Residential Property Manager Salary

A Residential Property Manager earns an average salary of $39,144 per year. Skills that are associated with high pay for this job are Budget Management, Project Management, Operations Management, and People Management. Experience has a moderate effect on income for this job.

$20,323 - $64,371
(Median)
$20K
$39K
$64K
MEDIAN: $39,143
10%
50%
90%

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$10.06 - $20.52
(Median)
$10
$14
$21
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Salary
$20,323 - $64,371  
   
Bonus
$0.00 - $7,830  
Profit Sharing
$0.00 - $3,091  
Commission
$-0.50 - $28,603  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$21,685 - $62,303  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 368
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$10.06 - $20.52  
   
Overtime
$0.00 - $39.64  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $7,830  
   
Commission
$-0.50 - $28,603  
Profit Sharing
$0.00 - $3,091  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$21,685 - $62,303  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 143
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Job Description for Residential Property Manager

A residential property manager is typically employed by a property owner or real estate company to oversee a rental property or properties. Apartment and condominium complexes frequently have a residential manager working in an on-site office at the property. A property manager may also help with the day-to-day management of a group of smaller individual apartments or duplexes as well. The residential property manager acts as an agent for the landlord or leaseholder, helping to facilitate payment of rent and other agreed-upon fees. The property manager regularly conducts exterior inspections of the properties he or she manages, ensuring that all areas are kept up in an attractive and safe manner. They are the first point of contact when residents require repair issues; the manager schedules and prioritizes repairs and follows through to ensure their completion.

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Residential Property Manager Tasks

  • Process leases, collect rent, make bank deposits, verify income and maintain waiting list.
  • Ensure compliance with HUD, TCAC or other regulations.
  • Process evictions.
  • Supervise on-site staff and coordinates repairs and maintenance.

Common Career Paths for Residential Property Manager


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Popular Skills for Residential Property Manager

Pay by Experience Level for Residential Property Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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Experience Affects Residential Property Manager Salaries



National Average
$37,000



Skills That Affect Residential Property Manager Salaries


Project Management
up arrow 31%

Operations Management
up arrow 12%



Customer Relations
up arrow 6%

Customer Service
up arrow 2%

Maintenance
up arrow 2%

National Average
$37,000

Accounting
up arrow 20%

Sales
up arrow 26%

Facility Maintenance & Coordination
up arrow 34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
26%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 58% dental benefits Dental: 38%
vision benefits Vision: 31% employee benefits None: 42%
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