Estate Managers (abbreviated EM) work directly with principals to plan and execute the overall management and service of an estate (including any homes, property or personal assets such as jets, yachts, etc.). Their primary responsibility is the oversight of household staff, vendors or contractors to ensure that the property is well-kept, secure and able to be enjoyed by all occupants and guests.
Duties may include hiring and supervising staff, scheduling and overseeing repairs/renovations, conducting regular maintenance on the home or property, handling financial matters such as budgets, payrolls, invoices and taxes, coordinating guest services/hospitality and providing routine updates and communication to the principal(s).
A successful Estate Manager will be someone with exceptional organizational and managerial skills, with a wide breadth of experience working for a household, hotel/resort or other luxury property. He or she should be able to handle competing priorities, work well under pressure and adapt to changing situations, while always providing high-quality service to the principal(s) and their guests.
An Estate Manager will generally possess a Bachelor’s (B.S. or B.A.) degree – frequently in the areas of business administration, communication, human resources, finance/accounting, real estate/construction management, culinary services, hotel/restaurant/property management or a related field.
Experienced Estate Managers should have 7+ years’ experience in household operations, property management or hospitality leadership in a private estate, family office or luxury hotel/resort setting.
Professional certifications/licenses are not required to be an Estate Manager, but an employer may prefer candidates with any of the following (or similar) certifications:
Responsibilities for an Estate Manager vary greatly depending on the size and number of residences owned, the size of household or support staff, etc., but common duties include:
Characteristics of a successful Estate Manager include:
Leadership
Above all, a skilled Estate Manager will be someone who possesses exceptional and natural leadership qualities, who can inspire and motivate those around them to perform at their highest capacity within their roles. This person should have a proven work ethic and should be someone who brings others together, maintains a positive and professional working environment, and whose demeanor is charismatic, while also being dynamic and persuasive.
Organizational/project management skills
An Estate Manager should be skilled in planning, organizing and executing projects on behalf of the principal(s). He or she should be able to realize a principal’s vision for their estate through setting clear goals, prioritizing tasks, delegating responsibilities, monitoring progress and evaluating outcomes, as well as handling multiple projects within an estate simultaneously, while meeting important deadlines.
Interpersonal communication
An Estate Manager should have outstanding interpersonal skills and communication abilities to interact effectively with principal(s), subordinate staff and guests, vendors, etc. He or she should have a high degree of emotional intelligence, being able to listen actively, communicate clearly and concisely, and resolve conflicts constructively.
Responsibility and integrity
An Estate Manager should be responsible and accountable for his or her actions and decisions. Although an Estate Manager will often be in charge of other staff, he or she must be capable to managing themselves and should take full ownership in their role within an estate. He or she should demonstrate integrity and honesty in all aspects of their work, adhering to ethical standards and principles and protecting the confidentiality and privacy of the estate and its principal(s) at all times.
Total compensation for an Estate Manager generally ranges from $130 – 300K, however high-level Estate Managers with specialized skills or the ability to manage an extensive team may exceed this range. Factors that command a higher salary include specific experience, education or training requirements, an ability to work outside of normal hours, flexibility to travel frequently between other homes or live-in at the primary residence, fluency in languages other than English and the ability to manage large-scale construction/renovation projects. Components of an Estate Manager’s compensation may include:
Base salary
A fixed annual amount received for performing duties as agreed upon. An Estate Manager’s base salary varies depending on the size and location of the estate they will manage as well as the experience and qualifications of the Estate Manager.
Discretionary bonus
Discretionary bonuses are variable amounts that are paid annually based on an individual’s performance. The percentage of compensation paid as a salary versus a bonus is entirely up to the employer, but for an Estate Manager, a discretionary bonus can range anywhere from 10 – 25% of total compensation. The most common reason for a higher bonus percentage (relative to salary) is to tie an employee’s compensation to their overall performance. It also allows an employer to set strategic goals during the employee’s annual performance evaluation, with the pay out of their bonus linked to the completion of stated goals.
Living expenses
A principal may prefer that their Estate Manager lives in with them, either at their residence, at an adjoining accommodation on their property or within certain proximity of the residence. Reasons for this include the need for this person to be available off-hours, the importance of proximity to the residence or principal due to various duties associated with the role or because the residence is located in a remote area. If a principal requires any of these living situations of their Estate Manager, housing and/or moving expenses are expected to be included in the employee’s compensation package.
An Estate Manager typically has access to the following corporate-style benefits (or receives a stipend to obtain such benefits themselves):
Medical, dental and vision
Standard health benefits help employees stay healthy, reduce absenteeism and ultimately increase productivity.
Retirement savings account
401k, thrift savings plan or simple IRA, especially with employer matched contributions, shows your employees your commitment to their future.
Paid time off
PTO allows your employees to take time off from work for various reasons, such as vacation, sickness, personal matters or holidays.
Travel/miscellaneous expenses
Expenses incurred when travelling or conducting business on behalf of the estate. Expenses include transportation, accommodations, meals and other costs related to business travel and may be reimbursed or covered by an allowance or budget.
Additional benefits are often included to enhance the attractiveness of an employment offer, as well as encouraging long-term employment. Such benefits include:
Education
Professional development
Health and wellness
Employee assistance
Charity
Family benefits
Workplace
An Estate Manager most often reports:
An Estate Manager is responsible for managing all private staff associated with a principal’s residence(s) and may also have responsibility for staff related to private yachts, jets, etc. Examples of staff they may manage include:
An Estate Manager is your trusted partner in overseeing the day-to-day operations of your estate. From managing staff to coordinating maintenance, they ensure that every element of your estate runs smoothly and efficiently. Their expertise lets you focus on your priorities, while they ensure your property stays in pristine condition.
Ready to take the management of your estate to the next level? Let us connect you with an Estate Manager who will provide comprehensive care for your home and beyond.
An Estate Manager is responsible for keeping your entire estate running smoothly and efficiently. From supervising other staff to managing property-related projects, their role ensures all details are meticulously handled. An Estate Manager can help:
Hiring an Estate Manager brings structure and efficiency to your daily life, ensuring that your family’s needs are met with expertise and care.
Employment has changed drastically the past few years—how we work, the type of work we do, and even where we work. Yet, while the world adapts, solutions for hiring private staff seem to be stuck in the past.
At Old State Staffing, we believe the status quo is not enough, and that those who decide now is the time to settle will be left behind. In the face of great change, tinkering around the edges simply won’t do. Since Day 1, our approach has been built on four key principles:
We’ve built Old State Staffing from the ground up, implementing the same cutting-edge recruiting tools used by the nation’s largest family offices. Historically inaccessible to smaller clients, these tools improve the tracking and management of talent, utilize machine learning for smarter searches, and intuitively compare compensation and qualification benchmarks both regionally and nationally. This allows us to find and match families with the best candidates quicker and more efficiently than ever before.
We knew from the start that our team would be our greatest differentiator. That’s because our agency is composed entirely of family office professionals who know what exceptional candidates look like; because we’ve applied to, managed, and hired for each of those positions ourselves.
Building and maintaining relationships is important today, more than ever before. We place immense value on our relationships, not just with our clients, but our candidates, and the community at large. We spent our “pandemic years” building partnerships with local universities, to open the doors of private staffing to recent college graduates in the most educated metropolitan area in the world.
Change is inevitable, yet private staffing has historically lagged in both hiring and employment standards. We’ve always been disruptors, first to adopt AI and machine learning—ensuring smarter, faster, more accurate matches for our clients.
We know that choosing an agency is a personal decision, and we’re honored for the time you have spent considering us as a partner in your search. If you haven’t spoken to us yet, let me be the first to say that we can’t wait to introduce you to our contacts, to guide you through the hiring process, and to introduce you to the perfect candidate. We know the stakes are high, but so are the rewards. With Old State Staffing you’ll be empowered to make informed, meaningful hiring decisions, so you can continue to thrive in a world that’s spinning faster every day.
Adam Cook
Founder & Managing Director