Leasing Manager/Property Salary (United States)

Those pursuing careers as Property Managers in the United States may have to make do with less; average incomes for people in this area hover around only $35,069 annually. The range in pay spans from $22,849 to $60,360 per year. Overall compensation packages to Property Managers range from $24,028 on the low end to $61,671 on the high end; this includes bonuses that peak near $9,847 and profit sharing that approaches $49,665, with some high rollers snagging commissions as high as $19,518. Geographic location and career length each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all—around one third lack any form of coverage—but a majority have medical insurance, and about half have dental, too. Most Property Managers are women (78 percent). Work is enjoyable for the better half of Property Managers who claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
Leasing Manager/Property Salary (?
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.
)
$24,028 - $61,671
(Median)
24K
30K
36K
46K
62K
MEDIAN: $36,469
10%
25%
50%
75%
90%
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Leasing Manager/Property Salary (?
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.
)
$10.03 - $17.89
(Median)
10
14
16
18
MEDIAN: $13.00
10%
50%
75%
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$21K$42K$63K
Salary
$24,028 - $61,671  
   
Bonus
$0.00 - $9,847  
Profit Sharing
$-0.50 - $49,665  
Commission
$500 - $19,518  
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).
)
$22,849 - $60,360  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 426
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
$10.03 - $17.89  
   
Overtime
$7.00 - $26.90  
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 - $9,847  
   
Commission
$500 - $19,518  
Profit Sharing
$-0.50 - $49,665  
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).
)
$22,849 - $60,360  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 228
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Job Description for Leasing Manager/Property

Real estate companies that manage properties use a leasing manager/property to handle a wide variety of necessary tasks. For residential leasing, the manager is normally assigned to either apartment complexes or a series of leased individual homes. For commercial leasing, the property manager oversees entities such as strip malls and shopping centers for the landlord or real estate deed holder.
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Leasing Manager/Property Tasks
  • Assist tenants in completing lease paperwork, and process deposits and rent payments.
  • Respond to all leads generated within a reasonable amount of time, and maintain documentation of calls and visits.
  • Conduct walk-throughs, and inspect the community grounds and models to ensure cleanliness.
  • Lead tours of the property, and build rapport and follow up with potential tenants.
  • Participate in and implement resident retention programs.

Common Career Paths for Leasing Manager/Property

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Property Managers may receive a large increase in pay with career advancement. Those who transition into an upper level Commercial Property Manager position may earn an additional $20K per year. Becoming a Community Association Manager or an Assistant Property Manager is a common transition from a Property Manager role.

Leasing Manager/Property Job Listings

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Popular Skills for Leasing Manager/Property

Survey takers who work as Property Managers report a focused set of job skills. Property Management and Sales are considered valuable skills and can increase employee pay by 6 percent and 3 percent respectively. Most people skilled in Property Management are similarly competent in Customer Service.

Pay by Experience Level for Leasing Manager/Property

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Property Managers with less experience do not necessarily bring home smaller paychecks. In fact, experience in this field tends to have little impact on salary. Workers new to the field can expect to earn $33K, increasing to $38K after five to 10 years. After 10 to 20 years, compensation comes in at $44K. The 20-year mark seems to bring slower salary growth, and Property Managers at this tenure level tend to see their incomes plateau to $46K. Experienced employees who have 10-20 years of experience make up 18 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining less than 10. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, most land within this radius.

Pay Difference By Location

New York
up arrow 69%
Houston
up arrow 16%
Atlanta
up arrow 5%
National Average
$35,000
Larger circles over a city indicate a job is popular in that location.
Property Managers will find that New York offers an impressive pay rate, one which exceeds the national average by 69 percent. Property Managers will also find cushy salaries in Houston (+16 percent) and Atlanta (+5 percent).

Leasing Manager/Property Reviews

What is it like working as a Leasing Manager/Property?
Leasing Manager/Property in Cookeville:
"Feast And Famine."
Pros: I work in property management in a university town. Summer break and Christmas break between semesters are absolutely nuts. I require a degree of pressure to do my best and there is plenty of that. I enjoy the role I play in helping people find their next home. Frankly, I enjoy the amount of control I have over the properties and how they look and perform. The role I play helps feed my ego.
Cons: I dislike: Some evictions. Delivering bad news to someone's front door. How frustrating it can be dealing with entitled tenants. How few real laws there are governing my job.

Related Job Salaries

Experience Affects Leasing Manager/Property Salaries

Late-Career
up arrow 31%
National Average
$35,000

Skills That Affect Leasing Manager/Property Salaries

Sales
up arrow 3%
National Average
$35,000
Customer Service
up arrow 1%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 116 votes.

Gender

Female
78%
female alumni
 
Male
22%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
44%
5-9 years
27%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 60% dental benefits Dental: 45%
vision benefits Vision: 33% employee benefits None: 38%
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