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Leasing Manager/Property Salary (United States)

Property Leasing Managers aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $37K per year. With bonuses occasionally running north of $10K, profit sharing proceeds sometimes surpassing $49K, and a few commissions as high as $20K, total income for Property Leasing Managers can range between $23K and $61K according to individual performance. Geography and years of experience each impact pay for this group, with the former having the largest influence. While more than a third report receiving no health benefits, the larger part do receive medical coverage, and more than two-fifths have dental, as well. Most Property Leasing Managers like their work and job satisfaction is high. This report is based on answers to PayScale's salary questionnaire.
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.
)
$24,569 - $61,389
(Median)
25K
30K
37K
46K
61K
MEDIAN: $36,965
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.
)
$10.07 - $18.05
(Median)
10
12
14
16
18
MEDIAN: $13.00
10%
25%
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
$24,569 - $61,389  
   
Bonus
$0.00 - $10,082  
Profit Sharing
$-0.50 - $49,316  
Commission
$493.16 - $20,154  
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).
)
$23,208 - $60,860  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 393
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
$10.07 - $18.05  
   
Overtime
$1.80 - $26.75  
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 - $10,082  
   
Commission
$493.16 - $20,154  
Profit Sharing
$-0.50 - $49,316  
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).
)
$23,208 - $60,860  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 214
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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 Leasing Managers who go on to become Commercial Property Managers may see their salaries climb quite a bit. Median pay for Commercial Property Managers is $56K annually. Career advancement for the typical Property Leasing Manager often leads to becoming a Property Manager or a Community Association Manager; median salaries in these positions are $6K higher and $9K higher, respectively.

Leasing Manager/Property Job Listings

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Popular Skills for Leasing Manager/Property

Property Leasing Managers note just a narrow range of job skills. Those who have experience with Property Management, Sales, and Customer Service can expect to be compensated well for these skills. 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.
For many Property Leasing Managers, extensive experience does not lead to significantly more money. The average worker who claims fewer than five years of experience earns around $32K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $38K. Property Leasing Managers bring in $43K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $46K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference By Location

New York
up arrow 65%
Houston
up arrow 15%
Atlanta
up arrow 3%
National Average
$35,000
Larger circles over a city indicate a job is popular in that location.
Surpassing the national average by 65 percent, Property Leasing Managers in New York receive some of the highest pay in the country. Property Leasing Managers will also find cushy salaries in Houston (+15 percent) and Atlanta (+3 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.

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Experience Affects Leasing Manager/Property Salaries

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

Skills That Affect Leasing Manager/Property Salaries

Property Management
up arrow 4%
Sales
0%
National Average
$35,000
Customer Service
up arrow 3%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 106 votes.

Gender

Female
79%
female alumni
 
Male
21%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
27%
10-19 years
18%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 60% dental benefits Dental: 45%
vision benefits Vision: 34% employee benefits None: 38%