Will AI Replace Property, Real Estate, and Community Association Managers?

Prepare detailed budgets and financial reports for properties.

Semi-structured task combining routine and non-routine responsibilities.

Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Direct and coordinate the activities of staff and contract personnel and evaluate their performance.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.

Semi-structured task combining routine and non-routine responsibilities.

Market vacant space to prospective tenants through leasing agents, advertising, or other methods.

Semi-structured task combining routine and non-routine responsibilities.

Act as liaisons between on-site managers or tenants and owners.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.

Routine cognitive or manual task with high vulnerability to automation.

Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Solicit and analyze bids from contractors for repairs, renovations, and maintenance.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Purchase building and maintenance supplies, equipment, or furniture.

Semi-structured task combining routine and non-routine responsibilities.

Review rents to ensure that they are in line with rental markets.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Clean common areas, change light bulbs, and make minor property repairs.

Semi-structured task combining routine and non-routine responsibilities.

Determine and certify the eligibility of prospective tenants, following government regulations.

Semi-structured task combining routine and non-routine responsibilities.

Confer regularly with community association members to ensure their needs are being met.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.

Semi-structured task combining routine and non-routine responsibilities.

Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Contract with architectural firms to draw up detailed plans for new structures.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Negotiate short- and long-term loans to finance construction and ownership of structures.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.