Property Manager Salary

Property Managers in the United States can expect wages of $46K annually on average. Total cash payments to Property Managers include potential for bonuses, profit sharing and commission. In exceptional cases, the first two can peak near $10K each, and the last component can even exceed $12K (albeit rarely); this causes total cash payments to vary between $27K and $71K. The most influential factor affecting pay for this group is the particular firm, though geography and years of experience have a (lesser) impact as well. Job satisfaction for Property Managers is high. Health benefits are not claimed by all — one-third lack any form of coverage — but more than half have medical insurance, and nearly one-half have dental, too. Most Property Managers survey respondents are women (74 percent). This report is based on responses to the PayScale salary survey.
Read More
$29,613 - $70,292
(Median)
$30K
$46K
$70K
MEDIAN: $45,561
10%
50%
90%

Add this chart to your site: 640px    300px

$10.69 - $22.60
(Median)
$11
$15
$23
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$29,613 - $70,292  
   
Bonus
$0.00 - $9,881  
Profit Sharing
$0.00 - $9,526  
Commission
$0.00 - $11,939  
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).
)
$27,151 - $71,467  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 8,383
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
$10.69 - $22.60  
   
Hourly Tips
$0.00  
Overtime
$7.93 - $32.64  
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 - $9,881  
   
Commission
$0.00 - $11,939  
Profit Sharing
$0.00 - $9,526  
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).
)
$27,151 - $71,467  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,181
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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 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


As Property Managers transition into upper-level roles such as Portfolio Manager, they may see a strong upturn in salary. Portfolio Managers earn $90K on average per year. A Property Manager may also move into a role as a Commercial Property Manager or a Community Association Manager.

Popular Employer Salaries for Property Manager


Property Management Company, Public Storage, Inc., Property Management, Inc., Riverstone Residential Group, and Home Properties, Inc. are top-notch employers for Property Managers in this area. CBRE Group offers the largest salaries in town ($77K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $35K to $111K. Property Managers can also look forward to large paychecks at Greystar Management ($76K), Equity Residential ($75K), and Jones Lang LaSalle ($73K).

Relative to other names in the field, compensation is very low at Public Storage, Inc. — the median salary comes to just $25K, 212 percent less than the top paying company. Others at the bottom of the scale for this job include Property Management, Inc. at $35K, and Property Management Company where $37K is the norm, but it is worth noting that some Property Managers there earn up to $59K.

Popular Skills for Property Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Budget Management, Operations Management, Project Management, and Contract Negotiation are correlated to pay that is above average, with boosts between 10 percent and 14 percent. Skills that are correlated to lower pay, on the other hand, include Bookkeeping, Collections, and Microsoft Office. Customer Service and Property Management are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Property Manager

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


For Property Managers, experience does not seem to be a major factor in determining pay. Salaries for the relatively untried average out to around $38K, but survey participants with five to 10 years of experience earn a significantly higher median of $46K. On average, Property Managers make $51K following one to two decades on the job. 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

National Average: $44,154

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

For Property Managers, busy New York offers a higher-than-average pay rate, 52 percent above the national average. Property Managers can also look forward to large paychecks in cities like Boston (+41 percent), San Francisco (+40 percent), Dallas (+26 percent), and Denver (+24 percent). Columbus is the lowest-paying area, 7 percent south of the national average.

Property Manager Reviews

What is it like working as a Property Manager?

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

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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 2%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1859 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
28%
10-19 years
28%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 65%
dental benefits
Dental: 49%
medical benefits
Vision: 38%
dental benefits
None: 33%
ADVERTISEMENT