Residential Property Manager Job Overview
Discover everything you need to know about becoming a Residential Property Manager. Learn about responsibilities, requirements, salary expectations, and career growth opportunities.
Average Salary
$55k - $83k
Job Growth
10%
Education
Varies
Work Hours
Full-time
A Residential Property Manager is a vital role in the real-estate industry. This position involves a combination of technical expertise, problem-solving skills, and effective communication.Residential Property Managers play a crucial role in ensuring organizational success through their specialized knowledge and contributions.
The ideal candidate for this Residential Property Manager position should be detail-oriented, adaptable, and committed to continuous learning. This role offers opportunities for career advancement and skill development in a dynamic professional environment.
As a Residential Property Manager, your primary responsibilities include:
- Collaborate with team members to achieve Residential Property Manager objectives
- Maintain accurate records and documentation related to Residential Property Manager activities
- Stay current with industry trends and best practices in Residential Property Manager
- Communicate effectively with stakeholders and team members
- List and market properties for sale or rent
- Conduct property showings and open houses
- Negotiate purchase agreements and leases
- Advise clients on market conditions and pricing
- Network with potential buyers and sellers
Education:
High school diploma plus state real estate license
Required Skills & Experience:
- Strong communication and interpersonal skills
- Excellent problem-solving and critical thinking abilities
- Proficiency with industry-standard software and tools
- Ability to work independently and as part of a team
- Strong organizational and time management skills
- Valid state real estate license
- Knowledge of local real estate market
- Strong networking and interpersonal skills
- Sales and negotiation abilities
- Ability to work flexible hours including weekends
Preferred Qualifications:
- Professional certification relevant to the field
- 2-5 years of relevant experience
- Strong portfolio of relevant work (where applicable)
The average salary for a Residential Property Manager ranges from $55k - $83k depending on experience, location, and employer. Factors such as specialized skills, certifications, and industry demand can significantly impact compensation.
Typical Benefits Include:
- Health, dental, and vision insurance
- Retirement savings plans (401k matching)
- Paid time off and holidays
- Professional development opportunities
- Flexible work arrangements (remote/hybrid options)
Real estate professionals have flexible schedules but often work evenings and weekends when clients are available. The role involves traveling to properties and meeting with clients. Income is often commission-based, creating variability in earnings.
Entry-Level Positions:
Junior Residential Property Manager • Residential Property Manager Assistant • Associate Residential Property Manager • Entry-level Residential Property Manager
Mid-Level Positions:
Residential Property Manager • Senior Residential Property Manager • Lead Residential Property Manager • Residential Property Manager II
Senior-Level Positions:
Principal Residential Property Manager • Residential Property Manager Manager • Residential Property Manager Director • VP of Residential • Chief Residential Officer
Job Outlook: The Residential Property Manager field is projected to grow by 10% over the next decade, which is faster the average for all occupations. This growth indicates strong demand and promising career opportunities for qualified professionals.
Residential PM, Apartment Manager
✓ This role may be ideal if you:
- Enjoy solving complex problems and challenges
- Thrive in collaborative team environments
- Are committed to continuous learning and skill development
- Have strong attention to detail and quality
✗ This role might not be ideal if you:
- Prefer working alone without collaboration
- Dislike adapting to new technologies and methods
- Are uncomfortable with deadlines and pressure
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