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.
Real estate manager responsibilities
Here are examples of responsibilities from real real estate manager resumes:
- 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.
- Lease negotiations, zoning, title reviews, co-locations with other carriers, interface with RF, A/E, and construction.
- Prepare yearly income and expense budgets, including capital expenditures and asset depreciation for large portfolio of commercial property.
- Coordinate meetings using Microsoft CRM.
- Research, recommend acquisitions, support mergers.
- Record deeds and state and town conveyance forms.
- Handle all books via Quickbooks for the branch.
- Maintain asset compliance with HNB standards and OCC regulations.
- Generate reports, change requests and documentation through CRM.
- Coordinate and attend design visits with RF and construction manager.
Real estate manager skills and personality traits
We calculated that 10% of Real Estate Managers are proficient in Financial Analysis, Property Management, and Project Management. They’re also known for soft skills such as Communication skills, Listening skills, and Customer-service skills.
We break down the percentage of Real Estate Managers that have these skills listed on their resume here:
- Financial Analysis, 10%
Focused to ensure proper execution of all contract documents and performed financial analysis of transactions for review and approval by management.
- Property Management, 10%
Developed and implemented hazardous waste property management procedures that reduced liability exposure in compliance with Federal and State laws and regulations.
- Project Management, 8%
Project Management - Project management service delivery for all phases of construction projects/office expansions for North American regions.
- Oversight, 6%
Directed oversight of technical operation, administrative and security personnel.
- Due Diligence, 6%
Performed due diligence required for major acquisitions and subsequent integration of acquired portfolios including the disposition of excess assets acquired.
- Customer Service, 6%
Trained and supervised 6 outbound call center customer service representatives and assisted in their professional development.
Common skills that a real estate manager uses to do their job include "financial analysis," "property management," and "project management." You can find details on the most important real estate manager responsibilities below.
Communication skills. The most essential soft skill for a real estate manager to carry out their responsibilities is communication skills. This skill is important for the role because "property, real estate, and community association managers must understand contracts and must be able to clearly explain the materials and answer questions raised by residents, board members, or service providers." Additionally, a real estate manager resume shows how their duties depend on communication skills: "conducted all planning, construction management, budget management and communications activities associated with six projects covering nearly 1,000,000 sf. "
Listening skills. Another essential skill to perform real estate manager duties is listening skills. Real estate managers responsibilities require that "property, real estate, and community association managers pay attention to residents and proprietors in order to understand and meet their needs." Real estate managers also use listening skills in their role according to a real resume snippet: "communicated with a variety of property owners with a focus on excellent customer service. "
Customer-service skills. real estate managers are also known for customer-service skills, which are critical to their duties. You can see how this skill relates to real estate manager responsibilities, because "property, real estate, and community association managers must provide excellent support to keep existing clients and expand their business with new ones." A real estate manager resume example shows how customer-service skills is used in the workplace: "direct oversight of an assistant property manager, 3 housemen, housekeeping, building maintenance, and guest services. "
Organizational skills. A big part of what real estate managers do relies on "organizational skills." You can see how essential it is to real estate manager responsibilities because "property, real estate, and community association managers must be able to plan, coordinate, and direct multiple contractors at the same time, often for multiple properties." Here's an example of how this skill is used from a resume that represents typical real estate manager tasks: "positioned company for growth by significantly improving the entire organizational process of the new jersey real estate portfolio. "
Problem-solving skills. A commonly-found skill in real estate manager job descriptions, "problem-solving skills" is essential to what real estate managers do. Real estate manager responsibilities rely on this skill because "property, real estate, and community association managers must be able to mediate disputes or legal issues between different groups of people, such as residents and board members." You can also see how real estate manager duties rely on problem-solving skills in this resume example: "provided customer service to tenants, resolved issues and complaints, coordinate all property maintenance. "
Interpersonal skills. Another skill commonly found on real estate manager job descriptions is "interpersonal skills." It can come up quite often in real estate manager duties, since "property, real estate, and community association managers interact with different types of people every day." Here's an example from a resume of how this skill fits into day-to-day real estate manager responsibilities: "provided high level of customer service based on outstanding communication and interpersonal skills. "
The three companies that hire the most real estate managers are:
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Compare different real estate managers
Real estate manager vs. Leasing professional
A Leasing Professional is responsible for handling and coordinating with potential tenants for rental purposes. Leasing Professionals discuss the leasing terms and agreements with the clients, conduct property inspections, and identify possible repairs and renovations. They also evaluate the current market performance to negotiate pricing and payment procedures. A Leasing Professional must have excellent communication and organizational skills, especially in processing lease documents efficiently, responding to clients' inquiries and concerns, and adhering to state regulations and policies.
There are some key differences in the responsibilities of each position. For example, real estate manager responsibilities require skills like "financial analysis," "property management," "project management," and "oversight." Meanwhile a typical leasing professional has skills in areas such as "property tours," "lease renewals," "background checks," and "telephone calls." This difference in skills reveals the differences in what each career does.
Leasing professionals really shine in the finance industry with an average salary of $35,035. Comparatively, real estate managers tend to make the most money in the finance industry with an average salary of $85,510.On average, leasing professionals reach lower levels of education than real estate managers. Leasing professionals are 9.9% less likely to earn a Master's Degree and 2.3% less likely to graduate with a Doctoral Degree.Real estate manager vs. Leasing agent
A leasing agent primarily works to assist and represent property owners when finding and managing tenants. They are in charge of advertising and promoting the properties in different areas or platforms, developing marketing strategies, coordinating with applicants, gathering their requirements, verifying the applicants' paperwork and references, and negotiating leasing terms. Moreover, a leasing agent also acts as the landlord because they serve as the tenants' point of contact regarding issues and concerns, conduct property inspections, and manage the properties' maintenance operations, coordinating with the owners regularly.
Each career also uses different skills, according to real real estate manager resumes. While real estate manager responsibilities can utilize skills like "financial analysis," "project management," "oversight," and "due diligence," leasing agents use skills like "rent payments," "background checks," "apartment homes," and "process applications."
Leasing agents earn a lower average salary than real estate managers. But leasing agents earn the highest pay in the retail industry, with an average salary of $36,389. Additionally, real estate managers earn the highest salaries in the finance with average pay of $85,510 annually.Average education levels between the two professions vary. Leasing agents tend to reach lower levels of education than real estate managers. In fact, they're 9.6% less likely to graduate with a Master's Degree and 2.3% less likely to earn a Doctoral Degree.Real estate manager vs. Leasing consultant
A Leasing Consultant specializes in helping property owners secure tenants for their rental properties. Most of the responsibilities include coordinating with landlords to find suitable occupants, posting rental notices and advertisements on various platforms, and monitor the quality of every rental property. Furthermore, Leasing Consultants must ensure that the tenants will be able to uphold the leasing agreements by screening potential applications through particular requirements, evaluating and verifying the applicant's documentation, and negotiating the contract terms.
The required skills of the two careers differ considerably. For example, real estate managers are more likely to have skills like "financial analysis," "project management," "oversight," and "due diligence." But a leasing consultant is more likely to have skills like "data entry," "product knowledge," "phone calls," and "apartment homes."
Leasing consultants make a very good living in the finance industry with an average annual salary of $33,561. On the other hand, real estate managers are paid the highest salary in the finance industry, with average annual pay of $85,510.Most leasing consultants achieve a lower degree level compared to real estate managers. For example, they're 9.3% less likely to graduate with a Master's Degree, and 2.2% less likely to earn a Doctoral Degree.Real estate manager vs. Property management assistant
Property management assistants are professionals who are responsible for providing support functions to the management team that handles residential or commercial properties. These assistants are required to interview prospective residents while helping new residents with moving in while scheduling their service requests. They must prepare all the correspondence for property owners such as utility change-overs and lease contracts. Property management assistants must also collaborate with their property managers to ensure prudent rent collections from their tenants.
Types of real estate manager
Updated January 8, 2025
