Thank you all so much for the quick responses. I do know there are exceptions to the salary approach but your answers have been helpful in validating what I believed to be correct . About -90% of companies pay CMs salary vs hourly.
In my experience the managers hours typically matched the community's leasing office hours - unless those hours were greater than 9 hours on any given day then the manager was likely 9 am to 6 pm w/ an hour for lunch. And most had Sat & Sun off unless it was a really small community. And, those really small communities might be the ones where a manager is hourly.
method of payment (hourly or salary) is different than status (exempt vs. non-exempt). You could be exempt from overtime due to the amount of pay and duties, but paid hourly. So maybe your question is about status?