Real estate manager vs director of property management

The differences between real estate managers and directors of property management 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 a director of property management. Additionally, a director of property management has an average salary of $97,349, which is higher than the $86,874 average annual salary of a real estate manager.

The top three skills for a real estate manager include financial analysis, property management and project management. The most important skills for a director of property management are real estate, portfolio, and property management.

Real estate manager vs director of property management overview

	Real Estate Manager	Director Of Property Management
Yearly salary	$86,874	$97,349
Hourly rate	$41.77	$46.80
Growth rate	3%	3%
Number of jobs	24,751	78,020
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 52%
Average age	48	48
Years of experience	6	6

What does a real estate manager do?

A Real Estate Manager manages the financial aspects of a property. They collect rent and prepare and maintain financial statements. Real Estate Managers also inform owners about occupancy rates, expiration dates of leases, and other issues.

What does a director of property management do?

A director of property management oversees and directs the property management programs and projects of an organization. They take the lead in identifying and meeting the needs of different facilities, researching client and business opportunities, gathering and analyzing data from annual and monthly reports, coordinating with suppliers and contractors, and making significant decisions. They also participate in managing tenants, overseeing marketing procedures, and solving issues when any arise. Moreover, a director of property management sets goals, establishes timelines and guidelines, empowers employees, and implements company standards and policies.

Real estate manager vs director of property management salary

Real estate managers and directors of property management have different pay scales, as shown below.

	Real Estate Manager	Director Of Property Management
Average salary	$86,874	$97,349
Salary range	Between $58,000 And $129,000	Between $62,000 And $151,000
Highest paying City	Hartford, CT	San Francisco, CA
Highest paying state	Connecticut	Connecticut
Best paying company	McKinsey & Company Inc	Brookfield Properties
Best paying industry	Finance	-

Differences between real estate manager and director of property management education

There are a few differences between a real estate manager and a director of property management in terms of educational background:

	Real Estate Manager	Director Of Property Management
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 52%
Most common major	Business	Business
Most common college	University of Southern California	University of Southern California

Real estate manager vs director of property management demographics

Here are the differences between real estate managers' and directors of property management' demographics:

	Real Estate Manager	Director Of Property Management
Average age	48	48
Gender ratio	Male, 59.2% Female, 40.8%	Male, 57.9% Female, 42.1%
Race ratio	Black 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, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.3% White, 63.9% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between real estate manager and director of property management 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.

Director of property management example responsibilities.

Manage YARDI implementation, training, conversion and roll out.
Manage several marketing sources, which includes but is not limit to Craigslist, Postlets, LINC program and local businesses.
Coordinate and manage the global intellectual property portfolio, including creation of patent strategies for new technology developments.
Manage, delegate and perform facility repairs, apartment renovations, preventive maintenance and inventory control utilizing CMMS program for maintenance.
Conduct oversight of the preventative maintenance system and emergency preparedness procedures.
Prepare monthly billing statements for overtime HVAC, utilities, engineering services, access card reprints, and duplicate keys.

Real estate manager vs director of property management skills

Common real estate manager skills

Financial Analysis, 10%
Property Management, 10%
Project Management, 8%
Oversight, 6%
Due Diligence, 6%
Customer Service, 6%

Common director of property management skills

Real Estate, 11%
Portfolio, 11%
Property Management, 7%
Financial Reports, 6%
Yardi, 4%
HVAC, 4%

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Real Estate Manager vs Director Of Property Management

Updated January 8, 2025

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