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Real Estate Manager Job Description: Top Duties and Qualifications

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A Real Estate Manager, or Property Manager oversees residential, commercial and industrial real estate on behalf of its owner. Their duties include keeping properties in good condition, helping owners create budgets and generating income on their behalf.

Real Estate Manager duties and responsibilities

The exact duties of a Real Estate Manager depend on the requirements of the property owner. Those who manage smaller properties, may for instance, have a more hands-on role that could involve being responsible for daily services and operations. Generally, their main duties include:

  • Hiring, training and supervising staff members and Groundskeepers
  • Responding to reported maintenance issues and ensuring that the necessary repairs take place
  • Assisting property owners with financial tasks, such as mortgage, tax and insurance payments
  • Handling all tenant-related matters, including complaints, disputes and the collection of rental payments
  • Conducting regular inspections of properties and facilities to ensure that all is in order
  • Hiring, overseeing and paying contractors
  • Marketing vacant apartments, houses or buildings on behalf of property owners
  • Providing owners with regular updates and reports and making relevant recommendations

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Real Estate Manager Job Description Examples:

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What does a Real Estate Manager do?

Property owners employ Real Estate Managers for various reasons. Some may lack the expertise to deal with tenants and take care of maintenance tasks. Others who own multiple properties may need hands-on assistance in running their estates in their absence. Apart from overseeing the upkeep of a property and functioning as a liaison between landlords and tenants, Real Estate Managers may also provide financial and legal advice for property owners. Some property owners may even require that a Real Estate Manager handles all activities that lead to the purchase, sale, lease or development of a property.

Real Estate Manager skills and qualifications

Real Estate Managers interact with people throughout their working day. Whether they’re reporting to a landlord, overseeing contractors or dealing with tenants, Real Estate Managers should have excellent communication skills. They need the ability to listen to relevant parties and must also be able to effectively share information. A successful Real Estate Manager candidate will have various other prerequisite skills and qualities, which include:

  • Good problem-solving skills to come up with effective solutions when challenges arise
  • Excellent organisational skills to effectively manage the operations of multiple properties
  • The ability to build effective relationships with owners and tenants
  • Knowledge of relevant real estate laws and regulations
  • Solid financial acumen to assist owners with financial activities
  • Excellent customer service skills to provide both owners and tenants with the service and support they require
  • Good marketing skills to effectively market properties

Real Estate Manager experience requirements

The level of experience a Real Estate Manager needs depends on the position. Some employers may ask that candidates show previous experience in commercial or residential property management. Others may be satisfied if candidates have previous experience working in real estate or a professional customer service environment. Depending on the position, candidates may need to meet specific requirements, such as knowledge of relevant legislation or experience in managing a portfolio of high-end properties.

Real Estate Manager education and training requirements

There are no fixed education or training requirements for this profession. Whereas some Real Estate Managers have a few GCSEs, others hold a bachelor’s degree in real estate, finance or business administration. There are various professional qualifications that candidates can obtain to develop their skills and knowledge in the field. The Association of Residential Letting Agents (ARLA), for instance, offers many relevant qualifications. Examples include the Level 2 Award in Introduction to Residential Property Management Practice or the Level 3 Award in Residential Letting and Property Management.

Real Estate Manager salary expectations

According to Indeed Salaries, the average salary for a Real Estate Manager in the U.K. is £54,971 per year. Salaries vary depending on factors like location, employer and level of experience.

Job description samples for similar positions

If this job description doesn’t adequately describe the job opening you have, here are a few job description samples of similar positions to consider:

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Real Estate Manager job description FAQs

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