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The differences between real estate management specialists and property management specialists 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 management specialist. Additionally, a real estate management specialist has an average salary of $93,166, which is higher than the $45,835 average annual salary of a property 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 property management specialist are property management, customer service, and real estate.
| Real Estate Management Specialist | Property Management Specialist | |
| Yearly salary | $93,166 | $45,835 |
| Hourly rate | $44.79 | $22.04 |
| Growth rate | 3% | 3% |
| Number of jobs | 74,675 | 74,282 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 57% |
| 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 management specialist is responsible for managing the contracts and leasing opportunities for residential and commercial properties to potential tenants. Property management specialists evaluate the value of the properties according to market performance and determine the eligibility of tenant applicants in acquiring the property. They also inspect the condition of the property's overall facilities to identify possible repairs and renovations to ensure the safety and security of the tenants. A property management specialist must have excellent communication and organizational skills, especially in processing documents and organizing billing reports.
Real estate management specialists and property management specialists have different pay scales, as shown below.
| Real Estate Management Specialist | Property Management Specialist | |
| Average salary | $93,166 | $45,835 |
| Salary range | Between $66,000 And $130,000 | Between $27,000 And $77,000 |
| Highest paying City | Baltimore, MD | San Rafael, CA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Meta | |
| Best paying industry | Finance | Insurance |
There are a few differences between a real estate management specialist and a property management specialist in terms of educational background:
| Real Estate Management Specialist | Property Management Specialist | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 57% |
| 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 management specialists' demographics:
| Real Estate Management Specialist | Property Management Specialist | |
| Average age | 48 | 48 |
| Gender ratio | Male, 46.2% Female, 53.8% | Male, 50.7% Female, 49.3% |
| 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, 8.8% Unknown, 4.1% Hispanic or Latino, 16.9% Asian, 5.3% White, 64.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |