Property Manager Salary

Pay for Property Managers in the United States sits in the ballpark of $46K per year. Total cash compensation to Property Managers varies from $27K to $71K; higher pay grades include potential for bonuses and profit sharing as high as $10K each. Earnings for this group are mostly affected by the company, followed by the particular city and years of experience. Although a majority have medical coverage and approximately one-half have dental coverage, close to a third claim no health benefits at all. Most Property Managers survey respondents are women (74 percent). Job satisfaction for Property Managers is high. The data in this summary comes from the PayScale salary survey.
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$29,613 - $70,292
(Median)
$30K
$46K
$70K
MEDIAN: $45,561
10%
50%
90%

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$10.69 - $22.60
(Median)
$11
$15
$23
MEDIAN: $15.00
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
$29,613 - $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
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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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Property Managers who transition into a Portfolio Manager role may receive large pay increases as the latter position pays an average $90K per year. A Commercial Property Manager or a Community Association Manager is a typical transition from a Property Manager role.

Popular Employer Salaries for Property Manager


Property Managers fill the offices of leading firms Property Management Company, Public Storage, Inc., Property Management, Inc., Riverstone Residential Group, and Home Properties, Inc. Property Managers seeking a sizable paycheck can earn the most at CBRE Group, where the median salary comes to $77K, though the large pay difference between employees at the top ($35K) and those starting out ($111K) creates a rather diverse pay scale. Greystar Management, Equity Residential, and Jones Lang LaSalle are a few other companies that offer generous salaries, with Property Managers earning around $76K, $75K, or $73K at each firm, respectively.

Known for its small paychecks, Public Storage, Inc. actually ranks last in the field for salary, reporting a median income of $25K — 212 percent lower than the top payer. Other low-paying employers include Property Management, Inc. at $35K and Property Management Company at $37K, though some Property Managers there earn up to $59K.

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, 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 pay less than market rate include Bookkeeping, Collections, and Microsoft Office. Employees educated in Customer Service are typically practiced in Property Management, too.

Pay by Experience Level for Property Manager

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


Property Managers do not generally earn higher incomes from more experience in the field. 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 $46K. Property Managers see a median salary of $51K after reaching 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.

New York offers some of the highest pay in the country for Property Managers, 52 percent above the national average. Property Managers will also find cushy salaries in 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 at Property Management, Inc.?

Property Manager in Bremerton:
"I have made a awesome difference in everyone's lives."
Pros: Running a successful system and where everyone gets what they need. Making a difference and showing my worth.
Cons: Late night emergencies.

What is it like working as a Property Manager?

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

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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 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%
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