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 annually. With some bonuses approaching $6K and certain profit sharing proceeds approaching $5K, overall incomes of Assistant Property Managers spread between $26K and $55K depending on individual performance. The most important factor affecting compensation for this group is location, followed by the specific employer and experience level. Slightly less than a fourth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and the greater part claim dental coverage as well. The majority of workers are highly satisfied with their job. Assistant Property Managers who responded to the questionnaire are largely women, dominating at 84 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$29,283 - $57,240

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$11.52 - $19.83

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Salary
$29,283 - $57,240  
   
Bonus
$0.00 - $5,541  
Profit Sharing
$0.00 - $5,068  
Commission
$460.00 - $9,228  
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).
)
$26,002 - $54,502  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,560
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$11.52 - $19.83  
   
Hourly Tips
$0.93 - $3.64  
Overtime
$15.47 - $30.46  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $5,541  
   
Commission
$460.00 - $9,228  
Profit Sharing
$0.00 - $5,068  
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).
)
$26,002 - $54,502  
Country: United States | Currency: USD | Updated: 18 Jul 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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Though some Assistant Property Managers move into positions like Senior Property Manager (where the average salary is $75K), this progression is not the norm. 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


Leading companies who hire large numbers of Assistant Property Managers include Property Management Company, Lincoln Property Company, Riverstone Residential Group, Cushman & Wakefield, Inc., and Jones Lang LaSalle. Lincoln Property Company offers the largest salaries in town ($48K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $26K to $57K.

Property Management Company is infamous for dishing out the smallest paychecks in the area (the median in that office is $32K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $22K while workers on the upper end may rake in $42K.

Popular Skills for Assistant Property Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Budget Management, Real Estate, Accounting, and Accounts Payable are correlated to pay that is above average, with boosts between 8 percent and 19 percent. Skills that seem to negatively impact pay include Leasing Software, Bookkeeping, and Microsoft Office. Most people experienced in Customer Service also know Administration. Most people who know Property Management also know 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.


Workers in their first five years can expect to earn $36K, but people who have been around for five to 10 years earn a noticeably bigger sum of $39K. Assistant Property Managers who work for 10 to 20 years in their occupation tend to earn about $41K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Assistant Property Managers report making only $40K on average.

Pay Difference by Location


With a pay rate for Assistant Property Managers that is 53 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Assistant Property Managers can also look forward to large paychecks in cities like Washington (+43 percent), New York (+28 percent), Los Angeles (+22 percent), and Boston (+20 percent). Orlando is home to the smallest salaries in the field, lagging the national average by 3 percent.

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





Property Management
up arrow 4%

Accounts Receivable
up arrow 2%

Customer Relations
up arrow 1%

National Average
$37,000

Collections
up arrow 2%

Microsoft Excel
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 482 votes.

Gender

Female
84 %
Male
16 %

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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