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
- Explain and enforce lease and legal requirements and make payment collections.
- Maintain property, including scheduling repairs and overseeing maintenance.
- Document and update tenant and property information, including processing applications.
- Promote the property to prospective tenants, including conducting tours.
- Respond to emergency and litigation situations.
Apartment Manager Job Listings
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Popular Skills for Apartment Manager
Overall, survey participants reported applying a fair number of skills to their work. 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 23 percent, 9 percent, and 5 percent, respectively. At the other end of the pay range are skills like Facility Maintenance & Coordination, Maintenance, and Bookkeeping. 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. Although individuals who have less than five years' experience earn $30K on average, people with five to 10 years benefit from a notably larger average of $34K. On average, Apartment Managers make $38K following one to two decades on the job. Apartment Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $40K on average.
Pay Difference by Location
For Apartment Managers, working in the bustling city of Dallas has its advantages, including an above-average pay rate. Apartment Managers will also find cushy salaries in Austin (+55 percent), Denver (+47 percent), Fort Worth (+31 percent), and San Antonio (+31 percent). Compared to the national average, Portland Apartment Managers have considerably lower salaries, 28 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers pay around 26 percent less in Sacramento and 15 percent less in Tulsa, below-median salaries for those in this field.