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Real estate manager vs real estate management specialist

The differences between real estate managers and real estate 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 manager and a real estate management specialist. Additionally, a real estate management specialist has an average salary of $93,166, 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 real estate management specialist are customer service, customer satisfaction, and residential real estate.

Real estate manager vs real estate management specialist overview

Real Estate ManagerReal Estate Management Specialist
Yearly salary$86,874$93,166
Hourly rate$41.77$44.79
Growth rate3%3%
Number of jobs24,75174,675
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 64%
Average age4848
Years of experience66

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 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 manager vs real estate management specialist salary

Real estate managers and real estate management specialists have different pay scales, as shown below.

Real Estate ManagerReal Estate Management Specialist
Average salary$86,874$93,166
Salary rangeBetween $58,000 And $129,000Between $66,000 And $130,000
Highest paying CityHartford, CTBaltimore, MD
Highest paying stateConnecticutConnecticut
Best paying companyMcKinsey & Company IncGoogle
Best paying industryFinanceFinance

Differences between real estate manager and real estate management specialist education

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

Real Estate ManagerReal Estate Management Specialist
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate manager vs real estate management specialist demographics

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

Real Estate ManagerReal Estate Management Specialist
Average age4848
Gender ratioMale, 59.2% Female, 40.8%Male, 46.2% Female, 53.8%
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, 8.8% Unknown, 4.1% Hispanic or Latino, 17.1% Asian, 5.3% White, 64.0% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between real estate manager and real estate management specialist 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

Real estate management specialist example responsibilities.

  • 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.
  • Show more

Real estate manager vs real estate management specialist skills

Common real estate manager skills
  • Financial Analysis, 10%
  • Property Management, 10%
  • Project Management, 8%
  • Oversight, 6%
  • Due Diligence, 6%
  • Customer Service, 6%
Common real estate management specialist skills
  • Customer Service, 48%
  • Customer Satisfaction, 31%
  • Residential Real Estate, 3%
  • Lead Management, 2%
  • Property Management, 2%
  • Real Estate Transactions, 1%

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