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Real estate manager vs senior property manager

The differences between real estate managers and senior property 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 a senior property manager. Additionally, a real estate manager has an average salary of $86,874, which is higher than the $71,867 average annual salary of a senior property manager.

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

Real estate manager vs senior property manager overview

Real Estate ManagerSenior Property Manager
Yearly salary$86,874$71,867
Hourly rate$41.77$34.55
Growth rate3%3%
Number of jobs24,75113,475
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 senior property manager do?

A Senior Property Manager is responsible for the administration of property operations and the leasing office. They ensure that property management runs smoothly and profits are maximized.

Real estate manager vs senior property manager salary

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

Real Estate ManagerSenior Property Manager
Average salary$86,874$71,867
Salary rangeBetween $58,000 And $129,000Between $46,000 And $110,000
Highest paying CityHartford, CTRichmond, CA
Highest paying stateConnecticutWashington
Best paying companyMcKinsey & Company IncAlbemarle
Best paying industryFinanceProfessional

Differences between real estate manager and senior property manager education

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

Real Estate ManagerSenior Property Manager
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 senior property manager demographics

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

Real Estate ManagerSenior Property Manager
Average age4848
Gender ratioMale, 59.2% Female, 40.8%Male, 41.9% Female, 58.1%
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, 8.9% Unknown, 4.1% Hispanic or Latino, 17.2% Asian, 5.4% White, 63.8% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between real estate manager and senior property 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

Senior property manager example responsibilities.

  • Forecast and manage replacement of major capital expense items including HVAC system, roof systems, parking lot surfaces etc.
  • Manage segment's treasury function including equity forecasting and investment requests as well as lender relations in a difficult banking environment.
  • Use advance Yardi skills to process accounts receivable/payable, review budget reports, and analyze performance reports.
  • Ensure that all building systems, electrical, plumbing, HVAC, and fire systems are property maintain and service.
  • Coordinate the transition of the accounting process moving from JD Edwards to Yardi, and the subsequent reconciliation of tenant accounts.
  • Supervise and oversee all tenant/Landlord development/redevelopment work/budgets within designate portfolio.
  • Show more

Real estate manager vs senior property 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 senior property manager skills
  • Property Management, 16%
  • Portfolio, 12%
  • Real Estate, 11%
  • Yardi, 5%
  • Property Inspections, 5%
  • Construction Projects, 4%

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