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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 | Director Of Property Management | |
| Yearly salary | $50,811 | $97,349 |
| Hourly rate | $24.43 | $46.80 |
| Growth rate | 3% | 3% |
| Number of jobs | 17,468 | 78,020 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 52% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
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.
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 managers and directors of property management have different pay scales, as shown below.
| Resident Manager | Director Of Property Management | |
| Average salary | $50,811 | $97,349 |
| Salary range | Between $31,000 And $82,000 | Between $62,000 And $151,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | Westinghouse Appliances Australia | Brookfield Properties |
| Best paying industry | Internet | - |
There are a few differences between a resident manager and a director of property management in terms of educational background:
| Resident Manager | Director Of Property Management | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between resident managers' and directors of property management' demographics:
| Resident Manager | Director Of Property Management | |
| Average age | 48 | 48 |
| Gender ratio | Male, 39.6% Female, 60.4% | Male, 57.9% Female, 42.1% |
| Race ratio | Black 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 Percentage | 12% | 12% |