What is a Senior Property Manager?

Senior property managers are responsible for overseeing real estate properties and the management of the staff. They provide overall property management leadership and provide direction and leadership to the property management staff. They earn an average salary of $78,000 per annum or $37 per hour.

Senior property managers try to sell properties by showing them to prospective tenants, getting signatures on lease agreements, and invoicing the tenants every month. They oversee the billing process and monitor cash flow to ensure the effective use of cash. Their communication, listening, and interpersonal skills are excellent.

Senior property managers mostly hold a bachelor's degree in business administration or a related discipline. Most employers prefer to hire candidates with proven experience in real estate property management. Strong knowledge of finance and building operations with a real estate license are also preferred. Prospective candidates are strongly advised to learn the ability to manage a team of professionals effectively and possess advanced knowledge of Microsoft Office Suite.

What Does a Senior Property Manager Do

There are certain skills that many senior property managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, customer-service skills and interpersonal skills.

Learn more about what a Senior Property Manager does

How To Become a Senior Property Manager

If you're interested in becoming a senior property manager, one of the first things to consider is how much education you need. We've determined that 64.0% of senior property managers have a bachelor's degree. In terms of higher education levels, we found that 8.8% of senior property managers have master's degrees. Even though most senior property managers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Senior Property Manager
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Senior Property Manager Career Paths

As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a senior property manager can determine their career goals through the career progression. For example, they could start out with a role such as vice president, progress to a title such as executive director and then eventually end up with the title regional vice president.

Senior Property Manager

Average Salary for a Senior Property Manager

Senior Property Managers in America make an average salary of $71,867 per year or $35 per hour. The top 10 percent makes over $110,000 per year, while the bottom 10 percent under $46,000 per year.
Average Senior Property Manager Salary
$71,867 Yearly
$34.55 hourly
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Roles and Types of Senior Property Manager

The role of a senior property manager includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general senior property manager responsibilities:

  • Works independently to manage and resolve all site management related issues. This individual should be familiar with housing management, budgeting, housing agency regulations related terminology
  • Prepares and implements marketing strategies to ensure annual revenue growth for the property. Guides leasing team members, trains subordinates, evaluates employees
  • Provides solutions to complex business problems for area(s) of responsibility where analysis of situations requires an in depth knowledge of organizational objectives involved in setting strategic direction to establish near term goals for area of responsibility interacts with senior management levels at a client

There are several types of senior property manager, including:

Property Manager

Role:

So get this - as a property manager, you are, in fact, in charge of maintaining a property. From showing apartments to inspecting the property and even meeting with the property owners, it is your job as manager to make sure the property is up to the task.

Generally, you'll just work in an office setting. But those times when you actually have to inspect the property, you'll have to vacate your desk chair. Most of the time, you'll find you're centrally located in an office where residents can come to you to pay rent or submit a complaint.

Many employers expect you to have a college background of some sort, but some will accept a high school diploma with some experience. All in all, becoming a property manager isn't a bad gig. And finding rental properties for potential tenants is only half the fun.

  • Average Salary: $49,958
  • Degree: Bachelor's Degree

Communications Manager

Role:

Public relations, to most, have been thought of as the underrated element in the success of an organization. For those of us who believe in the power of branding and identity, we beg to differ. In 1957, a young public relations Al-Golin gave Ray Kroc a cold call to discuss a potential in marketing for his/her fast-food chain, McDonald's. With a $500 monthly retainer, he/she ran the initiative in encouraging positive newspaper write-ups, contributing to trust banks, and pioneering the hamburger university for employee training. The regal yet humble image McDonald's restaurants carry today is a result of the unwavering vision Al-Golin saw 63 years ago.

The primary role of a communications manager is centered around managing a company's public relations. This involves tasks such as developing marketing materials, executing communications strategies, and producing media reports. Besides that, they oversee publication projects and lead the marketing team.

Employers require a communications manager to have a bachelor's degree that relates to business or communications. At least two years of work experience need to be demonstrated. This role earns, on average, $29 per hour and suits individuals who are passionate about public liaison activities.

  • Average Salary: $81,304
  • Degree: Bachelor's Degree

Resident Manager

Role:

A resident manager is a general manager who lives in a rental property or a hotel. Your responsibilities include setting up a community environment and managing all resident files for renewal. Overseeing budgeting, training employees, handling problems on-site, and providing orientation to all new residents are also your responsibilities. You are to supervise all residents and take part in all off-site meetings, ensuring consistency in all processes. Additionally, you will supervise young staff in the day-to-day performance to ensure customer satisfaction, and you must be available to assist residents with their needs. Also, you must be a role model with regards to conduct, policies, acceptance of personal differences, diversity, and academic pursuit.

To be a resident manager, you need a bachelor's degree and about 5 years of experience in a related area. You must be able to deal politely with residents to ensure they are satisfied with the services they receive. You must also have excellent supervisory skills. Your average annual salary will be $40,250.

  • Average Salary: $50,811
  • Degree: Bachelor's Degree
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States With The Most Senior Property Manager Jobs

Mouse over a state to see the number of active senior property manager jobs in each state. The darker areas on the map show where senior property managers earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Senior Property Manager Jobs By State

RankStateNumber of JobsAverage Salary
1California867$87,810
2Texas500$55,853
3Florida430$54,222
4New York335$74,744
5Virginia322$60,367
6Illinois280$65,677
7Maryland248$63,045
8North Carolina235$71,390
9Georgia212$49,231
10Pennsylvania207$85,053
11Washington185$89,322
12Indiana185$58,193
13Ohio182$67,053
14Massachusetts168$86,920
15Arizona166$80,461
16Colorado159$61,829
17New Jersey136$67,480
18Minnesota132$57,652
19Tennessee109$50,869
20Michigan101$63,335
21Wisconsin95$55,503
22Oregon90$86,557
23Utah69$62,346
24Connecticut65$88,689
25Missouri61$56,708
26Kansas57$65,583
27South Carolina54$49,902
28Iowa52$56,318
29Alabama50$49,101
30Nevada49$78,083
31Kentucky38$60,343
32Oklahoma33$49,299
33Delaware25$68,042
34Montana23$60,839
35New Hampshire21$64,324
36Louisiana21$50,909
37Maine20$62,688
38Rhode Island18$77,548
39Hawaii17$70,282
40Idaho16$69,364
41New Mexico15$63,142
42Mississippi15$56,339
43Arkansas15$51,803
44Nebraska15$51,969
45North Dakota10$53,514
46South Dakota6$55,855
47Alaska5$59,640
48West Virginia4$60,674
49Vermont3$65,785
50Wyoming3$57,814

Senior Property Manager Education

Senior Property Manager Majors

Business
40.1 %
Real Estate
9.2 %
Accounting
6.1 %

Senior Property Manager Degrees

Bachelors

64.0 %

Associate

16.9 %

Masters

8.8 %

Top Colleges for Senior Property Managers

1. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

4. Villanova University

Villanova, PA • Private

In-State Tuition

$53,308

Enrollment

6,819

5. San Diego State University

San Diego, CA • Private

In-State Tuition

$7,488

Enrollment

30,018

6. Stanford University

Stanford, CA • Private

In-State Tuition

$51,354

Enrollment

7,083

7. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

8. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

9. Arizona State University

Tempe, AZ • Private

In-State Tuition

$10,822

Enrollment

42,529

10. Harvard University

Cambridge, MA • Private

In-State Tuition

$50,420

Enrollment

7,582

Top Skills For a Senior Property Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.6% of senior property managers listed property management on their resume, but soft skills such as communication skills and customer-service skills are important as well.

Choose From 10+ Customizable Senior Property Manager Resume templates

Zippia allows you to choose from different easy-to-use Senior Property Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Senior Property Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Senior Property Manager diversity

Senior Property Manager Gender Distribution

Female
Female
58%
Male
Male
42%

After extensive research and analysis, Zippia's data science team found that:

  • Among senior property managers, 58.1% of them are women, while 41.9% are men.

  • The most common race/ethnicity among senior property managers is White, which makes up 63.8% of all senior property managers.

  • The most common foreign language among senior property managers is Spanish at 63.8%.

Online Courses For Senior Property Manager That You May Like

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For aspiring and active entrepreneurs, this course focuses on the opportunities and challenges of intellectual property. Intellectual property is a commonly discussed, often misunderstand, element of entrepreneurship and law. Knowing how to create and manage patents, copyrights, trademarks, and trade secrets is a valuable skill for entrepreneurs and business leaders. Regardless of size and industry, a business’s intellectual property is often more valuable than its physical assets. Companies...

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Intellectual property is the currency of the tech world, with the world’s most valuable intellectual property assets dwarfing the value of their real-world counterparts. Apple’ trademarked brand was valued at over $100 billion as of 2017. J.K. Rowling’s Harry potter franchise has generated over $25 billion to date. But how did the law come to create such enormous value in intangible assets? This course will introduce the various types of U.S. intellectual property: patents, which cover...

3. Property Management 101

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Learn the basics of managing rental property and becoming a landlord...

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Best States For a Senior Property Manager

Some places are better than others when it comes to starting a career as a senior property manager. The best states for people in this position are Washington, Connecticut, California, and Massachusetts. Senior property managers make the most in Washington with an average salary of $89,322. Whereas in Connecticut and California, they would average $88,689 and $87,810, respectively. While senior property managers would only make an average of $86,920 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Washington

Total Senior Property Manager Jobs: 185
Highest 10% Earn:
$152,000
Location Quotient:
1.16

$89,322

Avg. Salary

View 185 Senior Property Manager Jobs In WA

2. California

Total Senior Property Manager Jobs: 867
Highest 10% Earn:
$149,000
Location Quotient:
1.36

$87,810

Avg. Salary

View 867 Senior Property Manager Jobs In CA

3. Arizona

Total Senior Property Manager Jobs: 166
Highest 10% Earn:
$132,000
Location Quotient:
1.3

$80,461

Avg. Salary

View 166 Senior Property Manager Jobs In AZ
Full List Of Best States For Senior Property Managers

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Top Senior Property Manager Employers

Most Common Employers For Senior Property Manager

RankCompanyAverage SalaryHourly RateJob Openings
1Aimco$82,158$39.5014
2Wells Fargo$77,642$37.336
3Pm Realty Group$76,393$36.737
4First Industrial Realty Trust$71,220$34.247
5JLL$66,716$32.0812
6Cushman & Wakefield$66,231$31.8421
7Brixmor Property Group$65,001$31.258
8Duke Realty$63,197$30.388
9PS Business Parks$61,728$29.688
10Opus Corporation$60,291$28.996
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Senior Property Manager Videos

Fletchers Property Management - Julia Zorzut - Senior Property Manager
A Day In the Life of a Property Manager.
A Typical Day in the Life of a Property Manager

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Updated April 6, 2023