Property developer to real estate manager
A property developer already meets 35% of what the real estate manager role asks for. The move turns on 20 required skills not yet in the profile.
69.2/ 100
1 How much of what a real estate manager is expected to do is already part of a property developer’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the real estate manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A real estate manager role treats 11 of its required skills as things a property developer already does. You would walk in with these on day one.
- audit contractors
- budgetary principles
- compare property values
- create a financial plan
- execute feasibility study
- maintain financial records
What stands in the way is 20 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 15 skills that carry over, these are the ones fewest other occupations ask for. A real estate manager role needs them, and most people applying for one will not have them already. This is the part of a property developer background worth leading with.
- already held audit contractors information skills
- already held monitor contractor performance management skills
- already held provide information on properties communication, collaboration and creativity
- already held value properties information skills
- already held compare property values information skills
- already held attend trade fairs communication, collaboration and creativity
All 15 carried skills, including the 11 the real estate manager role treats as required.
Table 3 · What you may need to learn
The 29 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn collect rental fees required
- still to learn control financial resources required
- still to learn enforce financial policies required
- still to learn organise a damage assessment required
- still to learn strive for company growth required
- still to learn supervise property development projects required
- optional, not held manage budgets optional
- optional, not held plan health and safety procedures optional
- still to learn corporate social responsibility required
- still to learn financial analysis required
- still to learn financial management required
- still to learn financial statements required
- still to learn property law required
- optional, not held concurrent estate optional
- optional, not held modern portfolio theory optional
- still to learn analyse financial performance of a company required
- still to learn analyse insurance risk required
- still to learn analyse market financial trends required
- still to learn obtain financial information required
- still to learn trace financial transactions required
- optional, not held examine the conditions of buildings optional
- still to learn advise on financial matters required
- still to learn create insurance policies required
- still to learn liaise with managers required
- optional, not held advise on property value optional
- optional, not held develop professional network optional
- optional, not held inform on renting agreements optional
- optional, not held negotiate with property owners optional
- still to learn follow company standards required
Table 4 · Where to start
The 3 entries a real estate manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 collect rental fees practise this
- 02 corporate social responsibility study this
- 03 advise on financial matters practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 15 skills that carry over
- already held audit contractors skill
- already held budgetary principles knowledge
- already held compare property values skill
- already held create a financial plan skill
- already held execute feasibility study skill
- already held maintain financial records skill
- already held manage contracts skill
- already held manage staff skill
- already held monitor contractor performance skill
- already held provide cost benefit analysis reports skill
- already held real estate market knowledge
- already held attend trade fairs skill
- already held provide information on properties skill
- already held recruit employees skill
- already held value properties skill
9 supplementary skills, helpful but not required
- optional, not held advise on property value optional
- optional, not held concurrent estate optional
- optional, not held develop professional network optional
- optional, not held examine the conditions of buildings optional
- optional, not held inform on renting agreements optional
- optional, not held manage budgets optional
- optional, not held modern portfolio theory optional
- optional, not held negotiate with property owners optional
- optional, not held plan health and safety procedures optional
26 held skills the real estate manager role does not ask for
- not needed by the target role accounting techniques knowledge
- not needed by the target role architecture regulations knowledge
- not needed by the target role assess financial viability skill
- not needed by the target role building codes knowledge
- not needed by the target role building systems monitoring technology knowledge
- not needed by the target role business management principles knowledge
- not needed by the target role contract law knowledge
- not needed by the target role coordinate marketing plan actions skill
- not needed by the target role develop energy saving concepts skill
- not needed by the target role energy performance of buildings knowledge
- not needed by the target role ensure compliance with legal requirements skill
- not needed by the target role estimate profitability skill
- not needed by the target role follow health and safety procedures in construction skill
- not needed by the target role investment analysis knowledge
- not needed by the target role keep records of work progress skill
- not needed by the target role leasing process knowledge
- not needed by the target role liaise with financiers skill
- not needed by the target role liaise with quality assurance skill
- not needed by the target role liaise with shareholders skill
- not needed by the target role manage maintenance operations skill
- not needed by the target role market research knowledge
- not needed by the target role monitor parameters' compliance in construction projects skill
- not needed by the target role negotiate land access skill
- not needed by the target role negotiate land acquisition skill
- not needed by the target role oversee planning of security systems skill
- not needed by the target role use safety equipment in construction skill
7 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn corporate social responsibility required
- still to learn financial analysis required
- still to learn financial management required
- still to learn financial statements required
- still to learn property law required
- optional, not held concurrent estate optional
- optional, not held modern portfolio theory optional
Common questions about this move
Can a property developer become a real estate manager?
Yes, and it is a substantial move. A property developer already covers 35% of what a real estate manager is expected to do: 15 skills carry over, 11 of which the real estate manager role treats as required.
What skills does a property developer need to become a real estate manager?
20 required skills are missing, plus 9 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by management skills. The single most important is collect rental fees.
How hard is the move from property developer to real estate manager?
Its learning distance is 69.2 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.