Assistant Property Manager Salary

Assistant Property Managers aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $41K per year. Total cash compensation for Assistant Property Managers runs from $26K to $55K depending on bonuses that can occasionally exceed $6K and profit sharing that can reach almost $5K. This group's pay is mainly influenced by residence, followed by the company and experience level. The vast majority (83 percent) of Assistant Property Managers who took the survey are female. Health benefits are not enjoyed by everyone in this line of work, and about one in four lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by the greater part. The majority of Assistant Property Managers claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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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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Assistant Property Managers sometimes assume positions such as Senior Property Managers. That role pays $75K per year on average. A common career progression for an Assistant Property Manager is to become a Property Manager or a Commercial Property Manager. Compared to Assistant Property Managers, the first group earns $5K more on average, and the second group earns $19K more.

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 Lincoln Property Company, Property Management Company, Cushman & Wakefield, Inc., Riverstone Residential Group, and Jones Lang LaSalle. Colliers International leads the field in terms of pay, with a median salary of $50K. Soaring salaries can also be found at Lincoln Property Company, Jones Lang LaSalle, and Cushman & Wakefield, Inc., where earnings of $50K, $48K, or $47K are standard for Assistant Property Managers.

Property Management Company offers the smallest salaries in town — $32K on average — but the considerable range in workers' salaries (stretching from $22K to $42K) creates a rather varied pay scale. Pinnacle Management, Greystar Management, and Riverstone Residential Group are a few other employers known for handing out relatively lightweight salaries ($36K, $39K, and $39K respectively).

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. At the other end of the pay range are skills like Leasing Software, Bookkeeping, and Office Administration. Those educated in Customer Service tend to be well versed in Administration. Those proficient in Property Management are, more often than not, also skilled 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 $40K. Assistant Property Managers bring in $41K after working for 10 to 20 years. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $40K by contrast.

Pay Difference by Location

National Average: $37,321

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

With a pay rate for Assistant Property Managers that is 52 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Assistant Property Managers will also find cushy salaries in Washington (+42 percent), New York (+34 percent), Los Angeles (+23 percent), and Boston (+19 percent). Orlando ranks last in the field for pay, reporting salaries 2 percent below the national average.

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.

Related Job Salaries

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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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