Assistant Property Manager Salary

Assistant Property Managers in the United States may have to scrimp and save; the median compensation is $40K annually. The range in cash compensation to Assistant Property Managers (largely between $26K and $54K) includes potential earnings of $5K from bonuses, $8K from profit sharing, and commissions of $10K in exceptional cases. Compensation for this group is mainly affected by geography, but the specific employer and experience level are influential factors as well. Most Assistant Property Managers report high levels of job satisfaction. Health benefits are not enjoyed by everyone in this line of work, and approximately one in four lack any coverage at all. Medical benefits are reported by a strong majority and dental coverage is claimed by a majority. The vast majority of Assistant Property Managers (83 percent) who responded to the survey are women. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$28,814 - $56,616
(Median)
$29K
$40K
$57K
MEDIAN: $40,493
10%
50%
90%

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$11.27 - $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$19K$38K$57K
Salary
$28,814 - $56,616  
   
Bonus
$0.00 - $5,352  
Profit Sharing
$0.00 - $7,861  
Commission
$402.23 - $9,603  
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).
)
$25,661 - $53,902  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,493
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
$11.27 - $19.79  
   
Hourly Tips
$0.93 - $3.64  
Overtime
$15.41 - $30.16  
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 - $5,352  
   
Commission
$402.23 - $9,603  
Profit Sharing
$0.00 - $7,861  
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).
)
$25,661 - $53,902  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,347

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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 moving up in their careers tend to step into positions as Property Managers or Commercial Property Managers. The median paychecks in those roles 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 Greystar Management. Jones Lang LaSalle pays the most with a median salary of $48K, though with a large amount of variation, going from a low of $40K to a high of $82K.

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


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Budget Management, Accounting, and Accounts Payable are correlated to pay that is significantly above average, leading to increases of 21 percent, 9 percent, and 7 percent, respectively. At the other end of the pay range are skills like Leasing Software, Bookkeeping, and Customer Service. Those familiar with Customer Service also tend to know Administration. A tool kit that includes Property Management also typically contains 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.


The average worker who claims fewer than five years of experience earns around $35K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $39K. For Assistant Property Managers, 10 to 20 years of experience on the job amounts to an average salary of $41K. Assistant Property Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $39K.

Pay Difference by Location


San Francisco offers some of the highest pay in the country for Assistant Property Managers, 46 percent above the national average. Assistant Property Managers can also look forward to large paychecks in cities like Washington (+46 percent), New York (+27 percent), Los Angeles (+26 percent), and Boston (+25 percent). In Orlando, salaries are 6 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 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

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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 4%

Accounts Receivable
up arrow 2%

Microsoft Excel
up arrow 2%

Customer Relations
0%

National Average
$37,000

Administration
up arrow 2%

Microsoft Office
up arrow 2%

Collections
up arrow 2%

Office Administration
up arrow 2%

Customer Service
up arrow 3%

Bookkeeping
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 508 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: 61%
vision benefits Vision: 47% employee benefits None: 24%