Type of Job:

White collar
Generative AI will change white-collar jobs by automating tasks, making work easier, or changing how jobs are done. Highly educated roles may be most affected, while blue-collar jobs could see more demand.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Property, Real Estate, and Community Association Managers be replaced by AI & Robots?

Property, Real Estate, and Community Association Managers risk of being automated:

Medium

This job has a medium likelihood of substantial automation within the next 20 years, placing it in the third quartile for automation probability among occupations.

Current Degree of Automation:

30
(1-100)

Source

Key findings

GenAI is set to enhance rather than revolutionize the roles of Property, Real Estate, and Community Association Managers.

It will streamline administrative tasks like data entry and scheduling, freeing up time for more critical thinking and decision-making.

AI will assist in market analysis and predictive modeling, improving efficiency in property management.

GenAI’s ability to generate text and multimedia content will aid in communication and marketing strategies.

Overall, GenAI will augment the skills of managers in this field, enabling them to focus on strategic planning and relationship building.

How could AI or automation replace or complement job activities?

AI, automation, or LLMs could automate activities like digital data processing, information ordering, and memorization for Property Managers.

For example, AI could efficiently analyze property values and traffic patterns to determine acquisitions, freeing managers for strategic decision-making.

Job description

Manages the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. This includes overseeing homeowner and condominium associations, rented or leased housing units, buildings, or land.

Consequence of Making Errors

40

(1-100)

Moderately serious Source
In manufacturing, the seriousness of errors for property managers doesn't directly indicate if the job will be automated soon.

How Repetitive is the Job?

48

(1-100)

Fairly important Source
Automation in property management frees up time for complex problem-solving and contextual analysis. While it enhances job quality by removing hazardous tasks, automating fulfilling ones may reduce job satisfaction.
Average Anual salary USD$
$76,110

Source

Number of profesionals in USA
880,000

Source

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