Regional Director of Property Management Salary
Regional Directors of Property Management in the United States can expect to earn an average of $89K per year. Job satisfaction for Regional Directors of Property Management is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent. Although just under a fourth lack health benefits of any kind, a fair number do enjoy medical insurance, and the larger part get dental coverage, too. The figures in this rundown are based on the results of 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.
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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.
Regional Directors of Property Management who reported more years of relevant experience also reported higher earnings. Folks with fewer than five years of experience take home $75K on average, and those who have worked for five to 10 years see a bigger median salary of $91K. The average pay reported by folks with 10 to 20 years of experience is around $94K. Professionals with more than two decades of experience behind them enjoy a prosperous six-figure median salary of $118K.
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