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The differences between real estate management specialists and property administrators 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 property administrator. Additionally, a real estate management specialist has an average salary of $93,166, which is higher than the $39,619 average annual salary of a property administrator.
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 property administrator are property management, customer service, and office equipment.
| Real Estate Management Specialist | Property Administrator | |
| Yearly salary | $93,166 | $39,619 |
| Hourly rate | $44.79 | $19.05 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,675 | 56,820 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 60% |
| 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 property administrator is responsible for performing administrative and clerical duties for real estate and property companies. Property administrators coordinate with prospective clients to inform them about the property and offers tours to give a better view of the location. They assist in preparing contracts, processing documents, administering payments, and resolving rent discrepancies. A property administrator also handles calls for regular maintenance of the property, ensuring the safety and security of the premises and negotiating maintenance services with contractors.
Real estate management specialists and property administrators have different pay scales, as shown below.
| Real Estate Management Specialist | Property Administrator | |
| Average salary | $93,166 | $39,619 |
| Salary range | Between $66,000 And $130,000 | Between $27,000 And $57,000 |
| Highest paying City | Baltimore, MD | Bellevue, WA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | BGC Partners | |
| Best paying industry | Finance | Real Estate |
There are a few differences between a real estate management specialist and a property administrator in terms of educational background:
| Real Estate Management Specialist | Property Administrator | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 60% |
| 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 property administrators' demographics:
| Real Estate Management Specialist | Property Administrator | |
| Average age | 48 | 48 |
| Gender ratio | Male, 46.2% Female, 53.8% | Male, 30.5% Female, 69.5% |
| 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, 17.2% Asian, 5.2% White, 64.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |