Leasing Manager/Property Salary
Those pursuing careers as Property Leasing Managers in the United States may have to make do with less; average incomes for people in this area hover around only $41K annually. Residence is the biggest factor affecting pay for this group, followed by experience level. The majority of Property Leasing Managers claim high levels of job satisfaction. Men are in the minority of survey respondents, with female Property Leasing Managers making up 75 percent. While some workers in this profession — slightly less than a third — do not have any health coverage, a majority do receive medical benefits and just over a half have dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$29,509 - $66,591|
|Bonus||$0.00 - $9,904|
|Commission||$1,468 - $16,107|
|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).)
|$26,865 - $60,609|
|Hourly Rate||$11.40 - $20.14|
|Overtime||$11.50 - $28.20|
|Bonus||$0.00 - $9,904|
|Commission||$1,468 - $16,107|
|Total Pay (||$26,865 - $60,609|
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.Read More...
In many situations, whether residential or commercial, leasing managers' duties are similar. The manager helps ensure that the property is maintained. He or she typically performs inspections of the exterior (and, as is allowed, the interior) of rental properties. The leasing manager then helps set up appointments for prospective renters to see the property, offering tours and necessary information. For residential properties, the leasing manager must accurately quote rent and deposit information, as well as offer utility estimates, to prospective renters. In commercial leasing, the manager likely needs to be able to offer demographic studies for the nearby residential areas and provide traffic estimates to the business in addition to rental and lease rates.
The leasing manager is expected to keep occupancy of the properties they oversee as full as possible. This may mean advertising and aggressive promotion of properties through a variety of media. The leasing manager also oversees the collection of rent and verifies all payments. If collection is necessary, the manager facilitates that as well, and serves as the primary agent to take action against delinquent renters.
To work as a leasing manager/property, a person typically needs at least a high school diploma or equivalent, as well as experience in leasing work; this may involve some vocational training and even real estate board certifications. The leasing manager frequently works during regular business hours, but may also need to be on call to assist renters and show properties on off-hours to prospective tenants as well.
Leasing Manager/Property Tasks
- Lead tours of the property, and build rapport and follow up with potential tenants.
- Participate in and implement resident retention programs.
- Conduct walk-throughs, and inspect the community grounds and models to ensure cleanliness.
- 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.
Common Career Paths for Leasing Manager/Property
For Property Leasing Managers, progressing to a Commercial Property Manager role may result in a significant raise. On average, a Commercial Property Manager can earn $56K annually. Going from Property Leasing Manager to Property Manager is the transition that occurs most often in this field, where the paychecks are $42K. Many others choose to work as Assistant Property Managers, where pay is typically $36K.
Leasing Manager/Property Job Listings
Popular Skills for Leasing Manager/Property
Property Leasing Managers report using a diverse set of skills on the job. Most notably, skills in Property Management, Sales, Customer Service, and Social Media Marketing are correlated to pay that is above average. Those listing Customer Relations as a skill should be prepared for drastically lower pay. Social Media Marketing and Customer Service also typically command lower compensation. Most people familiar with Customer Service also know Sales.
Pay by Experience Level for Leasing Manager/Property
Pay by Experience for a Leasing Manager/Property has a positive trend. An entry-level Leasing Manager/Property with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 178 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Leasing Manager/Property with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $42,000 based on 99 salaries. An experienced Leasing Manager/Property which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $43,000 based on 67 salaries. A Leasing Manager/Property with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $43,000 based on 23 salaries.
Pay Difference by Location
For Property Leasing Managers, working in the bustling city of New York has its advantages, including an above-average pay rate. Property Leasing Managers can also look forward to large paychecks in cities like Dallas (+32 percent), Seattle (+24 percent), Denver (+22 percent), and Philadelphia (+17 percent). The smallest paychecks in the market, 13 percent south of the national average, can be found in Houston.
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