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Assistant Property Manager Salary

Pay for Assistant Property Managers in the United States is very modest at just $41K per year. Overall cash earnings for Assistant Property Managers vary widely between $26K and $54K; for a few high rollers, the final number can encompass upwards of $5K each from bonuses and profit sharing proceeds. This group's pay is mainly influenced by geography, followed by the company and years of experience. The majority of Assistant Property Managers claim high levels of job satisfaction. There are far more female Assistant Property Managers who answered the questionnaire than men, making up 83 percent. While some workers in this profession — nearly one-fourth — do not have any health coverage, a fair number do receive medical benefits and a majority have dental insurance. The data in this summary comes from the PayScale salary survey.
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$29,278 - $56,940
(Median)
$29K
$41K
$57K
MEDIAN: $40,609
10%
50%
90%

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$11.32 - $19.72
(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$19K$38K$57K
Salary
$29,278 - $56,940  
   
Bonus
$0.00 - $5,481  
Profit Sharing
$0.00 - $5,333  
Commission
$484.79 - $9,006  
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).
)
$25,783 - $54,027  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,521
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
$11.32 - $19.72  
   
Hourly Tips
$0.93 - $3.64  
Overtime
$15.07 - $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 - $5,481  
   
Commission
$484.79 - $9,006  
Profit Sharing
$0.00 - $5,333  
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).
)
$25,783 - $54,027  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,378
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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. Property Managers or Commercial Property Managers are common next-step roles for Assistant Property Managers moving up in their careers; annual pay for Property Managers is $5K higher on average, and it's $19K higher for Commercial Property Managers.

Assistant Property Manager Job Listings

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Popular Employer Salaries for Assistant Property Manager


Assistant Property Managers fill the offices of leading firms Property Management Company, Lincoln Property Company, Riverstone Residential Group, Jones Lang LaSalle, and Greystar Management. Employees of Lincoln Property Company can expect to make the most, with the company offering a median salary of $48K; however, pay is widely dispersed from bottom to top, ranging from $26K to $58K.

With a median salary of only $32K, Property Management Company pays the least. It seems that the compensation range of $22K to $42K isn't that wide, either.

Popular Skills for Assistant Property Manager


Assistant Property Managers seem to exploit a large range of skills on the job. Most notably, facility with Budget Management, Accounting, and Accounts Payable are correlated to pay that is significantly above average, leading to increases of 20 percent, 8 percent, and 6 percent, respectively. Skills that seem to negatively impact pay include Leasing Software, Bookkeeping, and Customer Service. Skill sets containing Property Management also tend to include 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.


Those in the early stages of their career can expect to make around $36K; however, individuals with five to 10 years of experience bring in $39K on average — a distinctly larger sum. Assistant Property Managers claiming one to two decades of experience make an estimated median of $41K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $40K.

Pay Difference by Location


For Assistant Property Managers, San Francisco provides a pay rate that is 50 percent greater than the national average. Assistant Property Managers will also find cushy salaries in Washington (+44 percent), New York (+30 percent), Boston (+24 percent), and Los Angeles (+23 percent). In Orlando, salaries are 4 percent below the national average and represent the lowest-paying market.

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 3%

Accounts Receivable
up arrow 1%

Customer Relations
0%

National Average
$37,000

Microsoft Excel
up arrow 1%

Collections
up arrow 2%

Administration
up arrow 3%

Microsoft Office
up arrow 3%

Office Administration
up arrow 3%

Customer Service
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 498 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
13%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 74% dental benefits Dental: 62%
vision benefits Vision: 48% employee benefits None: 24%
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