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Resident manager vs director of property management

The differences between resident 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 resident 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 $50,811 average annual salary of a resident manager.

The top three skills for a resident manager include resident care, CPR and medication administration. The most important skills for a director of property management are real estate, portfolio, and property management.

Resident manager vs director of property management overview

Resident ManagerDirector Of Property Management
Yearly salary$50,811$97,349
Hourly rate$24.43$46.80
Growth rate3%3%
Number of jobs17,46878,020
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 52%
Average age4848
Years of experience66

What does a resident manager do?

A resident manager's role focuses on maintaining and supervising residential and rental properties, even hotels. Typically an in-house employee, it is a resident manager's responsibility to oversee all maintenance operations to ensure that the property is at optimal condition, assess staff's performance, prepare and manage budgets, and produce progress reports for the company or property owner. They mostly respond to inquiries from guests or tenants, even processing payments when necessary. Moreover, a resident manager may address issues and concerns, providing corrective measures while adhering to the policies and standards.

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.

Resident manager vs director of property management salary

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

Resident ManagerDirector Of Property Management
Average salary$50,811$97,349
Salary rangeBetween $31,000 And $82,000Between $62,000 And $151,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkConnecticut
Best paying companyWestinghouse Appliances AustraliaBrookfield Properties
Best paying industryInternet-

Differences between resident manager and director of property management education

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

Resident ManagerDirector Of Property Management
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Resident manager vs director of property management demographics

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

Resident ManagerDirector Of Property Management
Average age4848
Gender ratioMale, 39.6% Female, 60.4%Male, 57.9% Female, 42.1%
Race ratioBlack or African American, 8.4% Unknown, 4.1% Hispanic or Latino, 17.2% Asian, 5.2% White, 64.4% 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 Percentage12%12%

Differences between resident manager and director of property management duties and responsibilities

Resident manager example responsibilities.

  • Achieve low turnover and evictions by instituting consistent move-in compliance criteria.
  • Manage resident and facility accounts, budgets, social security applications, and Medicare and Medicaid benefits.
  • Monitor and maintain patient charts including, MDS per state, federal regulations along with facility policies and procedures.
  • Maintain and review incident reports and take appropriate actions according to department policy and OPWDD regulations.
  • Experience in Onesite system software.
  • Collect and post rent into YARDI.
  • Show more

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.
  • Show more

Resident manager vs director of property management skills

Common resident manager skills
  • Resident Care, 10%
  • CPR, 8%
  • Medication Administration, 7%
  • Developmental Disabilities, 6%
  • Crisis Intervention, 5%
  • Property Management, 5%
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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