Property Management Supervisor Salary
Over one-half of Property Management Supervisors in the United States have been in the field for more than 10 years. Pay can fall anywhere from $33K to $78K per year, but median earnings come to around $54K per year. Cash earnings for Property Management Supervisors — which sometimes include more than $5K from bonuses — stretch from around $33K to approximately $78K. Residence and tenure each impact pay for this group, with the former having the largest influence. Female Property Management Supervisors make up most of the survey respondents at 78 percent. The majority of workers are highly satisfied with their job. Health benefits are not claimed by all — close to one-fourth lack any form of coverage — but a fair number have medical insurance, and close to one-half have dental, too. The information for this snapshot was generated by responses to the PayScale salary survey.
Job Description for Property Management Supervisor
Property management supervisors are generally responsible for managing and supervising properties for an organization and using a personal computer as a main tool to communicate with clients, tenants, and other staff, as well as research market trends and prepare expense reports. They may also help facilitate negotiations and prepare property contracts.Read More...
Property management supervisors typically hire contractors to make improvements to properties, and they must always follow strict privacy guidelines to respect clients' confidentiality. Multitasking skills are important in this position to participate in a variety of management projects, and they should also be able to motivate property management professionals to reach company objectives in a timely manner. They usually report their progress to a property management vice president within the organization, and they're also tasked with overseeing property reviews and verifying that they possess all attributes offered to the buyer before the transaction is completed.
These supervisors typically work in an office environment during regular weekly business hours, and they also assist in property inspections, report problems to technical personnel, create budgets, and present financial documents for tax purposes. They also show properties when ready to lease, coordinate move-out dates, and approve restoration efforts as necessary. They should work effectively in a team setting, but also on their own with minimal supervision, and they usually participate in company meetings to suggest new ways to market properties and provide training to new staff members.
A bachelor's degree is generally required for this position, and relevant prior experience is highly beneficial. Industry certifications are also helpful.
Property Management Supervisor Tasks
- Visit and confirm status of properties, maintenance and repairs, including tenant satisfaction.
- Write, obtain and evaluate leases, contracts, repair/maintenance proposals, sales and purchase agreements.
- Document and ensure adherence to zoning and other regulations.
- Manage properties and their associated maintenance, including reporting on budgets.
- Coordinate repairs, tax documentation, tenant moves and other projects.
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Pay by Experience Level for Property Management Supervisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Property Management Supervisors with a lot of experience do not necessarily enjoy more money. Average salaries for inexperienced employees average out to around $49K, but folks who have five to 10 years of experience earn a higher median of $51K. Property Management Supervisors claiming one to two decades of experience make an estimated median of $59K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $60K.