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Residential Property Manager Salary

The average pay for a Residential Property Manager is $38,559 per year. The skills that increase pay for this job the most are Budget Management, Project Management, Operations Management, and People Management.
$20,529 - $59,656
(Median)
21K
29K
39K
48K
60K
MEDIAN: $38,559
10%
25%
50%
75%
90%

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$10.02 - $20.32
(Median)
10
12
14
18
20
MEDIAN: $14.00
10%
25%
50%
75%
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$20K$40K$60K
Salary
$20,529 - $59,656  
   
Bonus
$0.00 - $7,180  
Profit Sharing
$0.00 - $8,086  
Commission
$360.00 - $8,600  
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).
)
$21,407 - $57,526  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 258
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$10$20$30
Hourly Rate
$10.02 - $20.32  
   
Overtime
$0.00 - $28.09  
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$20K$40K$60K
Bonus
$0.00 - $7,180  
   
Commission
$360.00 - $8,600  
Profit Sharing
$0.00 - $8,086  
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).
)
$21,407 - $57,526  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 109
United States (change)

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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Property Manager Job Listings

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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.

Residential Property Manager Advice

What do you wish you knew about your job when you first started out?
Residential Property Manager in Salt Lake City:
"Overworked And Underpaid- Makes Me Feel Not Appreciated."
Check to see if your rent is included in your wage. Some places you do not pay rent and you are also paid a decent salary. Know that with this job, people will get mad and take it out on you. If you live on site, everything you do is being watched by someone.
Residential Property Manager in Chula Vista:
"Wish I Knew."
Wish I knew we would not get a raise after a year, even though we sold or rented homes that were vacant for 14 months.

Related Job Salaries

Experience Affects Residential Property Manager Salaries

Late-Career
up arrow 15%

Experienced
up arrow 13%

Mid-Career
up arrow 1%

National Average
$37,000

Entry-Level
up arrow 13%

Skills That Affect Residential Property Manager Salaries

Budget Management
up arrow 29%

Project Management
up arrow 20%

Operations Management
up arrow 14%

People Management
up arrow 10%

Customer Relations
up arrow 6%

Maintenance
up arrow 6%

Property Management
up arrow 4%

National Average
$37,000


Accounting
up arrow 18%

Sales
up arrow 25%

Facility Maintenance & Coordination
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 73 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
29%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 58% dental benefits Dental: 40%
vision benefits Vision: 32% employee benefits None: 42%