Property Manager Salary

Compared to the national salary average for Property Managers, those in the same line of work who choose to work for Equity Residential enjoy much larger paychecks — $80K on average versus $46K annually. Property Managers can also look forward to large paychecks at Jones Lang LaSalle ($73K), Greystar ($61K), and Alliance Residential Company LLC ($57K). This snapshot results from replies to PayScale's salary survey.
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$29,686 - $70,818
$30K
$46K
$71K
MEDIAN: $46,438
10%
50%
90%

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$10.81 - $23.08
$11
$15
$23
MEDIAN: $15.37
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$29,686 - $70,818  
   
Bonus
$205.45 - $10,035  
Profit Sharing
$0.00 - $7,152  
Commission
$509 - $10,406  
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).
)
$26,730 - $71,265  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 5,712
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$10.81 - $23.08  
   
Hourly Tips
$1.06  
Overtime
$14.36 - $32.23  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$205.45 - $10,035  
   
Commission
$509 - $10,406  
Profit Sharing
$0.00 - $7,152  
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).
)
$26,730 - $71,265  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,811

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Property Manager

A property manager oversees the operation of a commercial or residential property. The property manager can oversee a variety of employees, such an accounting department, sales department, maintenance department, and grounds-keeping department. The property manager must do periodic inspections of the various parts of the grounds to make sure that everything is in working order. Additionally, work should be followed up on to ensure swift completion.

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Property Manager Tasks

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

Common Career Paths for Property Manager


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Property Managers may experience a large salary bump if they progress into a role such as Regional General Manager. The latter position pays an average of $88K annually. It is not unusual for a Property Manager to become a Commercial Property Manager or a Community Association Manager.

Property Manager Job Listings

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Popular Employer Salaries for Property Manager

Popular Skills for Property Manager


Property Managers report using 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 9 percent and 13 percent. Skills that are correlated to lower pay, on the other hand, include Bookkeeping, Maintenance, and bill collections. Those proficient in Customer Service are, more often than not, also skilled in Customer Relations. People who know Property Management usually also know Budget Management, Customer Relations, and Collections.

Pay by Experience Level for Property Manager

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


More years of relevant experience do not necessarily translate to higher paychecks. The average worker who claims fewer than five years of experience earns around $38K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $46K. The average pay reported by folks with 10 to 20 years of experience is around $50K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $53K.

Pay Difference by Location

38%

28%

24%

21%

18%

14%

13%

12%

12%

National Average: $44,234

Larger city markers indicate a job is popular in that location.

For Property Managers, busy New York offers a higher-than-average pay rate, 38 percent above the national average. Property Managers can also look forward to large paychecks in cities like Boston (+28 percent), Dallas (+24 percent), Chicago (+21 percent), and Atlanta (+18 percent). San Antonio is home to the smallest salaries in the field, lagging the national average by 3 percent.

Property Manager Reviews

Q: What is it like working as a Property Manager?

Property Manager in Buffalo:
"The experience of being in the mix."
Pros: I am included in most conversations regarding business operations and goals. The responsibility I take on is generally much more than others, my age and experience, in my field. I have a flexible schedule and have been promised to be made partner in the future.
Cons: The pay is lousy. Often I feel that promises are made and never followed up on. Dealing with tenants can be stressful. I receive no bonuses, perks, overtime, or insurance from my employer.

Property Manager in San Antonio:
"On-Site Storage Manager."
Pros: Working with a variety of people and living and working at the same location.
Cons: Same drab environment, no grass or scenery.

Property Manager in Redmond:
"Autonomous and Rewarding."
Pros: Being appreciated by the tenants who live in the complex I manage. Being able to schedule my own work hours. Taking care of the elderly and disabled people's needs at the apartments. Working from home at least some of the time. Ability to contract out any work needed that is above my pay grade.
Cons: The lack of pay for the level of responsibilities.

Property Manager in Dallas:
"Managing Landlord's Property."
Pros: I get to help people find space for their business and allow them to run a smooth business. I get to work with many types of people and learn from everyone. My schedule can be flexible.
Cons: I feel like I do not get paid enough.

Property Manager in Denver:
"I love the interaction with people."
Pros: Able to multi task - the change and difference a day makes - interaction with people/residents.
Cons: None.

Property Manager in Montgomery:
"I like the working with the public."
Pros: Helping people achieve their dreams. I like working with the public. I enjoy helping the less fortunate.
Cons: Under paid. Time consuming. Travel expenses are too high.

Property Manager in Nashville:
"Changes everyday ,you meet many new people."
Pros: My boss is extremely knowledgeable and very pleasant to work for.
Cons: Having to deal with the people from general public that are not pleasant.

Related Job Salaries

Key Stats for Property Manager

Gender

Female
75 %
Male
25 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1157 votes.
Less than 1 year
2%
1-4 years
32%
5-9 years
25%
10-19 years
28%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Property Manager Salaries

▲20%

▲13%

▲5%

National Average
$44,000

▼14%

Skills That Affect Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1157 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
25%
10-19 years
28%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 62%
dental benefits
Dental: 47%
vision benefits
Vision: 38%
dental benefits
None: 36%
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