Regional Director of Property Management Salary
Earnings for Regional Directors of Property Management in the United States come in at around $86K per year on average. Women Regional Directors of Property Management who took the survey just slightly outnumber men. Health benefits are not claimed by all — about one in five lack any form of coverage — but a fair number have medical insurance, and more than half have dental, too. Most Regional Directors of Property Management report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Job Description for Regional Director of Property Management
Regional directors of property management are typically responsible for financial and marketing services, as well as customer service, staff management, controlling expenses, and optimizing rental income.Read More...
These directors must manage properties to ensure proper operations and that all company standards are met. They also hire, train, and supervise staff to ensure that they achieve their goals. Prior experience in managing residential properties is necessary for this position, and experience in sales, marketing, and staff supervision may also be required. Regional property management directors should also have multitasking skills, strong communication skills, and knowledge of computer software. They often receive benefits from their employers, such as health and dental insurance or car/phone reimbursement, and a bachelor's degree and at least three years of property management experience are generally required, though this varies by employer.
Regional directors of property management also manage and resolve customers' complaints to ensure their satisfaction, and they may be assisted by a team or team member in these duties to keep customers returning for future service.
Regional Director of Property Management Tasks
- Set and ensure adherence to property budgets and profit goals.
- Maintain accounts on all properties, and report overall cost and revenue to inform forecasting and remodeling efforts.
- Supervise a portfolio of managers and properties in day-to-day and strategic operations.
- Resolve large-scale disputes related to property agreements, safety, sanitation, and collections.
Regional Director of Property Management Job Listings
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Pay by Experience Level for Regional Director of Property Management
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Although individuals who have less than five years' experience earn $60K on average, people with five to 10 years benefit from a notably larger average of $85K. Regional Directors of Property Management who work for 10 to 20 years in their occupation tend to earn about $91K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $109K, which is substantially larger than the medians reported by folks with fewer years on their resumes.