Browse Categories

Property Manager Salary

Earnings for Property Managers in the United States come in at around $44K annually on average. Cash earnings for Property Managers — including $10K each for bonuses and profit sharing proceeds and $10K in commissions at the top of the pay scale — stretch from approximately $27K to approximately $71K depending on individual performance. Compensation for this group is mainly affected by the company, but geography and experience level are influential factors as well. Men are in the minority of survey respondents, with female Property Managers making up 74 percent. Although slightly less than a third lack health benefits of any kind, the larger part do enjoy medical insurance, and half get dental coverage, too. Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.
$29,250 - $68,918
(Median)
29K
36K
44K
56K
69K
MEDIAN: $44,350
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

$10.53 - $22.35
(Median)
11
13
15
18
22
MEDIAN: $15.00
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

Show Annual Salary Show Hourly Rate

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$24K$48K$72K
Salary
$29,250 - $68,918  
   
Bonus
$0.00 - $9,729  
Profit Sharing
$0.00 - $9,883  
Commission
$0.00 - $10,166  
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).
)
$26,983 - $70,724  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 6,831
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$12$24$36
Hourly Rate
$10.53 - $22.35  
   
Hourly Tips
$0.00 - $0.36  
Overtime
$5.00 - $32.83  
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$24K$48K$72K
Bonus
$0.00 - $9,729  
   
Commission
$0.00 - $10,166  
Profit Sharing
$0.00 - $9,883  
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).
)
$26,983 - $70,724  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,640
United States (change)

Job Description for Property Manager

Property managers are the people who are responsible for retail or residential property. Depending on the property they manage, an employee will work in an office either on or off site. Property managers organize any service and work done to the property, will sometimes be responsible for maintaining tenancy, and maintain the leases for the properties. They are responsible for maintenance staff and any necessary security staff. A property manager maintains the income and budgeting, makes deposits to accounts, and is responsible for keeping track of payments. They will typically process eviction proceedings on behalf of the property owner and manage showings, tenant income and credit verification, move-ins, and move-out procedures. They keep rental property vacancies ready and prepared for new tenants, and may be responsible for maintaining furniture. Additionally, they process leases in accordance with local and federal laws.

Read More...

Property Manager Tasks

  • Process leases, collect rent, make bank deposits, verify income and maintain waiting list.
  • Ensure compliance with HUD, TCAC or other regulations.
  • Process evictions.
  • Supervise on-site staff and coordinates repairs and maintenance.

Common Career Paths for Property Manager


Add this chart to your site:   640px 640px    300px 300px


Property Managers who go on to become Regional General Managers may see their salaries climb quite a bit. Median pay for Regional General Managers is $87K annually. A common career progression for a Property Manager is to become a Commercial Property Manager or a Community Association Manager. Compared to Property Managers, the first group earns $12K more on average, and the second group earns $1K more.

Property Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Property Manager


Property Management Company, Riverstone Residential Group, Equity Residential, Lincoln Property Company, and Mercy Housing, Inc. are among the top companies that take on many Property Managers. For Property Managers, comfortable salaries can be found at CBRE Group; in fact, median earnings sit around $77K, the highest in the area. Also paying near the top of the field are Jones Lang LaSalle at $73K, Equity Residential at $65K, and American Campus Communities, Inc., where Property Managers annually earn $65K.

Relative to other names in the field, compensation is very low at Public Storage, Inc. — the median salary comes to just $24K, 221 percent less than the top paying company. Also sliding in at the lower end of the scale are Property Management, Inc. ($32K), The John Stewart Company ($33K), and Property Management Company ($37K).

Popular Skills for Property Manager


Survey results imply that Property Managers deploy a deep pool of skills on the job. Most notably, skills in Budget Management, Operations Management, Project Management, and Contract Negotiation are correlated to pay that is above average, with boosts between 14 percent and 16 percent. Skills that pay less than market rate include Bookkeeping, Microsoft Office, and Customer Relations. Most people experienced in Budget Management also know Collections. Skill sets containing Property Management also tend to include Customer Service, Customer Relations, and Collections.

Pay by Experience Level for Property Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Property Managers, more experience in the field does not usually mean bigger paychecks. Workers in their first five years can expect to earn $38K, but people who have been around for five to 10 years earn a noticeably bigger sum of $45K. Property Managers who work for 10 to 20 years in their occupation tend to earn about $51K. Property Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $53K on average.

Pay Difference by Location


Property Managers in New York, Washington, and Boston — eastern regions — enjoy a very comfortable lifestyle with compensation above the national average. Falling short of the national average by 7 percent, the area with the worst salaries is Columbus.

Property Manager Reviews

What is it like working as a Property Manager?

Property Manager in Kure Beach:
Pros: Some cleanings are so easy. They have to put $1,000 deposit 30 days before their arrival day.(Helps so they do try to not break anything)
Cons: Must be able to work any day, Must buy own supplies (Which is well over the $12.50 a week for cleaning supplies)Must be able to have the condo ready before it's rented that same day. Job may be easy or bad don't know till check out.

Property Manager in Los Angeles:
"Property Management Can Be Great With The Right Company."
Pros: Working with the tenants over a long period of time, the apartment building becomes almost family like. Starting with leasing, people are usually excited about moving to a new place, although moving itself is stressful, generally the first step is very pleasant. After the tenants move in, it's nice getting to know them, usually and pretty much a pleasant experience. After the tenants have lived there for a while, you become very familiar, you bond with your tenants. When the tenants move out, it is usually if they get another job, or relocate to another school, or purchase a home, so they usually leave on good terms and they are excited for the future!
Cons: If you have more than one vacancy at any given time, you could very well lose your job. Sometimes a client will apply for an apartment, and you think it will be a perfect fit, a great addition to the building, and their application is declined. Eventually you will get a crazy tenant with mental health, or drug issues, and that is always horrible. Sometimes tenants you really care about will lose the job or have some sort of calamity and you'll have to evict them, not fun at all. There is an extremely high amount of paperwork in this job, so much so, I believe that we are the only industry that still uses fax machines on a daily basis. If you are hired by the wrong company, you will be under paid, and your tenants will be cheated.

Related Job Salaries

Experience Affects Property Manager Salaries




National Average
$43,000


Skills That Affect Property Manager Salaries






Leadership
up arrow 4%

Property Management
up arrow 2%

Accounting
0%

Customer Relationship Management (CRM)
0%

National Average
$43,000

Maintenance
up arrow 1%






Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1733 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
30%
10-19 years
27%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 66% dental benefits Dental: 50%
vision benefits Vision: 37% employee benefits None: 31%