Occupation Summary

Property, Real Estate, and Community Association Managers

O*NET 11-9141.00

Description:

Plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).

Annual Wages:
$87,356.00
Employment Rate:
Employment is expected to increase by 19.85%.
Education Level:
Bachelor's Degree. According to O*Net, the majority of people employed in this occupation have this level of education.
Endorsement:
Business and Industry

  1. Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
  2. Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
  3. Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
  4. Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
  5. Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
  6. Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
  7. Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
  8. Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
  9. Determine and certify the eligibility of prospective tenants, following government regulations.
  10. Prepare detailed budgets and financial reports for properties.
  11. Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
  12. Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
  13. Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
  14. Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
  15. Review rents to ensure that they are in line with rental markets.
  16. Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
  17. Purchase building and maintenance supplies, equipment, or furniture.
  18. Act as liaisons between on-site managers or tenants and owners.
  19. Confer regularly with community association members to ensure their needs are being met.
  20. Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
  21. Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
  22. Clean common areas, change light bulbs, and make minor property repairs.
  23. Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
  24. Negotiate short- and long-term loans to finance construction and ownership of structures.
  25. Contract with architectural firms to draw up detailed plans for new structures.
  26. Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
  27. Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.


No Industry Employment Patterns found.

Labor Market Information


2024 Statewide average hourly wage $42.00
2024 National average hourly wage $39.77
2022 National employment 429,600
2022 Texas employment 43,023
Texas projected employment by 2032 51,565
Texas projected annual employment and Turnover openings through 2032 4,450




TEXAS COUNTY MAP BY WORKFORCE DEVELOPMENT AREA
* Due to confidentiality rules, not all regions may have the data displayed. The sum of all the regions may not be equal to the state total.


Top 10 Relevant Knowledge Areas Relevant Importance Levels
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
92.60%
Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
88.00%
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
81.00%
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
81.00%
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
77.00%
Public Safety and Security
Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
74.00%
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
72.00%
Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
71.00%
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
70.00%
Sales and Marketing
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
64.00%


Top 10 Relevant Skill Areas Relevant Importance Levels
Speaking
Talking to others to convey information effectively.
80.00%
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
77.60%
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
75.00%
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
72.40%
Coordination
Adjusting actions in relation to others' actions.
72.40%
Negotiation
Bringing others together and trying to reconcile differences.
70.00%
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
70.00%
Social Perceptiveness
Being aware of others' reactions and understanding why they react as they do.
65.00%
Persuasion
Persuading others to change their minds or behavior.
65.00%
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
62.40%


Top 10 Relevant Abilities Relevant Importance Levels
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
80.00%
Written Comprehension
The ability to read and understand information and ideas presented in writing.
80.00%
Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
80.00%
Written Expression
The ability to communicate information and ideas in writing so others will understand.
75.00%
Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
72.40%
Problem Sensitivity
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
72.40%
Speech Recognition
The ability to identify and understand the speech of another person.
72.40%
Speech Clarity
The ability to speak clearly so others can understand you.
72.40%
Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
70.00%
Information Ordering
The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
62.40%


  • Making Decisions and Solving Problems
    -- Analyzing information and evaluating results to choose the best solution and solve problems.
  • Getting Information
    -- Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Communicating with Supervisors, Peers, or Subordinates
    -- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Working with Computers
    -- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Establishing and Maintaining Interpersonal Relationships
    -- Developing constructive and cooperative working relationships with others, and maintaining them over time.
Other Activities


  • Achievement
    - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
  • Independence
    - Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.



Tools

Desktop calculator: 10-key calculators;

Desktop computers: Desktop computers;

Digital camcorders or video cameras: Video surveillance cameras;

Digital cameras: Digital cameras;

Golf carts: Golf carts;

Ladders: Step ladders;

Laser fax machine: Laser facsimile machines;

Laser printers: Computer laser printers;

Mobile phones: Smartphones;

Notebook computers: Laptop computers;

Personal computers: Personal computers;

Photocopiers: Photocopiers;

Pocket calculator: Handheld calculators;

Scanners: Scanners;

Security or access control systems: Lenel Onguard;

Special purpose telephones: Multi-line telephone systems;

Two way radios: Two way radios;


Technology

Access software: Biometric reader software; Card key management software;

Accounting software: Intuit QuickBooks; RealEasyBooks ezREB; Sage 50 Accounting; TrackPro Services TrackPro Manager; Turtle Creek Software Goldenseal; Tax software;

Calendar and scheduling software: Calendar and scheduling software;

Cloud-based data access and sharing software: Google Drive;

Data base user interface and query software: FullHouse Software Investment Property Manager; iRealty Manager; Jenark Business Systems; Just So Software The Property Manager; LandlordMax; Landport Systems Landport; Advantos Systems DataTrust Enterprise; Bostonpost Technology Property Manager; Domin-8 Enterprise Solutions RentRight; Domin-8 Enterprise Solutions Tenant Pro; London Computer Systems Rent Manager; Microsoft Access; IDEAS Software & Training IDEAS Property Clerk; Infor Global Solutions eSITE; Intuit MRI Residential; O'Brien Grasso RE Software Property Master; Property Boulevard; Property Solutions International ResidentPortal; PropertyView Solutions Remanage; Propertyware; PT Software Solutions PT Rental Assistant; Qualitica RentBoss; Quicken; TCG Technologies i-CAM; W G Software Tenant File; Yardi software; Yardi Systems Yardi Enterprise; Yardi Systems Yardi Voyager Commercial; Yardi Systems Yardi Voyager Condo, Co-op, and HOA; Yardi Systems Yardi Voyager Residential; RealPage OneSite; SpiritWorks Software Development Rental Property Tracker Plus; SS&C Technologies Skyline Property Management;

Data mining software: Google Analytics;

Desktop publishing software: Microsoft Publisher;

Electronic mail software: Microsoft Outlook;

Enterprise resource planning ERP software: Microsoft Dynamics; Oracle JD Edwards EnterpriseOne;

Internet browser software: Web browser software;

Office suite software: Microsoft Office software;

Operating system software: Microsoft Windows;

Presentation software: Microsoft PowerPoint;

Project management software: Microsoft Project;

Spreadsheet software: Microsoft Excel; Spreadsheet software;

Video creation and editing software: YouTube;

Web page creation and editing software: Social media sites; LinkedIn; Facebook;

Web platform development software: Hypertext markup language HTML;

Word processing software: Google Docs; Microsoft Word;


Related O*NET occupational titles for Property, Real Estate, and Community Association Managers include:
  • 13-2023.00 Appraisers and Assessors of Real Estate
  • 13-2022.00 Appraisers of Personal and Business Property
  • 11-3013.00 Facilities Managers
  • 11-1021.00 General and Operations Managers
  • 13-1041.04 Government Property Inspectors and Investigators
  • 11-9081.00 Lodging Managers
  • 13-1023.00 Purchasing Agents, Except Wholesale, Retail, and Farm Products
  • 41-9021.00 Real Estate Brokers
  • 41-9022.00 Real Estate Sales Agents
  • 11-2022.00 Sales Managers


Sources of Additional Information
  • For information about professional designation and certification programs for property, real estate, and community association managers, visit: BOMI International
  • Community Associations Institute
  • Community Association Managers International Certification Board (CAMICB)
  • Institute of Real Estate Management (IREM)
  • National Association of Residential Property Managers (NARPM)
  • Property, Real Estate, and Community Association Managers

  • Contact Texas Workforce Commission
    Labor Market and Career Information  |  101 E. 15th Street, Annex Room 0252  |  Austin, Texas 78778
    Official Website  |  1-800-822-PLAN (7526)  |  512.936.3200

    ** The information in this report may be derived from many sources like O*NET, BLS (Bureau of Labor Statistics), OOH (Occupational Outlook Handbook), and Career One Stop.