Assistant Property Manager Salary

It's impossible to make it big as a Assistant Property Managers in the United States; the average employee scrapes together only around $41K per year. In the world of Assistant Property Managers, overall income ranges from $26K near the bottom to $54K at the top; this can include more than $6K from bonuses and more than $5K from profit sharing in exceptional cases. While the company and experience level impact pay for this group, geographic location is the most influential factor. While some workers in this profession — just under a fourth — do not have any health coverage, a fair number do receive medical benefits and a majority have dental insurance. The vast majority (83 percent) of Assistant Property Managers who took the survey are female. Most Assistant Property Managers like their work and job satisfaction is high. The information for this snapshot was generated by responses to the PayScale salary survey.
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$29,382 - $57,080
(Median)
$29K
$41K
$57K
MEDIAN: $40,632
10%
50%
90%

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$11.47 - $19.79
(Median)
$11
$15
$20
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$29,382 - $57,080  
   
Bonus
$0.00 - $5,531  
Profit Sharing
$0.00 - $5,106  
Commission
$460.00 - $8,873  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,912 - $54,317  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,537
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$11.47 - $19.79  
   
Hourly Tips
$0.93 - $3.64  
Overtime
$15.17 - $30.26  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $5,531  
   
Commission
$460.00 - $8,873  
Profit Sharing
$0.00 - $5,106  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,912 - $54,317  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,396
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Job Description for Assistant Property Manager

Assistant property managers oversee the daily activities of one or more rental properties; these are typically residential properties, such as large apartment buildings or condominiums.

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Assistant Property Manager Tasks

  • Manage tenant move-in and move-out processes, handing paperwork, evaluating applicants, and explaining policies.
  • Schedule showings of vacant units, advertise vacancies, and conduct tours.
  • Assist the manager with administrative tasks such as preparing the budget, collecting rent, and sending tenant notices.
  • Oversee facility upkeep, inspecting and maintaining units, public areas, and grounds.

Common Career Paths for Assistant Property Manager


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Assistant Property Managers sometimes assume positions such as Senior Property Managers. That role pays $75K per year on average. Assistant Property Managers most often move into positions as Property Managers or Commercial Property Managers; those groups report median salaries that are $5K higher and $19K higher, respectively.

Assistant Property Manager Job Listings

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Popular Employer Salaries for Assistant Property Manager


Leading companies who hire large numbers of Assistant Property Managers include Property Management Company, Lincoln Property Company, Riverstone Residential Group, Jones Lang LaSalle, and Cushman & Wakefield, Inc. Although Lincoln Property Company heads up the field in terms of compensation, offering the highest median salary at $48K, pay at this particular employer still varies considerably, running the full spectrum from $26K to $58K.

Offering a median salary of only $32K, Property Management Company gives out the smallest paychecks. Furthermore, the earnings range of $22K to $42K isn't that wide, either.

Popular Skills for Assistant Property Manager


Assistant Property Managers report using a large range of skills on the job. Most notably, skills in Budget Management, Accounting, Accounts Payable, and Property Management are correlated to pay that is above average, with boosts between 6 percent and 20 percent. Skills that pay less than market rate include Leasing Software, Bookkeeping, and Customer Service. Most people familiar with Property Management also know Customer Relations, Administration, and Accounts Receivable. Most people experienced in Customer Service also know Administration.

Pay by Experience Level for Assistant Property Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $36K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $39K. Assistant Property Managers with one to two decades of relevant experience report an average salary of approximately $41K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $40K.

Pay Difference by Location


Assistant Property Managers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 51 percent. Assistant Property Managers will also find cushy salaries in Washington (+44 percent), New York (+26 percent), Boston (+22 percent), and Los Angeles (+21 percent). Orlando ranks last in the field for pay, reporting salaries 4 percent below the national average.

Assistant Property Manager Reviews

What is it like working as an Assistant Property Manager?

Assistant Property Manager in Birmingham:
"Meeting people and taking care of their homes."
Pros: Helping people find and maintain a place to call home.
Cons: Stress, micromanagement, culture, expectations.

Assistant Property Manager in Elk Grove:
"Interesting to say the least."
Pros: How different things are on a daily. Helping people find the perfect home. The people I work with. I have great property managers.
Cons: Declining applications, evictions, management, lots & lots of work. Stress.

Assistant Property Manager in Houston:
"Annual Review."
Pros: The environment is small. And family oriented. We all work as a team when deadlines are to be kept.
Cons: Gossiping and personal information is leaked out.

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Experience Affects Assistant Property Manager Salaries




National Average
$37,000


Skills That Affect Assistant Property Manager Salaries





Customer Relationship Management (CRM)
up arrow 2%

Customer Relations
up arrow 1%

Accounts Receivable
up arrow 1%

National Average
$37,000

Microsoft Excel
up arrow 1%

Collections
up arrow 2%

Administration
up arrow 3%

Customer Service
up arrow 4%

Microsoft Office
up arrow 4%

Office Administration
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 488 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
5%
1-4 years
52%
5-9 years
27%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 74% dental benefits Dental: 62%
vision benefits Vision: 48% employee benefits None: 23%
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