Management Careers: Administrative Services Managers

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What They Do

When it's time to rent property, whether it's for your home or business, there is one person you depend heavily on to guide you – the property manager, real estate manager, or community association manager (depending on the type of property you're looking at).

The property manager, real estate manager, or community association manager oversees the property and ensures it presents itself well. These manager careers include overseeing the daily operations and preserving or improving properties' resale value. These manager careers also include regularly meeting with prospective renters, answering questions about the property and explaining the lease and terms of occupancy.

If the renters chose to move forward, the property, real estate or community association manager collects their monthly fees, including rent, mortgage, taxes, insurance, payroll, and cleaning fees. These manager careers also include contracting for garbage removal, landscaping, security, and other services.

The manager is the renter's point of contact if any issues within the property come up, such as broken equipment, violations or complaints about disturbances.

Property managers, real estate managers, and community association managers must regularly inspect the property, keep records of all rental activity, prepare budgets and financial reports, and keep up on – and adhere to – laws related to their industry, such as the Americans with Disabilities Act, the Federal Fair Housing Amendment Act, and local fair housing laws.

A property manager career and a real estate manager career include overseeing operations of income-producing commercial or residential properties. A community association manager career includes overseeing properties such as condominiums, cooperatives, and planned communities through homeowner or community associations.