Resident manager vs real estate manager

The differences between resident managers and real estate 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 resident manager and a real estate manager. Additionally, a real estate manager has an average salary of $86,874, 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 real estate manager are financial analysis, property management, and project management.

Resident manager vs real estate manager overview

	Resident Manager	Real Estate Manager
Yearly salary	$50,811	$86,874
Hourly rate	$24.43	$41.77
Growth rate	3%	3%
Number of jobs	17,468	24,751
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 48%	Bachelor's Degree, 69%
Average age	48	48
Years of experience	6	6

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 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.

Resident manager vs real estate manager salary

Resident managers and real estate managers have different pay scales, as shown below.

	Resident Manager	Real Estate Manager
Average salary	$50,811	$86,874
Salary range	Between $31,000 And $82,000	Between $58,000 And $129,000
Highest paying City	New York, NY	Hartford, CT
Highest paying state	New York	Connecticut
Best paying company	Westinghouse Appliances Australia	McKinsey & Company Inc
Best paying industry	Internet	Finance

Differences between resident manager and real estate manager education

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

	Resident Manager	Real Estate Manager
Most common degree	Bachelor's Degree, 48%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	University of Southern California	University of Southern California

Resident manager vs real estate manager demographics

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

	Resident Manager	Real Estate Manager
Average age	48	48
Gender ratio	Male, 39.6% Female, 60.4%	Male, 59.2% Female, 40.8%
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, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between resident manager and real estate manager 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.

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.

Resident manager vs real estate manager skills

Common resident manager skills

Resident Care, 10%
CPR, 8%
Medication Administration, 7%
Developmental Disabilities, 6%
Crisis Intervention, 5%
Property Management, 5%

Common real estate manager skills

Financial Analysis, 10%
Property Management, 10%
Project Management, 8%
Oversight, 6%
Due Diligence, 6%
Customer Service, 6%

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Resident Manager
Resident Manager vs Real Estate Manager

Updated January 8, 2025

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