Post job

Real estate manager vs apartment manager

The differences between real estate managers and apartment managers 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 manager and an apartment manager. Additionally, a real estate manager has an average salary of $86,874, which is higher than the $40,520 average annual salary of an apartment manager.

The top three skills for a real estate manager include financial analysis, property management and project management. The most important skills for an apartment manager are property management, evictions, and bank deposits.

Real estate manager vs apartment manager overview

Real Estate ManagerApartment Manager
Yearly salary$86,874$40,520
Hourly rate$41.77$19.48
Growth rate3%3%
Number of jobs24,75110,867
Job satisfaction-5
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 37%
Average age4848
Years of experience66

Real estate manager vs apartment manager salary

Real estate managers and apartment managers have different pay scales, as shown below.

Real Estate ManagerApartment Manager
Average salary$86,874$40,520
Salary rangeBetween $58,000 And $129,000Between $23,000 And $70,000
Highest paying CityHartford, CT-
Highest paying stateConnecticut-
Best paying companyMcKinsey & Company Inc-
Best paying industryFinance-

Differences between real estate manager and apartment manager education

There are a few differences between a real estate manager and an apartment manager in terms of educational background:

Real Estate ManagerApartment Manager
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate manager vs apartment manager demographics

Here are the differences between real estate managers' and apartment managers' demographics:

Real Estate ManagerApartment Manager
Average age4848
Gender ratioMale, 59.2% Female, 40.8%Male, 32.7% Female, 67.3%
Race ratioBlack or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6%Black or African American, 8.4% Unknown, 4.1% Hispanic or Latino, 17.3% Asian, 5.2% White, 64.4% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between real estate manager and apartment manager duties and responsibilities

Real estate manager example responsibilities.

  • Manage the submittal of all require documents for construction NTP.
  • Lead SEO efforts for primary corporate site, improving organic and paid traffic.
  • Coordinate and manage the NEPA, SHPO, FAA and FCC approval process.
  • Manage $20M budget and all fiscal functions including payroll, A/R, and A/P.
  • Manage and own the entire process from issue of RFDS to obtaining NTP from tower owner.
  • Manage leasing process of market price, tax credit, public housing programs as well as HUD apartments.
  • Show more

Apartment manager example responsibilities.

  • Live on-site, manage property and employees, payroll, purchasing, inventory, deposits, etc.
  • Accomplish financial objectives by collecting rents, accounts payable and receivable, payroll, and prepare annual budget.
  • Design and manage all company facebook accounts for residents and prospective residents regarding property information and general interest articles.
  • Maintain all client accounts, post all move ins, late fees and any other charges on Yardi property database system.
  • Introduce property owner to YARDI, and other online property legal services.
  • Organized/Update files according to certification and adjust payments utilizing HUD formula.
  • Show more

Real estate manager vs apartment manager skills

Common real estate manager skills
  • Financial Analysis, 10%
  • Property Management, 10%
  • Project Management, 8%
  • Oversight, 6%
  • Due Diligence, 6%
  • Customer Service, 6%
Common apartment manager skills
  • Property Management, 8%
  • Evictions, 7%
  • Bank Deposits, 5%
  • Rent Collection, 5%
  • Background Checks, 5%
  • Yardi, 5%

Browse executive management jobs