Leasing Consultant Salary
|Salary||$24,870 - $47,895|
|Bonus||$101.13 - $7,861|
|Commission||$580 - $10,277|
|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).)
|$23,156 - $42,612|
|Hourly Rate||$10.57 - $17.03|
|Overtime||$14.37 - $24.83|
|Bonus||$101.13 - $7,861|
|Commission||$580 - $10,277|
|Total Pay (||$23,156 - $42,612|
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
- Provide information about units to potential renters.
- Help customers understand leasing contracts and fill out paperwork correctly.
- Screen applicants, collect deposits, and handle leasing applications, contracts, and renewals.
- Assist with advertising available units, update listings, design ads, and conduct tours.
Common Career Paths for Leasing Consultant
As Leasing Consultants transition into upper-level roles such as Regional Property Manager, they may see a strong upturn in salary. Regional Property Managers earn $73K on average per year. Leasing Consultants most often move into positions as Property Managers or Assistant Property Managers; those groups report median salaries that are $11K higher and $5K higher, respectively.
Popular Employer Salaries for Leasing Consultant
Well-known firms with a reputation for hiring numerous Leasing Consultants include Greystar, Equity Residential, Greystar Management, Riverstone Residential Group, and Essex Property Trust, Inc. Equity Residential pays the most with a median salary of $38K, though with a large amount of variation, going from a low of $30K to a high of $55K. Other employers shelling out big bucks include Home Properties, Inc., Greystar Management, and Riverstone Residential Group, where Leasing Consultants typically earn around $37K, $33K, or $31K, respectively.
Greystar, Essex Property Trust, Inc. and Riverstone Residential Group are three other employers with a reputation for below-average pay, showing salaries around $28K, $30K, and $31K.
Popular Skills for Leasing Consultant
Survey results suggest that Leasing Consultants put a wide range of professional skills to use. Most notably, skills in Real Estate, Property Management, Leasing Software, and Customer Relations are correlated to pay that is above average. Most people who know Customer Service also know Customer Relations and Leasing Software.
Pay by Experience Level for Leasing Consultant
Pay by Experience for a Leasing Consultant has a positive trend. An entry-level Leasing Consultant with less than 5 years of experience can expect to earn an average total compensation of $30,000 based on 728 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Leasing Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 154 salaries. An experienced Leasing Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $34,000 based on 74 salaries. A Leasing Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $39,000 based on 14 salaries.
Pay Difference by Location
Surpassing the national average by 58 percent, Leasing Consultants in New York receive some of the highest pay in the country. Leasing Consultants will also find cushy salaries in Washington (+15 percent), Houston (+11 percent), Phoenix (+11 percent), and Chicago (+9 percent). The lowest-paying market is Fort Worth, which sits 16 percent below the national average. A couple other locations with smaller-than-average paychecks include Cleveland (14 percent lower) and Nashville (9 percent lower).
Leasing Consultant Reviews
Related Job Salaries
Key Stats for Leasing Consultant
Rated 5 out of 5
based on 124 votes.