Property and Real Estate Managers


Property and Real Estate Managers


Property and real estate managers plan and supervise the activities that affect land and buildings. Most of them manage rental properties, such as apartment buildings, office buildings, and shopping centers. Others manage the services and commonly owned areas of condominiums and community associations. Approximately 220,750 property, real estate, and community association managers are employed in the United States.

Quick Facts


Median Salary



Employment Prospects



Minimum Education Level

Bachelor's Degree



Three months to several years experience



Business Management


Personality Traits



According to the U.S. Department of Labor, annual earnings for all property managers in May 2019 ranged from $31,030 to $129,160. The annual median salary for property managers was $58,760.

Property and real estate managers usually receive such benefits as medical and health insurance. On-site apartment building managers may have rent-free apartments, and many managers have the use of co...

Work Environment

Property and real estate managers usually work in offices but may spend much of their time at the properties they manage. On-site apartment building managers often leave their offices to inspect other areas, check maintenance or repair work, or resolve problems reported by tenants.

Many apartment managers must live in the buildings they manage so they can be available in emergencies, and...


Employment of property and real estate managers is expected to increase faster than the average for all occupations through 2028, according to the U.S. Department of Labor (DOL). The best opportunities will be for college graduates with degrees in real estate, business administration, and related fields, and for those who also secure a professional designation.

The DOL also predicts part...