What does a Real Estate Manager do?
Real estate managers oversee commercial and residential property operations and are responsible for maintaining the premises while increasing its curb appeal and value. They may provide services for multiple buildings or locations and train and supervise staff members and groundskeepers. They handle the property’s financial operations, including collecting rent or sending delinquent notices and preparing and maintaining financial statements. They update property owners on its status, informing them about occupancy rates, lease expirations, and other issues, and sometimes consult with them about rent charges.
Real estate managers collect association and homeowners fees and pay for services including a playground or swimming pool and their maintenance. Real estate managers negotiate contracts for third parties including janitorial, security, landscaping, and other services and purchase supplies and equipment for the property. They hire contractors to perform repairs and supervise maintenance staff and plan and direct the purchase, sale, and development of real estate properties on behalf of businesses and investors. Real estate managers need a bachelor's degree in real estate, finance, or business administration.
Real Estate Manager Salaries
Average Base Pay
Real Estate Manager Career Path
Learn how to become a Real Estate Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.