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Assistant Property Manager Salary

Assistant Property Managers in the United States can expect only a modest salary, with average pay of just $41K annually. In the world of Assistant Property Managers, overall cash earnings stretch from $26K near the bottom to $54K near the top; these packages encompass bonuses that run close to $5K and profit sharing that can (albeit rarely) exceed $6K, along with commissions approaching $9K. While the specific employer and tenure impact pay for this group, location is the most influential factor. Most workers in this position report high levels of job satisfaction. There are far more female Assistant Property Managers who answered the questionnaire than men, making up 83 percent. Some workers in this field — approximately one-fourth — are not awarded benefits. Medical coverage is reported by a strong majority and dental plans are enjoyed by a majority. This report is based on answers to PayScale's salary questionnaire.
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$29,227 - $56,766
(Median)
$29K
$41K
$57K
MEDIAN: $40,559
10%
50%
90%

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$11.32 - $19.74
(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
$29,227 - $56,766  
   
Bonus
$0.00 - $5,497  
Profit Sharing
$0.00 - $5,918  
Commission
$432.78 - $9,261  
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).
)
$25,781 - $53,991  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,506
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 - $19.74  
   
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 - $5,497  
   
Commission
$432.78 - $9,261  
Profit Sharing
$0.00 - $5,918  
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).
)
$25,781 - $53,991  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,364

Find Out Exactly What You Should Be Paid

United States (change)


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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 it's uncommon, some Assistant Property Managers move into roles as Senior Property Managers, where pay is an average $75K per year. Assistant Property Managers typically move into roles as Property Managers or Commercial Property Managers, and those positions pay $5K more and $19K more, respectively.

Assistant Property Manager Job Listings

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Popular Employer Salaries for Assistant Property Manager


Property Management Company, Lincoln Property Company, Riverstone Residential Group, Jones Lang LaSalle, and Greystar Management are among the top companies that take on many Assistant Property Managers. 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.

Property Management Company offers the lowest compensation; the median salary there averages out to only $32K. The pay range is also narrow, ranging between $22K and $42K.

Popular Skills for Assistant Property Manager


Survey takers working as Assistant Property Managers report using a large range of professional skills. 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, 9 percent, and 7 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Leasing Software, Bookkeeping, and Customer Service. The majority of those who know Customer Service also know Administration. It is often found that people who know Property Management are 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.


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. After working for 10 to 20 years, Assistant Property Managers make a median salary of $41K. Survey participants with more than twenty years of experience only make around $40K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location


For Assistant Property Managers, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Assistant Property Managers can also look forward to large paychecks in cities like Washington (+44 percent), New York (+31 percent), Los Angeles (+22 percent), and Boston (+22 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 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

United States (change)

Experience Affects Assistant Property Manager Salaries




National Average
$37,000


Skills That Affect Assistant Property Manager Salaries





Customer Relationship Management (CRM)
up arrow 3%

Customer Relations
up arrow 1%

Accounts Receivable
up arrow 1%

Microsoft Excel
0%

National Average
$37,000

Administration
up arrow 3%

Microsoft Office
up arrow 3%

Office Administration
up arrow 3%

Collections
up arrow 3%

Customer Service
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 496 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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