What does a real estate management specialist do?
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.
Real estate management specialist responsibilities
Here are examples of responsibilities from real real estate management specialist resumes:
- Elevate IP awareness lead to increase in invention disclosures and improve cross-functional relationships.
- Develop relationships with landlords, gaining substantial rental leads contributing to positive occupancy percentages.
- Manage segment's treasury function including equity forecasting and investment requests as well as lender relations in a difficult banking environment.
- Establish and maintain automated and manual accounting records, posts receipts utilizing MAXIMO database.
- Apply extensive knowledge of construction to estimate writing and review of contractor quotes via Xactimate.
- Provide lease interpretation to USPS staff, and act as liaison between landlords, facility managers, postmasters and design/construction staff.
- Prepare GSA reports, coordinate custodial officer classes, EPA household moves, and EPA property transfers to a new area.
- Design professional easement exhibits, utilizing GIS.
- Reconcile inventory and report discrepancies to DCMA.
- General knowledge of Maximo inputs for calibration and maintenance.
- Interpret and prepare transportation documentation for supply per DOD packing requirements.
- Educate and promote IP culture via internal presentations to top executives and technical personnel.
- Assess physical damage associate with claims including review of Xactimate estimates for compliance with applicable homeowner guidelines.
- Prepare management surveys/reports, conduct cost analysis; provide direction/proper documentation of surplus goods; prepared/submit agency require GSA reports.
- Prepare press releases, tombstones (template for acrylic Lucites), PowerPoint presentations, marketing flyers and email blasts.
Real estate management specialist skills and personality traits
We calculated that 48% of Real Estate Management Specialists are proficient in Customer Service, Customer Satisfaction, and Residential Real Estate. They’re also known for soft skills such as Communication skills, Listening skills, and Customer-service skills.
We break down the percentage of Real Estate Management Specialists that have these skills listed on their resume here:
- Customer Service, 48%
Received five Towering Triumph Awards for exceptional customer service and effective productivity.
- Customer Satisfaction, 31%
Initiated all functions to minimize cost and maximize client and customer satisfaction.
- Residential Real Estate, 3%
Managed all residential real estate lending services for a $1.3 Billion credit union.
- Lead Management, 2%
Point of contact for company CRM system interface ad all lead management system tasks.
- Property Management, 2%
Developed database reporting projects for Property Management clients according to PMBOK principles by developing CRM modules.
- Real Estate Transactions, 1%
Negotiate renewal/extension agreements and other real estate transactions with landlords, draft associated documents and obtain necessary management approvals.
Common skills that a real estate management specialist uses to do their job include "customer service," "customer satisfaction," and "residential real estate." You can find details on the most important real estate management specialist responsibilities below.
Communication skills. The most essential soft skill for a real estate management specialist to carry out their responsibilities is communication skills. This skill is important for the role because "property, real estate, and community association managers must understand contracts and must be able to clearly explain the materials and answer questions raised by residents, board members, or service providers." Additionally, a real estate management specialist resume shows how their duties depend on communication skills: "review and preparation of all due diligence documents with heavy communication with attorneys, sellers/buyers, brokers and escrow officers. "
Listening skills. Many real estate management specialist duties rely on listening skills. "property, real estate, and community association managers pay attention to residents and proprietors in order to understand and meet their needs.," so a real estate management specialist will need this skill often in their role. This resume example is just one of many ways real estate management specialist responsibilities rely on listening skills: "communicated with landlords and attorneys. "
Customer-service skills. Another skill that relates to the job responsibilities of real estate management specialists is customer-service skills. This skill is critical to many everyday real estate management specialist duties, as "property, real estate, and community association managers must provide excellent support to keep existing clients and expand their business with new ones." This example from a resume shows how this skill is used: "reviewed/redlined construction drawings and offered consultation to accomplish customer s scope of work needs. "
Interpersonal skills. A big part of what real estate management specialists do relies on "interpersonal skills." You can see how essential it is to real estate management specialist responsibilities because "property, real estate, and community association managers interact with different types of people every day." Here's an example of how this skill is used from a resume that represents typical real estate management specialist tasks: "refined my interpersonal skills, reviewed, and became familiar with hud guidelines concerning home sales. "
Organizational skills. Another crucial skill for a real estate management specialist to carry out their responsibilities is "organizational skills." A big part of what real estate management specialists relies on this skill, since "property, real estate, and community association managers must be able to plan, coordinate, and direct multiple contractors at the same time, often for multiple properties." How this skill relates to real estate management specialist duties can be seen in an example from a real estate management specialist resume snippet: "employed exceptional organizational abilities to develop construction projects for company-owned doughnut factories, commissaries and retail shops. "
Problem-solving skills. While "problem-solving skills" is last on this skills list, don't underestimate its importance to real estate management specialist responsibilities. Much of what a real estate management specialist does relies on this skill, seeing as "property, real estate, and community association managers must be able to mediate disputes or legal issues between different groups of people, such as residents and board members." Here is a resume example of how this skill is used in the everyday duties of real estate management specialists: "resolved property-related issues with landlords, construction, vendors, contractors, jurisdictions and landscaping. "
The three companies that hire the most real estate management specialists are:
- OfferPad17 real estate management specialists jobs
- Crown Castle International5 real estate management specialists jobs
- BNY Mellon4 real estate management specialists jobs
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Compare different real estate management specialists
Real estate management specialist vs. Property administrator
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.
While similarities exist, there are also some differences between real estate management specialists and property administrator. For instance, real estate management specialist responsibilities require skills such as "customer satisfaction," "excellent interpersonal," "residential real estate," and "lead management." Whereas a property administrator is skilled in "office equipment," "administrative functions," "budget preparation," and "real estate." This is part of what separates the two careers.
Property administrators really shine in the real estate industry with an average salary of $42,458. Comparatively, real estate management specialists tend to make the most money in the finance industry with an average salary of $96,402.property administrators tend to reach similar levels of education than real estate management specialists. In fact, property administrators are 1.5% less likely to graduate with a Master's Degree and 2.2% less likely to have a Doctoral Degree.Real estate management specialist vs. Leasing professional
A Leasing Professional is responsible for handling and coordinating with potential tenants for rental purposes. Leasing Professionals discuss the leasing terms and agreements with the clients, conduct property inspections, and identify possible repairs and renovations. They also evaluate the current market performance to negotiate pricing and payment procedures. A Leasing Professional must have excellent communication and organizational skills, especially in processing lease documents efficiently, responding to clients' inquiries and concerns, and adhering to state regulations and policies.
In addition to the difference in salary, there are some other key differences worth noting. For example, real estate management specialist responsibilities are more likely to require skills like "customer satisfaction," "residential real estate," "lead management," and "property management." Meanwhile, a leasing professional has duties that require skills in areas such as "property tours," "lease renewals," "work ethic," and "background checks." These differences highlight just how different the day-to-day in each role looks.
On average, leasing professionals earn a lower salary than real estate management specialists. Some industries support higher salaries in each profession. Interestingly enough, leasing professionals earn the most pay in the finance industry with an average salary of $35,035. Whereas real estate management specialists have higher pay in the finance industry, with an average salary of $96,402.In general, leasing professionals achieve lower levels of education than real estate management specialists. They're 5.8% less likely to obtain a Master's Degree while being 2.2% less likely to earn a Doctoral Degree.Real estate management specialist vs. Leasing consultant
A Leasing Consultant specializes in helping property owners secure tenants for their rental properties. Most of the responsibilities include coordinating with landlords to find suitable occupants, posting rental notices and advertisements on various platforms, and monitor the quality of every rental property. Furthermore, Leasing Consultants must ensure that the tenants will be able to uphold the leasing agreements by screening potential applications through particular requirements, evaluating and verifying the applicant's documentation, and negotiating the contract terms.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from real estate management specialist resumes include skills like "customer satisfaction," "residential real estate," "real estate transactions," and "market data," whereas a leasing consultant is more likely to list skills in "data entry," "product knowledge," "phone calls," and "apartment homes. "
Leasing consultants make a very good living in the finance industry with an average annual salary of $33,561. On the other hand, real estate management specialists are paid the highest salary in the finance industry, with average annual pay of $96,402.When it comes to education, leasing consultants tend to earn lower degree levels compared to real estate management specialists. In fact, they're 5.1% less likely to earn a Master's Degree, and 2.5% less likely to graduate with a Doctoral Degree.Real estate management specialist vs. Leasing agent
A leasing agent primarily works to assist and represent property owners when finding and managing tenants. They are in charge of advertising and promoting the properties in different areas or platforms, developing marketing strategies, coordinating with applicants, gathering their requirements, verifying the applicants' paperwork and references, and negotiating leasing terms. Moreover, a leasing agent also acts as the landlord because they serve as the tenants' point of contact regarding issues and concerns, conduct property inspections, and manage the properties' maintenance operations, coordinating with the owners regularly.
Types of real estate management specialist
Updated January 8, 2025
