Real estate managers are responsible for working with owners of properties directly to plan and execute the overall plan of management of the properties. As a real estate manager, your duties depend on the type of estate and the demands of your employer. One of your major duties is to supervise staff. Every employee working on the estate is to report directly to you as you are the direct link between owner and staff. Also, you are to review performance quarterly and also discuss how to improve.
Being a real estate manager also involves overseeing all the various systems that keep a large estate smooth and running. This includes the yearly budget, employees' schedules, and management of payroll. While some employers may accept a candidate with a bachelor's degree in business, most employers prefer a candidate with a master's degree in real estate management. You must possess good management, leadership, and technical skills, earning an average of $75,862 annually.
There is more than meets the eye when it comes to being a real estate manager. For example, did you know that they make an average of $36.47 an hour? That's $75,862 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 26,500 job opportunities across the U.S.
There are certain skills that many real estate managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, listening skills and customer-service skills.
When it comes to the most important skills required to be a real estate manager, we found that a lot of resumes listed 9.1% of real estate managers included financial statements, while 7.7% of resumes included property management, and 6.3% of resumes included real estate. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the real estate manager job title. But what industry to start with? Most real estate managers actually find jobs in the retail and finance industries.
If you're interested in becoming a real estate manager, one of the first things to consider is how much education you need. We've determined that 68.6% of real estate managers have a bachelor's degree. In terms of higher education levels, we found that 12.4% of real estate managers have master's degrees. Even though most real estate managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a real estate manager. When we researched the most common majors for a real estate manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on real estate manager resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a real estate manager. In fact, many real estate manager jobs require experience in a role such as property manager. Meanwhile, many real estate managers also have previous career experience in roles such as project manager or vice president.