppliers and contractors, and making significant decisions. They also participate in managing tenants, overseeing marketing procedures, and solving issues when any arise. Moreover, a director of property management sets goals, establishes timelines and guidelines, empowers employees, and implements company standards and policies.
Real estate management specialists and directors of property management have different pay scales, as shown below.
| Real Estate Management Specialist | Director Of Property Management | |
| Average salary | $93,166 | $97,349 |
| Salary range | Between $66,000 And $130,000 | Between $62,000 And $151,000 |
| Highest paying City | Baltimore, MD | San Francisco, CA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Brookfield Properties | |
| Best paying industry | Finance | - |
There are a few differences between a real estate management specialist and a director of property management in terms of educational background:
| Real Estate Management Specialist | Director Of Property Management | |
| 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 directors of property management' demographics:
| Real Estate Management Specialist | Director Of Property Management | |
| Average age | 48 | 48 |
| Gender ratio | Male, 46.2% Female, 53.8% | Male, 57.9% Female, 42.1% |
| 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, 8.5% 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% |