Property, Real Estate, and Community Association Managers
SOC Code: 11-9141 Job Zone 4: Considerable Preparation Needed
Plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
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Prevailing Wage Levels (National)
DOL/OFLC prevailing wage thresholds for Property, Real Estate, and Community Association Managers. Hourly rates x 2,080 = annual.
FY2027 Weighted Lottery Impact
| Level | Lottery Entries | Est. Selection Rate |
|---|---|---|
| Level I (Entry) | 1 entry | ~16% |
| Level II (Qualified) | 2 entries | ~31% |
| Level III (Experienced) | 3 entries | ~45% |
| Level IV (Expert) | 4 entries | ~61% |
Prevailing Wages by Metro Area
| Metro Area | Level I | Level II | Level III | Level IV |
|---|---|---|---|---|
| Greeley, CO | $64,626 | $108,410 | $152,214 | $195,998 |
| Denver-Aurora-Centennial, CO | $72,405 | $110,198 | $148,013 | $185,806 |
| Eastern and Southern Colorado nonmetropolitan area | $69,160 | $104,042 | $138,902 | $173,784 |
| Southwest Colorado nonmetropolitan area | $68,619 | $101,067 | $133,494 | $165,942 |
| Midland, TX | $48,734 | $85,030 | $121,326 | $157,622 |
| Fort Collins-Loveland, CO | $69,202 | $96,158 | $123,094 | $150,051 |
| Olympia-Lacey-Tumwater, WA | $82,056 | $104,686 | $127,296 | $149,926 |
| Spokane-Spokane Valley, WA | $82,784 | $104,728 | $126,651 | $148,595 |
| Seattle-Tacoma-Bellevue, WA | $77,979 | $101,213 | $124,446 | $147,680 |
| Bremerton-Silverdale-Port Orchard, WA | $82,722 | $104,333 | $125,965 | $147,576 |
Key Skills
| Skill | Importance | Level |
|---|---|---|
| Speaking | 4.0 | |
| Reading Comprehension | 3.9 | |
| Active Listening | 3.8 | |
| Writing | 3.6 | |
| Coordination | 3.6 | |
| Negotiation | 3.5 | |
| Critical Thinking | 3.5 | |
| Persuasion | 3.2 | |
| Social Perceptiveness | 3.2 | |
| Complex Problem Solving | 3.1 |
Knowledge Areas
| Knowledge | Importance |
|---|---|
| Customer and Personal Service | 4.6 |
| Administration and Management | 4.4 |
| English Language | 4.0 |
| Economics and Accounting | 4.0 |
| Law and Government | 3.9 |
| Public Safety and Security | 3.7 |
| Mathematics | 3.6 |
| Personnel and Human Resources | 3.5 |
Education Requirements
| Education Level | % of Workers |
|---|---|
| Bachelor's degree | 55.0% |
| High school diploma | 15.0% |
| Some college | 10.0% |
| First professional degree (MD, JD) | 10.0% |
| Post-secondary certificate | 5.0% |
| Associate's degree | 5.0% |
Typical Tasks
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
- Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
- Prepare detailed budgets and financial reports for properties.
- Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
Technology Skills
Green = Hot Technology in demand
Facebook Google Analytics Google Docs Hypertext markup language HTML Intuit QuickBooks Microsoft Access Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft Project Microsoft Windows Microsoft Word Yardi software Advantos Systems DataTrust Enterprise
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