Rental Coordinator Salary
Pay for Rental Coordinators in the United States sits in the ballpark of $15.76 per hour. Women Rental Coordinators who took the survey just slightly outnumber men. Unfortunately, some people in this line of work are without benefits — just under one in three lack coverage. On the flip side, the greater part have medical insurance and the larger part receive dental plans. Job satisfaction is high and work is enjoyable for most Rental Coordinators. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Job Description for Rental Coordinator
Many people rent homes and apartments rather than purchase them. For the owner of a building being leased in whole such as a house, or in parts as with apartments, rental coordinators are necessary to find tenants, lease space, collect payments, and otherwise ensure that all goes smoothly in the process for both the owner and new tenant.Read More...
Rental coordinators represent the owner in renting out a property and conduct paperwork, collect renters' information, provide renters with information, conduct background and credit checks, and ensure that all necessary paperwork is filled out and represented in a signed contract. They typically serve as a point of contact between owners and renters and as the primary liaison between the two parties moving forward.
Rental coordinators also show properties to prospective renters, answer phones, file paperwork, and oversee property conditions. When a tenant moves out, the coordinator handles the necessary paperwork and ensures that the property is cleaned, repaired, and ready for a new tenant. They typically work from an office, but also spend time at the property locations, especially in-between tenants and showing properties to prospective tenants. They also make arrangements for necessary repairs and ensure that general maintenance is up-to-date.
Educational requirements are not strict for this position. A high school diploma is often a minimum requirement, and applicants should have knowledge of leasing, local ordinances regarding rentals, and basic property necessities, as well as strong written and verbal communication skills and the ability to work patiently with all kinds of people.
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Pay by Experience Level for Rental Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Rental Coordinators, more experience generally translates to higher pay. The median compensation for relatively untried workers is $36K; in the five-to-10 year group, it's higher at around $41K. Rental Coordinators with one to two decades of relevant experience report an average salary of approximately $41K. Average wages for folks with more than 20 years of experience come out to around $54K.
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Key Stats for Rental Coordinator
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