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.

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Average Years of Experience

0 - 1
12%
2 - 4
45%
5 - 7
32%
8+
11%

Common Skill Sets

Microsoft Office Suite
Excellent Communication
Meet Deadlines
Leases
Attention To Detail
Interpersonal and Communication
Powerpoint
Due Diligence

Real Estate Manager Seniority Levels

Facilities Manager
6% made the transition
Marketing Coordinator
38% made the transition
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Real Estate Manager Salaries

Average Base Pay

£50,353 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
£27K
Median: £50K
£93K
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Glassdoor Estimated Salary

Real Estate Manager jobs

Real Estate Manager Interviews