Property Manager Salary: What Is Involved

property managerAnyone who has rented an apartment, house or any other piece of property has likely had to deal with a property manager. For many, this seems like a dream job, to get a free place to stay and help people find a place to live every day. The job of a property manager involves a lot of organization, people skills, bookkeeping and an understanding of the property. Property managers have to field a lot of phone calls and e-mails and promote initiatives throughout the property, in order for it to continue growing and thriving. There are a lot of people who have enjoyed this career path, but the big question is, how much does it pay?

According to data, people who work in the field stand to make a lot of money. The median property manager salary in the United States is approximately $85,000. They are able to use a lot of the skills, including business, human resources and public relations. People who have degrees in these types of fields stand a chance of getting an increase in salary, in order to help better their lives. Anybody looking to make the most out of the job should conduct thorough research into what the job will pay in their particular area.

Commission

In some cases, a property manager will be able to receive commission for finding new tenants. A lot of times, there are promotions available for prospective tenants, such as reduced rent, free rent for a certain number of months and a host of other circumstances. This goes a long way toward helping property managers rent the apartments or units to tenants, get commission and boost their salary in the process.

It goes without saying though, that in order to make the biggest property manager salary, a person must work in an area where property is more expensive, prestigious or plentiful. In these areas, property managers are paid very well to take care of the property, because a lot of time and energy went into it. The jobs require meetings, inspection of the grounds, showing apartments to prospective tenants and arranging for repairs and maintenance throughout the years. They also process applications for any new tenants, and help people to make sure that they are able to get help when they need it. A lot of companies now prefer that their property managers have college degrees, and this makes the competition more stiff across the board. No longer can people get by with a high school diploma, they should, instead have higher education experience. In some situations, people are even required to have real estate licenses.

Regardless of what area a person searches for in terms of job prospects, they will be able to find property management jobs available at some point. It is a matter of preference to choose a city that pays more, and this is not a bad idea, because the possibilities for an excellent salary are great. Research is always key, and will help find these areas.