Property Manager Salary

For Property Managers, higher-than-average salaries can be found at Equity Residential, where the average employee brings in around $81K relative to the national average of $46K per year for those in this line of work. Property Managers can also look forward to large paychecks at Jones Lang LaSalle ($73K), Greystar ($61K), and Greystar Management ($60K). The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$29,546 - $70,978
$30K
$46K
$71K
MEDIAN: $46,386
10%
50%
90%

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$10.81 - $22.94
$11
$15
$23
MEDIAN: $15.35
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
$29,546 - $70,978  
   
Bonus
$206.78 - $10,024  
Profit Sharing
$0.00 - $7,830  
Commission
$500 - $10,254  
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).
)
$26,589 - $71,393  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 5,484
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 - $22.94  
   
Hourly Tips
$0.94  
Overtime
$14.47 - $32.20  
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
$206.78 - $10,024  
   
Commission
$500 - $10,254  
Profit Sharing
$0.00 - $7,830  
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).
)
$26,589 - $71,393  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,778

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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For Property Managers, progressing to a Portfolio Manager role may result in a significant raise. On average, a Portfolio Manager can earn $90K annually. Becoming a Commercial Property Manager or a Community Association Manager is often the next step for a Property Manager.

Popular Employer Salaries for Property Manager

Popular Skills for Property Manager


Survey respondents exploit a significant toolbox of skills in their 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 10 percent and 13 percent. Skills that seem to negatively impact pay include Bookkeeping, Maintenance, and bill collections. Most people skilled in Customer Service are similarly competent in Customer Relations. The majority of those who know Property Management 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.


Property Managers with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have less than five years' experience make $38K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $46K. For Property Managers, 10 to 20 years of experience on the job amounts to an average salary of $50K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $53K on average.

Pay Difference by Location

National Average: $44,126

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

Property Managers will find that New York offers an impressive pay rate, one which exceeds the national average by 37 percent. Property Managers will also find cushy salaries in Boston (+28 percent), Chicago (+24 percent), Dallas (+23 percent), and Atlanta (+21 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 1141 votes.
Less than 1 year
3%
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

▲19%

▲13%

▲5%

National Average
$44,000

▼14%

Skills That Affect Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1141 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
3%
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: 37%
dental benefits
None: 36%
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