Property managers ensure that buildings and real estate are properly maintained and run. Property managers can have many different responsibilities. They may be in charge of finding tenants for a property and collecting rent for the owner. Property managers are also usually in charge of arranging repairs or maintenance for a building, and may deal with complaints against tenants and homeowners. And they’re also usually responsible for getting the pool clean and the trash collected. Property managers may work for an individual landlord or the management of an entire building, such as an office building or apartment block. People notice when things go wrong in their building, so property managers have to be organized and efficient.
Annual salaries for property managers will vary depending on your experience, education level, and expertise. In 2013, the average annual salary for property managers working in the U.S. was $64,270 per year.
For more information on what parts of the country have the most opportunity for property managers, click through to our Best Places to Work tab for information on the number of people employed and the average salary in each state.
California leads the nation in employment for property managers, with 25,250 earning an annual average salary of $75,820. Florida is second in employment, where 17,390 property managers are making an average of $55,080.
The metro areas employing the most property managers are:
The metro areas employing the highest concentration of property managers are:
The metro areas employing the best-paid property managers are:
Use our interactive map below to find out which areas of the United States are currently experiencing the greatest amount of growth and job availability for graduates looking for a career as a property manager. The associated information has been gathered from Bureau of Labor statistics, representing data collected in 2012.
People entrust some of their most important investments to property managers. It’s a privilege and a responsibility. Here are some of the benefits of being a property manager:
A property manager has to know property in their local area, especially what rent to charge and the best people to do repairs and maintenance. They also need to be organized, responsive to requests and complaints, and good businesspeople. A working knowledge of these skill sets will help to set you apart from other candidates.
Feel like you’ve got a lot to learn? Get more information about property manager careers, degrees, and applicable courses from one of the schools below.
High school diploma
In certain entry-level positions, candidates may only be expected to have a high school diploma or some college coursework completed to become a property manager. Hands-on experience is extremely valuable in any property management role.
Most employers, however, are looking for candidates with a college degree in business administration, accounting, real estate, public administration, finance, or a related field. This is especially true of commercial managers who will be managing budgets and contracts.
Property managers who are involved in buying and selling property must also have a real estate license. This also may apply to professionals who serve in community associations, depending on the state and the responsibilities they have.