Assistant Property Manager Salary

Pay for Assistant Property Managers in the United States is very modest at just $41K annually. Cash earnings for Assistant Property Managers — which occasionally include more than $5K from bonuses and more than $5K from profit sharing — stretch from around $26K to approximately $54K. The most influential factor affecting pay for this group is residence, though the specific employer and experience level have a (lesser) impact as well. Health benefits are not claimed by all — somewhere between a fifth and a fourth lack any form of coverage — but a strong majority have medical insurance, and the larger part have dental, too. Most Assistant Property Managers report high levels of job satisfaction. The vast majority of Assistant Property Managers (83 percent) who responded to the survey are women. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$29,376 - $57,071
(Median)
$29K
$41K
$57K
MEDIAN: $40,646
10%
50%
90%

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$11.48 - $19.81
(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
$29,376 - $57,071  
   
Bonus
$0.00 - $5,484  
Profit Sharing
$0.00 - $5,106  
Commission
$478.53 - $9,193  
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).
)
$25,956 - $54,375  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,544
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
$11.48 - $19.81  
   
Hourly Tips
$0.93 - $3.64  
Overtime
$15.31 - $30.44  
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 - $5,484  
   
Commission
$478.53 - $9,193  
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).
)
$25,956 - $54,375  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,398
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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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While not commonly seen, Assistant Property Managers who transition into a Senior Property Manager position may see a rise in pay. The median salary for Senior Property Managers is $75K per year. Typical career progression for an Assistant Property Manager involves becoming a Property Manager or a Commercial Property Manager, roles that pay $5K more and $19K more on average.

Assistant Property Manager Job Listings

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Popular Employer Salaries for Assistant Property Manager


Property Management Company, Lincoln Property Company, Riverstone Residential Group, Jones Lang LaSalle, and Cushman & Wakefield, Inc. are all popular places to work. Although Lincoln Property Company leads the field in pay with a median salary of $48K, employees there receive a wide spread of salaries, from $26K on the low end all the way up to $58K at the top.

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 deep pool 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 19 percent. At the other end of the pay range are skills like Leasing Software, Bookkeeping, and Customer Service. For most people, competency in Customer Service indicates knowledge of Administration. Most people skilled in Property Management are similarly competent in Customer Relations, Administration, and Accounts Receivable.

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 claiming one to two decades of experience make an estimated median of $41K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $40K.

Pay Difference by Location


San Francisco offers some of the highest pay in the country for Assistant Property Managers, 51 percent above the national average. Assistant Property Managers can also look forward to large paychecks in cities like Washington (+44 percent), New York (+27 percent), Los Angeles (+21 percent), and Boston (+20 percent). The smallest paychecks in the market, 3 percent south of the national average, can be found in Orlando.

Assistant Property Manager Reviews

What is it like working as an Assistant Property Manager?

Assistant Property Manager in Dallas:
"Very confident and passionate."
Pros: Marketing, benefits, and ability to put smiles on faces with the simplest task.
Cons: Inability to not meet the residents needs and complete all day to day scheduled task.

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





Accounts Receivable
up arrow 2%

Customer Relationship Management (CRM)
up arrow 2%

Customer Relations
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 485 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
5%
1-4 years
51%
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: 49% employee benefits None: 23%
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