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Assistant Property Manager Salary

Pay for Assistant Property Managers in the United States is very modest at just $40K annually. In the world of Assistant Property Managers, total cash compensation can vary between $26K and $53K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $5K and $6K, respectively. Earnings for this group are mostly affected by location, followed by the specific employer and experience level. The vast majority of Assistant Property Managers (82 percent) who participated in the survey are women. Job satisfaction is high and work is enjoyable for most Assistant Property Managers. About a fourth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and a majority claim dental coverage as well. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$28,287 - $56,228
(Median)
28K
34K
40K
48K
56K
MEDIAN: $40,138
10%
25%
50%
75%
90%

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$11.24 - $19.69
(Median)
11
15
17
20
MEDIAN: $14.00
10%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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$19K$38K$57K
Salary
$28,287 - $56,228  
   
Bonus
$0.00 - $5,216  
Profit Sharing
$0.00 - $5,575  
Commission
$488.67 - $8,510  
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).
)
$25,539 - $53,378  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,463
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$10$20$30
Hourly Rate
$11.24 - $19.69  
   
Hourly Tips
$0.93 - $3.64  
Overtime
$15.73 - $29.96  
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$20K$40K$60K
Bonus
$0.00 - $5,216  
   
Commission
$488.67 - $8,510  
Profit Sharing
$0.00 - $5,575  
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).
)
$25,539 - $53,378  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,335
United States (change)

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. Career advancement for the typical Assistant Property Manager often leads to becoming a Property Manager or a Commercial Property Manager; median salaries in these positions are $5K higher and $19K higher, respectively.

Assistant Property Manager Job Listings

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Popular Employer Salaries for Assistant Property Manager


Although Jones Lang LaSalle 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 $40K to $82K.

Property Management Company offers the lowest compensation; the median salary there averages out to only $32K. The pay range is also narrow, ranging between $22K and $42K.

Popular Skills for Assistant Property Manager


Assistant Property Managers seem to exploit 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 7 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. For most people, competency in Customer Service indicates knowledge of Administration.

Pay by Experience Level for Assistant Property Manager

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


Workers in their first five years can expect to earn $35K, but people who have been around for five to 10 years earn a noticeably bigger sum of $39K. The average pay reported by folks with 10 to 20 years of experience is around $41K. Assistant Property Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $39K.

Pay Difference by Location


Washington is home to an above-average pay rate for Assistant Property Managers, 47 percent higher than the national average. Assistant Property Managers can also look forward to large paychecks in cities like San Francisco (+46 percent), New York (+27 percent), Boston (+23 percent), and Los Angeles (+22 percent). Orlando ranks last in the field for pay, reporting salaries 10 percent below the national average.

Assistant Property Manager Reviews

What is it like working as an Assistant Property Manager?

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.

Related Job Salaries

Experience Affects Assistant Property Manager Salaries




National Average
$37,000


Skills That Affect Assistant Property Manager Salaries






Accounts Receivable
up arrow 3%

Microsoft Excel
up arrow 3%

Customer Relations
up arrow 1%

National Average
$37,000

Administration
up arrow 2%

Microsoft Office
up arrow 2%

Office Administration
up arrow 2%

Customer Service
up arrow 3%

Collections
up arrow 3%

Bookkeeping
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 512 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
4%
1-4 years
52%
5-9 years
28%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 73% dental benefits Dental: 61%
vision benefits Vision: 46% employee benefits None: 24%