The average pay for a Residential Property Manager is $40,594 per year. The skills that increase pay for this job the most are Customer Relations and Budget Management.

$20,965 - $64,527
(Median)
$21K
$41K
$65K
MEDIAN: $40,593
10%
50%
90%

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$11.17 - $25.28
(Median)
$11
$15
$25
MEDIAN: $15.00
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$22K$44K$66K
Salary
$20,965 - $64,527  
   
Bonus
$0.00 - $7,737  
Profit Sharing
$0.00 - $5,106  
Commission
$148.99 - $29,032  
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).
)
$23,751 - $63,503  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 367
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$15$30$45
Hourly Rate
$11.17 - $25.28  
   
Hourly Tips
$0.27  
Overtime
$4.25 - $43.04  
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$30K$60K$90K
Bonus
$0.00 - $7,737  
   
Commission
$148.99 - $29,032  
Profit Sharing
$0.00 - $5,106  
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).
)
$23,751 - $63,503  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 138
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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.

Pay Difference by Location

National Average: $39,997

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

Residential Property Manager Reviews

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

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Experience Affects Residential Property Manager Salaries



National Average
$40,000



Skills That Affect Residential Property Manager Salaries

Customer Relations
up arrow 25%



Operations Management
up arrow 5%

Real Estate
up arrow 4%

Property Management
0%

National Average
$40,000

Customer Service
up arrow 3%

People Management
up arrow 3%

Maintenance
up arrow 4%

Leasing Software
up arrow 9%

Accounting
up arrow 25%

Sales
up arrow 30%

Facility Maintenance & Coordination
up arrow 38%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 87 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
1%
1-4 years
33%
5-9 years
26%
10-19 years
25%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 58%
dental benefits
Dental: 39%
medical benefits
Vision: 32%
dental benefits
None: 41%
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