Property Management Supervisor Salary
With roughly one-half of Property Management Supervisors in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Property Management Supervisors is $53K annually and can range from $32K on the lower end to $79K per year near the higher end. Final cash compensation to Property Management Supervisors varies from around $32K to approximately $79K; choice pay grades include potential for bonuses and profit sharing as high as $8K. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Unfortunately, some people in this line of work are without benefits — just under a third lack coverage. On the flip side, a strong majority have medical insurance and close to one-half receive dental plans. Most Property Management Supervisors survey respondents are women (79 percent). Most Property Management Supervisors report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
|Salary||$32,320 - $80,215|
|Bonus||$199.33 - $7,757|
|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).)
|$31,566 - $79,075|
|Hourly Rate||$10.00 - $28.17|
|Bonus||$199.33 - $7,757|
|Total Pay (||$31,566 - $79,075|
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
- Manage properties and their associated maintenance, including reporting on budgets.
- Coordinate repairs, tax documentation, tenant moves and other projects.
- Document and ensure adherence to zoning and other regulations.
- 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.
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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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries for inexperienced workers average out to $51K, and those with five to 10 years' experience earn a higher median of $48K. Property Management Supervisors claiming one to two decades of experience make an estimated median of $56K. 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 $58K.
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