Property Manager Salary

Equity Residential lures Property Managers with larger-than-average paychecks: Property Managers at this company make a median salary of $81K, much more than the $47K per year-national average for those in this area of work. Property Managers will also find cushy salaries at Jones Lang LaSalle (+$73K), Greystar (+$61K), and Greystar Management (+$60K). This report is based on responses to the PayScale salary survey.
Read More
$29,698 - $71,247
$30K
$47K
$71K
MEDIAN: $46,717
10%
50%
90%

Add this chart to your site: 640px    300px

$11.02 - $23.75
$11
$16
$24
MEDIAN: $15.53
10%
50%
90%

Add this chart to your site: 640px    300px

$0$71K
Salary $29,698 - $71,247
Bonus $208.86 - $10,048
Profit Sharing $0.00 - $9,274
Commission $507 - $10,341
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).
)
$26,971 - $71,655
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 5,610
Hourly Data $0$33
Hourly Rate $11.02 - $23.75
Hourly Tips $0.00 - $9.86
Overtime $14.75 - $33.04
Annual Data $0$71K
Bonus $208.86 - $10,048
Commission $507 - $10,341
Profit Sharing $0.00 - $9,274
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).
)
$26,971 - $71,655
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,882

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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


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


Property Managers who transition into a Portfolio Manager role may receive large pay increases as the latter position pays an average $90K per year. Becoming a Commercial Property Manager or a Community Association Manager is often the next step for a Property Manager.

Property Manager Job Listings

Popular Employer Salaries for Property Manager

Popular Skills for Property Manager


Survey results imply that Property Managers deploy a substantial tool kit of skills at work. Most notably, skills in Budget Management, Project Management, Operations Management, and Contract Negotiation are correlated to pay that is above average, with boosts between 9 percent and 12 percent. Skills that pay less than market rate include Bookkeeping, Maintenance, and bill collections. Those proficient in Customer Service are, more often than not, also skilled in Customer Relations. Skill sets containing Property Management also tend to include Budget Management, Customer Relations, and Collections.

Pay by Experience Level for Property Manager

Pay by Experience for a Property Manager has a positive trend. An entry-level Property Manager with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 3,143 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Property Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 2,538 salaries. An experienced Property Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $50,000 based on 2,426 salaries. A Property Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $53,000 based on 893 salaries.

Pay Difference by Location

National Average: $44,538

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

New York is home to an above-average pay rate for Property Managers, 36 percent higher than the national average. Property Managers will also find cushy salaries in Boston (+27 percent), Chicago (+23 percent), Dallas (+22 percent), and Atlanta (+20 percent).

Property Manager Reviews

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

Property Manager in La Crosse:
"Interesting."
Pros: Having My own Office.
Cons: Tenants not paying their rent and lying to me.

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 Menlo Park:
"Work flexibility iscounted rent."
Pros:
Cons: Tenants, negoiations and complaints.

Property Manager in Winder:
Pros: Flexibility and the fact that I am my own boss.
Cons: Environment. It's hard to collect rent and deal with uneducated residents.

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 St. Robert:
"Stressful."
Pros: The people that I work along side with.
Cons: The stress, the stupid request, the pay that I recieve.

Property Manager in Rogers:
"Low pay and long hours."
Pros: Easy commute and somewhat flexible hours.
Cons: On call 24 hours a day seven days a week.

Related Job Salaries

Key Stats for Property Manager

Gender

Female
75 %
Male
25 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1361 votes.
Less than 1 year
3%
1-4 years
31%
5-9 years
25%
10-19 years
29%
20 years or more
12%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Property Manager Salaries

▲18%

▲12%

▲4%

National Average
$45,000

▼15%

Skills That Affect Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1361 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
25%
10-19 years
29%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 46%
vision benefits
Vision: 37%
no benefits
None: 37%
ADVERTISEMENT