With so many similarities between property managers and community managers, it is quite tough to determine which is more beneficial for the career path I intend to acquire. Although few tasks of both managers will sometimes co-relate with each other, the general tasks and responsibilities differ drastically.

If all of this sounds exciting to you, you’re probably ready to pursue a career as a real estate agent! Our team at Illinois Brokers Academy is here to help you with our real estate courses for any real estate career you want.

FEW NOTABLE DIFFERENCES OF PROPERTY MANAGERS AND COMMUNITY MANAGERS

Do spot the two major differences between property managers and community managers :

State Requirements

A community manager needs 60 hours of educational training while the property manager needs only 24 hours. However, one should also possess an active real estate license in order to activate my property management permit. The permit has 90 hours of educational requirements. Furthermore, CAMs have to complete a minimum of 18 hours of accredited continuing education (CE) courses every 2 years. Property Manager holders complete a minimum of 3 hours in CE courses.

If you feel Illinois real estate is the industry for you, check out Illinois Brokers Academy. We offer pre-licensing and post-licensing courses, as well as state exam prep dates. Do check our updates now for more information.

Responsibilities

As previously mentioned, many of the basic obligations of property managers and community managers are quite alike but they vary immensely greatly in overarching tasks. Property managers are more involved in the day-to-day operation of every individual unit: moving tenants in/out, handling item repairs, collecting rent, or evaluating charges for damaged property. Community managers are generally responsible for the community as a whole as opposed to the individual tenants. They are also expected to make budgets for particular property expenses or manage the performance of managers.

To become a successful real estate agent, do check out Illinois real estate courses and kick-start your real estate career.

I hope the similarities and dissimilarities between the two toles are very clear now.