Apartment Manager Salary
Job Description for Apartment Manager
Apartment managers are responsible for keeping their apartment complex or complexes running efficiently. Duties may vary somewhat depending on the size of the apartment complex, but, in general, apartment managers are required to oversee both day-to-day and longer-term duties.Read More...
Apartment managers collect monthly rent, pay utilities and other bills incurred by the complex, mediate disputes between tenants, and facilitate the repair and upkeep of the apartments and grounds. In larger complexes, some of these jobs may be outsourced, and the apartment manager acts in a supervisory role. In smaller complexes, the apartment manager may be required to perform basic maintenance.
One of the biggest tasks or challenges for apartment managers is tenant relations. Keeping apartments occupied is a primary duty for apartment managers, so they spend substantial time dealing with tenants and showing units to potential renters. Depending on apartment turnover, a manager may spend a significant amount of time outside of the office hosting showings. In larger complexes where apartment managers supervise workers, they also create worker schedules and maintain an organized record system for repairs, work-orders, and complaints.
Generally, apartment managers are required to have at least an associate's degree in business management or a similar field. Many employers require additional education specific to the job, such as accounting and sales courses. Apartment management is generally not an entry-level job, and most companies look for a background in management; most employers prefer to hire those with previous apartment management experience of at least two years.
Apartment Manager Tasks
- Promote the property to prospective tenants, including conducting tours.
- Respond to emergency and litigation situations.
- Document and update tenant and property information, including processing applications.
- Explain and enforce lease and legal requirements and make payment collections.
- Maintain property, including scheduling repairs and overseeing maintenance.
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Popular Skills for Apartment Manager
Survey results imply that Apartment Managers put a diverse skill set to use. Most notably, facility with Budget Management, Operations Management, and Customer Relationship Management (CRM) are correlated to pay that is significantly above average, leading to increases of 20 percent, 9 percent, and 5 percent, respectively. Skills that seem to negatively impact pay include Facility Maintenance & Coordination, Bookkeeping, and Maintenance. Most people experienced in Customer Service also know Customer Relationship Management (CRM).
Pay by Experience Level for Apartment Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Apartment Managers do not generally earn higher incomes from more experience in the field. Survey participants with less than five years' experience pocket $30K on average, but those with five to 10 years of experience enjoy a much bigger median of $34K. Apartment Managers claiming one to two decades of experience make an estimated median of $38K. More than 20 years of experience mean a somewhat bigger median paycheck of $40K, but it's not much more than what less experienced people make.
Pay Difference by Location
Dallas is home to an above-average pay rate for Apartment Managers, 62 percent higher than the national average. Apartment Managers can also look forward to large paychecks in cities like Austin (+52 percent), Denver (+36 percent), Fort Worth (+29 percent), and San Diego (+19 percent). Apartment Managers in Sacramento make 38 percent less than the national average, proving that location is a major factor in pay. Workers in Spokane and Tulsa earn salaries that trail the national average for those in this profession (26 percent less and 16 percent less, respectively).
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