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 $46K per year-national average for those in this area of work. Greystar Management, Jones Lang LaSalle, and Greystar are a few other companies that offer generous salaries, with Property Managers earning around $77K, $73K, or $60K at each firm, respectively. The data for this synopsis comes from respondents who took the PayScale salary survey.
Read More
$29,718 - $70,495
(Median)
$30K
$46K
$70K
MEDIAN: $46,352
10%
50%
90%

Add this chart to your site: 640px    300px

$10.80 - $23.13
(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
$29,718 - $70,495  
   
Bonus
$201.85 - $10,048  
Profit Sharing
$0.00 - $8,726  
Commission
$504 - $12,011  
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).
)
$26,865 - $71,051  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 5,777
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
$10.80 - $23.13  
   
Hourly Tips
$1.06  
Overtime
$14.56 - $32.81  
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
$201.85 - $10,048  
   
Commission
$504 - $12,011  
Profit Sharing
$0.00 - $8,726  
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).
)
$26,865 - $71,051  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,763
United States (change)

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 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


Property Managers may progress into high-paying roles like Regional General Manager, where median compensation is $88K annually. A Commercial Property Manager or a Community Association Manager is a typical transition from a Property Manager role.

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, Operations Management, Contract Negotiation, and Real Estate are correlated to pay that is above average, with boosts between 9 percent and 14 percent. At the other end of the pay range are skills like Maintenance, Bookkeeping, and bill collections. The majority of those who know Customer Service also know Customer Relations. Most people 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. 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

National Average: $44,199

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

For Property Managers, working in the bustling city of New York has its advantages, including an above-average pay rate. Property Managers will also find cushy salaries in Boston (+31 percent), Dallas (+29 percent), Chicago (+20 percent), and Atlanta (+17 percent).

Property Manager Reviews

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.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Property Manager Salaries




National Average
$44,000


Skills That Affect Property Manager Salaries







National Average
$44,000

Property Management
up arrow 1%

Accounting
up arrow 1%

Customer Relationship Management (CRM)
up arrow 3%

Customer Relations
up arrow 4%






Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1151 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
28%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 62%
dental benefits
Dental: 47%
medical benefits
Vision: 37%
dental benefits
None: 35%
ADVERTISEMENT