Real Estate Leasing Manager Salary
Earnings for Real Estate Leasing Managers in the United States come in at around $69K per year on average. The majority of Real Estate Leasing Managers claim high levels of job satisfaction. The vast majority (80 percent) of Real Estate Leasing Managers who took the survey are female. Health benefits are not claimed by all — approximately one-fifth lack any form of coverage — but a fair number have medical insurance, and the larger part have dental, too. The data for this synopsis comes from respondents who took the PayScale salary survey.
Job Description for Real Estate Leasing Manager
A real estate leasing manager handles the the concerns of leasing and rental tenants. They typically work for property management companies which deal with a wide range of property types and handle commercial buildings, apartment complexes, and university apartments, among others. Much of their job involves showing properties to potential tenants, and they also deal with tenant complaints such as maintenance problems.Read More...
The minimum requirement to be a leasing manager is a high school diploma, but most companies prefer those with a college degree in business, finance, or real estate. Typically, a 2-year or 4-year degree is appropriate. Some states may also require the leasing manager to be certified for government-subsidized housing. Some employers require several years of real estate experience for manager positions.
A real estate leasing manager needs to be proficient with computers, fax machines, and scanners, and software for accounting, spreadsheets, and databases is used frequently. He/she must also a clean driving record and be able to pass a drug test and background check.
Real estate leasing managers work both indoors and outdoors. They typically work in an office in a property management company, but much of their work involves traveling and being on their feet while showing properties to clients. They must also be able to effectively handle the stress of disgruntled tenants, so strong communication and customer service skills are essential. The work hours are often the 9-to-5 business schedule, but these managers may sometimes be needed on nights or weekends.
Real Estate Leasing Manager Tasks
- Uphold service and property appearance standards and resolve customer problems promptly.
- Oversee a team of leasing agents and liaise with marketing to ensure smooth service.
- Train staff and generate new leases by outreach, marketing, and setting goals.
- Show properties, orient new tenants and assist with move out procedures.
Real Estate Leasing Manager Job Listings
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Pay by Experience Level for Real Estate Leasing Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Respondents with less than five years' experience take home $44K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $78K. Real Estate Leasing Managers bring in $80K after working for 10 to 20 years. Seasoned veterans with 20 years under their belts enjoy a median income of $95K.