Real Estate Leasing Manager Salary
With a little over a half of Real Estate Leasing Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Real Estate Leasing Managers is $71K annually and can range from $36K on the lower end to $119K per year near the higher end. Most Real Estate Leasing Managers survey respondents are women (72 percent). Around one in five of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and a majority claim dental coverage as well. Job satisfaction for Real Estate Leasing Managers is high. This overview is based on answers to PayScale's salary questionnaire.
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
- Train staff and generate new leases by outreach, marketing, and setting goals.
- Show properties, orient new tenants and assist with move out procedures.
- 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.
Real Estate Leasing Manager Job Listings
Search for more jobs:
Pay by Experience Level for Real Estate Leasing Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Real Estate Leasing Managers. Relatively untried employees who have less than five years' experience make $45K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $80K. 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 $88K.
Real Estate Leasing Manager Advice
Related Job Salaries
Key Stats for Real Estate Leasing Manager
Rated 4 out of 5
based on 8 votes.