Residential Property Manager Salary

A Residential Property Manager earns an average salary of $40,671 per year. A skill in Customer Relations is associated with high pay for this job. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.

$23,487 - $66,355
$23K
$41K
$66K
MEDIAN: $40,671
10%
50%
90%

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$11.03 - $25.59
$11
$15
$26
MEDIAN: $15.43
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$23,487 - $66,355  
   
Bonus
$0.00 - $8,081  
Profit Sharing
$0.00 - $5,152  
Commission
$970 - $10,365  
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).
)
$24,603 - $64,618  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 330
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$11.03 - $25.59  
   
Hourly Tips
$0.27  
Overtime
$-0.50 - $40.96  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $8,081  
   
Commission
$970 - $10,365  
Profit Sharing
$0.00 - $5,152  
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).
)
$24,603 - $64,618  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 116

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

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

Pay by Experience for a Residential Property Manager has a positive trend. An entry-level Residential Property Manager with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 189 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Residential Property Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 154 salaries. An experienced Residential Property Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $42,000 based on 146 salaries. A Residential Property Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $46,000 based on 71 salaries.

Pay Difference by Location

National Average: $40,130

Larger city markers indicate a job is popular in that location.

Residential Property Manager Reviews

Q: What is it like working as a Residential Property Manager?

Residential Property Manager in Fairbanks:
"I like to be appreciated for what I'm trying to do."
Pros: Being able to help people. And to motivate people to help themselves.
Cons: The tenants that don't pay don't care and are just toxic to society.

Related Job Salaries

Key Stats for Residential Property Manager

Gender

Female
68 %
Male
32 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.
Less than 1 year
1%
1-4 years
31%
5-9 years
26%
10-19 years
26%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Residential Property Manager Salaries

▲15%

▲6%

National Average
$40,000

▼1%

▼7%

Skills That Affect Residential Property Manager Salaries

Customer Relations
▲25%


Operations Management
▲5%


National Average
$40,000


Real Estate
▼3%



Maintenance
▼5%

Leasing Software
▼9%

Accounting
▼25%

Sales
▼31%

Facility Maintenance & Coordination
▼38%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
1%
1-4 years
31%
5-9 years
26%
10-19 years
26%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 57%
dental benefits
Dental: 38%
vision benefits
Vision: 31%
no benefits
None: 41%