Explore the critical requirements, core duties, primary responsibilities, and key skills that should be included in a comprehensive Real Estate Manager job description.
What does a Real Estate Manager do?
A real estate manager is in charge of overseeing all aspects of a property. This includes handling finances, managing maintenance workers, and negotiating contracts with contractors, suppliers, and vendors. They are also responsible for setting rental prices.
Job Description
We are seeking a highly skilled real estate manager to effectively manage our property and its finances. Your role will involve negotiating rental agreements, purchasing supplies, and supervising staff members and groundskeepers.
To be successful in this position, you should have extensive experience in real estate management and be skilled in contract negotiation. A great real estate manager will also have a strong understanding of finances and be able to effectively manage a property.
Job Duties and Responsibilities
- Managing the purchase, sale, rental, or development of properties
- Tracking income and expenses for the property and collecting payments
- Determining rental prices and negotiating lease agreements
- Approving maintenance, repairs, and purchases for the property
- Negotiating contracts with vendors, suppliers, and contractors
- Overseeing maintenance workers, cleaning crews, contractors, and groundskeepers
- Keeping property owners informed about taxes, occupancy rates, and lease expiration dates
- Resolving complaints from residents and tenants
- Preparing financial statements and records
- Reporting regularly to property owners and investors
Requirements and Qualifications
- Bachelor's degree in real estate, finance, business administration, or project management
- At least two years of experience in project management, real estate, or a related field
- Extensive experience in managing property purchases, sales, rentals, and development
- Proficiency in real estate management software, such as Buildium and AppFolio
- Experience in managing payments, negotiating contracts, and determining rental rates
- Thorough understanding of property law, taxes, and financial statements
- Knowledge of property maintenance and finding vendors and suppliers
- Ability to handle resident and tenant complaints and supervise workers and contractors
- Strong communication and leadership skills
Real Estate Manager Salary
The earning potential of a Real Estate Manager can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Real Estate Manager in the United States is approximately $146313.
Alternative Careers and Similar Jobs to a Real Estate Manager
- Estate Manager Job
- Real Estate Agent Job
- Real Estate Assistant Job
- Real Estate Lawyer Job
- Real Estate Paralegal Job
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