Property Manager Salary

Property Managers usually earn approximately $45K annually in the United States, but CBRE Group offers a significantly higher median of $77K. Property Managers can also look forward to large paychecks at Equity Residential ($75K), Jones Lang LaSalle ($73K), and Greystar ($54K). The numbers in this rundown were provided by PayScale's salary survey participants.
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$29,544 - $69,634

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$10.49 - $22.35

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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
$29,544 - $69,634  
   
Bonus
$0.00 - $9,796  
Profit Sharing
$0.00 - $9,716  
Commission
$0.00 - $11,234  
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).
)
$27,268 - $71,131  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 7,480
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
$10.49 - $22.35  
   
Hourly Tips
$0.00 - $0.67  
Overtime
$1.40 - $32.37  
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
$0.00 - $9,796  
   
Commission
$0.00 - $11,234  
Profit Sharing
$0.00 - $9,716  
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).
)
$27,268 - $71,131  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,857
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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 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


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As Property Managers transition into upper-level roles such as Regional General Manager, they may see a strong upturn in salary. Regional General Managers earn $87K on average per year. It is not unusual for a Property Manager to become a Community Association Manager or a Commercial Property Manager.

Property Manager Job Listings

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Popular Employer Salaries for Property Manager

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, Contract Negotiation, and Project Management are correlated to pay that is above average, with boosts between 11 percent and 15 percent. At the other end of the pay range are skills like Bookkeeping, Microsoft Office, and Collections. Those proficient in Budget Management are, more often than not, also skilled in Collections. Most people who know Property Management also know 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.


Experience and pay tend to be weakly linked for Property Managers — those with more experience do not necessarily bring in higher earnings. 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 $45K. Property Managers with one to two decades of relevant experience report an average salary of approximately $51K. 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 $54K.

Pay Difference by Location


With a pay rate for Property Managers that is 52 percent greater than the national average, New York offers a comfortable salary for those in this profession. Property Managers can also look forward to large paychecks in cities like Boston (+44 percent), San Francisco (+39 percent), Dallas (+30 percent), and Denver (+26 percent). 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 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.

Property Manager in Chesapeake:
"Very time consuming as well as demanding from all aspects."
Pros: I like the freedom of managing my property as well my yearly budget. I also like the ability to work closely with my staff and have daily meetings for projects.
Cons: The pay is not reasonable based on the expectations, industry average, and effort put forth.

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.

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Experience Affects Property Manager Salaries




National Average
$44,000


Skills That Affect Property Manager Salaries






Leadership
up arrow 3%

Property Management
0%

National Average
$44,000

Accounting
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1727 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
29%
10-19 years
27%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 66% dental benefits Dental: 49%
vision benefits Vision: 37% employee benefits None: 32%
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