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.

Work/Life Balance
3.7 ★
Salary Range--
Career Opportunity
3.6 ★
Avg. Experience2-4 years

Real Estate Manager Salaries

Average Base Pay

$84,060 /yr
Same as national average
Not including cash compensation
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Median: $84K
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Glassdoor Estimated Salary

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.

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Real Estate Manager Insights

Read what Real Estate Manager professionals have to say about their job experiences and view top companies for this career.
New River Valley Regional Commission
May 31, 2021

“This was the best experience I could have asked for; I am very grateful for this internship.”

Corporate Real Estate
Mar 21, 2021

“Good development opportunities and friend”

Better HomesBetter Homes
Commercial Real Estate Consultant
Jan 25, 2020

“Good and friendly people to work with.”

Crown CastleCrown Castle
Real Estate Specialist
Aug 16, 2019

“We’re all drowning in work and help doesn’t seem to be on the way.”

Leslie J. Garfield & Co.Leslie J. Garfield & Co.
Senior Real Estate Adviser
Jul 29, 2019

“It operates smoothly and the partnership here allows agents and associate brokers the freedom and trust to operate independently.”

Real Estate
Jan 29, 2020

“I had no training and the job description didn't describe what I was actually doing once I started working.”

Corporate Real Estate Manager
Oct 2, 2020

“Great place to work and a wonderful Boss!”

University of Texas at AustinUniversity of Texas at Austin
Feb 5, 2021

“Professional development opportunities and care about your career growth”

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Real Estate Manager Interviews

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Real Estate Manager Jobs