Summary Guide forProperty, Real Estate, and Community Association Managers in California
May also be called: Apartment Managers; Community Managers; Condominium Managers; Landlords; Leasing Managers; Mobile Home Park Managers; and On-Site Managers.
What Would I Do?
Property and Real Estate Managers oversee the performance of income-producing commercial or residential properties and ensure that real estate investments achieve their expected revenues. Community Association Managers manage the common property and services of condominiums, cooperatives, and planned communities through their homeowners’ or community associations.
Property, Real Estate, and Community Association Managers typically work in offices that are comfortable and well lit. Their schedules are usually flexible; however, many work long hours during the week, often working evenings or weekends, and may spend a great deal of time away from their desks.
Will This Job Fit Me?
The job of Property, Real Estate, and Community Association Manager will appeal to those who like activities that have to do with starting up and carrying out projects, persuading and leading people, making decisions, and taking risks for profit.
What Wages and Benefits Can I Expect?
The median wage in 2015 for Property and Community Association Managers in California was $62,613 annually, or $30.10 hourly. The median is the point at which half of the workers earn more and half earn less.
Most employers provide vacation, sick leave, and medical insurance. Some provide dental and life insurance, and a few also offer retirement plans and vision insurance. Property and Community Association Managers may receive a rent-reduced or rent-free apartment and a utility allowance as part of their compensation package. Those who are self-employed must provide their own insurance and retirement.
What is the Job Outlook?
Employment opportunities for Property and Community Association Managers fluctuate from year-to-year because the strength of the economy affects their demand. Growth of an older population will increase the need for specialized housing, such as assisted-living facilities and retirement communities, which requires property management.
How Do I Qualify?
The job of Property, Real Estate, and Community Association Manager generally requires a bachelor's degree in business administration, accounting, finance, real estate, public administration, or a related field. Previous work-related skills, knowledge, or experience is also preferred by employers.
Finding a Job
Prospective Property and Community Association Managers may apply directly to property management firms or condominium homeowner associations. They should also check newspaper classified ads and the Internet for current job listings. Job referrals may also be found through the California Apartment Association. Online job opening systems include JobCentral at www.jobcentral.com and CalJOBSSM at www.caljobs.ca.gov.
To find your nearest One-Stop Career Center, go to Service Locator. View the helpful job search tips for more resources. (requires Adobe Reader).
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