Assistant Property Manager Salary

Those pursuing careers as Assistant Property Managers in the United States may have to make do with less; average incomes for people in this area hover around only $41K annually. Final cash compensation to Assistant Property Managers varies from around $26K to approximately $55K; choice pay grades include potential for bonuses and profit sharing as high as $6K and $5K, respectively. Residence is the main element affecting pay for this group — the specific employer and years of experience are driving factors as well. For the most part, Assistant Property Managers enjoy their work and report high levels of job satisfaction. Although roughly a fourth lack health benefits of any kind, a strong majority do enjoy medical insurance, and the greater part get dental coverage, too. Women make up the vast majority of Assistant Property Managers (83 percent) who answered the questionnaire. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$29,566 - $58,129
(Median)
$30K
$41K
$58K
MEDIAN: $40,850
10%
50%
90%

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$11.60 - $19.98
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

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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
$29,566 - $58,129  
   
Bonus
$0.00 - $5,973  
Profit Sharing
$0.00 - $4,966  
Commission
$491.59 - $9,572  
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).
)
$26,110 - $55,293  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,715
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
$11.60 - $19.98  
   
Hourly Tips
$1.65  
Overtime
$16.08 - $31.22  
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 - $5,973  
   
Commission
$491.59 - $9,572  
Profit Sharing
$0.00 - $4,966  
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).
)
$26,110 - $55,293  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,526
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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. When Assistant Property Managers are ready for the next step in their careers, they often become Property Managers or Commercial Property Managers. Those roles pay an additional $5K and $19K, respectively.

Assistant Property Manager Job Listings

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Popular Employer Salaries for Assistant Property Manager


Known for taking on a considerable number of Assistant Property Managers, Lincoln Property Company, Property Management Company, Cushman & Wakefield, Inc., Riverstone Residential Group, and Jones Lang LaSalle are leading firms in the industry. Heading up the field in terms of compensation, Colliers International offers the most; Assistant Property Managers earn $50K on average there. Those in search of high salaries should also consider Lincoln Property Company, Jones Lang LaSalle, and Cushman & Wakefield, Inc., top-paying firms where Assistant Property Managers rake in a respectable $50K, $48K, or $47K, respectively.

For Assistant Property Managers, below-average salaries can be found at Property Management Company; in fact, average earnings are around $32K, the lowest in the area, though the difference in the company's lowest and highest employee paychecks ($22K versus $42K) is great. Pinnacle Management, Greystar Management, and Riverstone Residential Group also scrape the bottom of the pay scale, with median earnings hovering around $36K, $39K, and $39K.

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, 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 Office Administration. It is often found that people who know Customer Service are also skilled in 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 beginner in this position makes around $36K, but folks who have been around for five to 10 years see a markedly higher median salary of $40K. The average pay reported by folks with 10 to 20 years of experience is around $41K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $40K.

Pay Difference by Location

National Average: $37,321

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Assistant Property Managers, San Francisco offers exceptional salaries, 52 percent above the national average. Assistant Property Managers can also look forward to large paychecks in cities like Washington (+42 percent), New York (+34 percent), Los Angeles (+23 percent), and Boston (+19 percent). Orlando is home to the smallest salaries in the field, lagging the national average by 2 percent.

Assistant Property Manager Reviews

What is it like working as an Assistant Property Manager?

Assistant Property Manager in San Jose:
Pros: I enjoy a flexible schedule and casual work environment. I get along well with my direct co-workers and my boss.

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 Payable
up arrow 4%

Property Management
up arrow 3%

Customer Relations
0%

Accounts Receivable
0%

National Average
$37,000

Administration
up arrow 3%

Collections
up arrow 3%

Microsoft Excel
up arrow 3%

Microsoft Office
up arrow 4%





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 507 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: 61%
medical benefits
Vision: 49%
dental benefits
None: 24%
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