Property Management Assistant Salary
Property Management Assistants aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $40K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Among survey respondents, women are more common than men; 90 percent of Property Management Assistants are female. For the most part, people in this position report moderate levels of job satisfaction. Although more than two-fifths lack health benefits of any kind, a little more than half do enjoy medical insurance, and just over two-fifths get dental coverage, too. This report is based on answers to PayScale's salary questionnaire.
Job Description for Property Management Assistant
Typical property management assistants will work during the day on a number of core tasks. Although property management assistants usually have shifts during standard daytime business hours, they may need to also be available additional hours. The duties of property management assistants are numerous. However, their repetitive nature will allow for quick mastery. One of the most important duties is answering phone calls. Property management involves dealing with tenants who typically rent properties. When tenants have problems, they will go to property management assistants. They often call the office at all times of the day to address repairs or special requests. In this way, the property management assistants serve as a dispatch center for problem solving.Read More...
In addition to solving problems, property management assistants must also be skilled at keeping records. Computer knowledge is essential since they will need to keep a record of who has paid rent and who owes rent, and this is typically done on computer-based programs. Property management assistants are also usually encouraged to have the skills to do things such as create tables, search information, and type letters. Assistants will typically work directly with the property manager. The property manager is inundated with requests and will usually divide the work between several assistants. In addition to responding to requests, the property management assistants will be involved in collection follow-ups. If a tenant owes rent, the assistants will usually call them to remind them payment is due. If the rent still isn't paid, they'll send them a letter. The assistants will also be in charge of maintaining office schedules. They will contact clients, set up meetings, and communicate any cancellations as quickly as possible.
A degree may be required but is not typically necessary. People who have good computer skills, good people skills, and are well-organized will be primed for success.
Property Management Assistant Tasks
- Assist with tenant selection and necessary documentation.
- Inspect tenant property for compliance with standards.
- Offer high-quality customer service resolutions to both tenants and clients.
- Perform clerical duties as necessary.
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Pay by Experience Level for Property Management Assistant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have fewer than five years of experience earn around $35K on average. People who have worked for five to 10 years can expect a higher median salary of $39K. For Property Management Assistants, 10 to 20 years of experience on the job amounts to an average salary of $37K. Seasoned veterans with 20 years under their belts enjoy a median income of $43K.