Leasing Consultant Salary
Job Description for Leasing Consultant
Leasing consultants are responsible for meeting with tenants who wish to lease from their company, giving them relevant details about properties and ensuring they understand any contracts that they would need to sign (such as a leasing agreement). Leasing consultants also collect rent and fees, and they may have to issue warnings to tenants for issues such as noise violations, late rent, or failure to maintain property. Although leasing consultants generally do not perform maintenance or renovations themselves, they do oversee and plan these projects, ensuring they are completed in a timely and cost-efficient manner. A leasing consultant also ensures the central office runs smoothly; in this, they must keep excellent records of all payments, fees, and contracts. Generally, a leasing consultant works in the real estate industry in an office setting, although they often have to work in the field to find and inspect prospective properties, as well as showing the property to potential tenants.Read More...
Leasing consultants generally need a high school diploma or equivalent, although some employers may prefer a postsecondary degree in areas such as real estate or administration. Most training for this role occurs on the job. Leasing consultants must be able to communicate effectively verbally and through writing. They should also be comfortable with basic computer software such as the Microsoft Office suite.
Leasing Consultant Tasks
- Screen applicants, collect deposits, and handle leasing applications, contracts, and renewals.
- Assist with advertising available units, update listings, design ads, and conduct tours.
- Provide information about units to potential renters.
- Help customers understand leasing contracts and fill out paperwork correctly.
Common Career Paths for Leasing Consultant
Leasing Consultants who transition into an Executive Assistant role may receive large pay increases as the latter position pays an average $46K per year. Leasing Consultants most often move into positions as Property Managers or Assistant Property Managers; those groups report median salaries that are $12K higher and $5K higher, respectively.
Leasing Agent Job Listings
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Popular Employer Salaries for Leasing Consultant
Leasing Consultants flock to Greystar, Equity Residential, Greystar Management, Riverstone Residential Group, and Essex Property Trust, Inc., highly regarded companies that employ a generous number of people in this profession. Although Equity Residential boasts the highest average salary in town at $38K, employee compensation still varies greatly — workers can make as little as $30K or as much as $55K. Leasing Consultants can also look forward to large paychecks at Home Properties, Inc. ($37K), Greystar Management ($31K), and Riverstone Residential Group ($31K).
Greystar, Essex Property Trust, Inc., and Riverstone Residential Group also rank near the bottom for pay, handing out $30K, $30K, and $31K-paychecks on average.
Popular Skills for Leasing Consultant
Survey results imply that Leasing Consultants put a diverse skill set to use. Most notably, skills in Real Estate, Property Management, Leasing Software, and Sales are correlated to pay that is above average. It is often found that people who know Customer Service are also skilled in Customer Relations and Leasing Software.
Pay by Experience Level for Leasing Consultant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Survey participants with less than five years' experience pocket $30K on average, but those with five to 10 years of experience enjoy a much bigger median of $34K. Leasing Consultants bring in $34K after working for 10 to 20 years. Leasing Consultants who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $35K.
Pay Difference by Location
For Leasing Consultants, working in the bustling city of New York has its advantages, including an above-average pay rate. Leasing Consultants can also look forward to large paychecks in cities like Washington (+20 percent), Chicago (+11 percent), Dallas (+11 percent), and Houston (+10 percent). Those in the field find the lowest salaries in Fort Worth, 19 percent below the national average. Employers pay around 18 percent less in Raleigh and 13 percent less in Cleveland, below-median salaries for those in this field.