$47,798
Avg. Salary
$15.78
Avg. Hourly Rate

Average additional compensation:

$2,601

Bonus

$982

Profit Sharing

$3,093

Commission

What am I worth?
How should I pay?

The average pay for a Property Manager is $15.78 per hour.

The average pay for a Property Manager is $47,798 per year.

$11.21
10%
$15.78
50%
$24.07
90%
MEDIAN $15.78
$30k
10%
$48k
50%
$72k
90%
MEDIAN $47,798
$29,868 - $72,207
$30K
$48K
$72K
MEDIAN: $47,798
10%
50%
90%

Add this chart to your site: 640px    300px

$11.21 - $24.07
$11
$16
$24
MEDIAN: $15.78
10%
50%
90%

Add this chart to your site: 640px    300px

$0$72K
Salary $29,868 - $72,207
Bonus $291 - $10,071
Profit Sharing $0.00 - $7,980
Commission $604 - $11,774
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).
)
$27,148 - $72,479
  • Country: United States
  • Currency: USD
  • Updated: 27 Nov 2018
  • Individuals Reporting: 10,532
Hourly Data $0$32
Hourly Rate $11.21 - $24.07
Hourly Tips $0.02 - $8.10
Overtime $14.86 - $32.95
Annual Data $0$72K
Bonus $291 - $10,071
Commission $604 - $11,774
Profit Sharing $0.00 - $7,980
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).
)
$27,148 - $72,479
  • Country: United States
  • Currency: USD
  • Updated: 27 Nov 2018
  • Individuals Reporting: 3,604

Job Description for Property Manager

A property manager oversees the operation of a commercial or residential property. The property manager can oversee a variety of employees, such an accounting department, sales department, maintenance department, and grounds-keeping department. The property manager must do periodic inspections of the various parts of the grounds to make sure that everything is in working order. Additionally, work should be followed up on to ensure swift completion.

Read More...

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.

Property Manager Pay By Employer

$0$93K

$22,018

$44,367

$58,197

Greystar
13 profiles
$61,067

$49,132

$42,840

Associa Ltd
11 profiles
$55,114

$76,761

$48,718

$69,339

Common Career Paths for Property Manager


Add this chart to your site:   640px 640px    300px 300px


Property Managers who transition into a Portfolio Manager role may receive large pay increases as the latter position pays an average $90K per year. A Property Manager may also move into a role as a Commercial Property Manager or a Community Association Manager.

Property Manager Job Listings

Popular Skills for Property Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Budget Management, Project Management, Operations Management, and Contract Negotiation are correlated to pay that is above average, with boosts between 9 percent and 12 percent. Skills that pay less than market rate include Bookkeeping, Maintenance, and bill collections. Most people experienced in Property Management also know Budget Management, Customer Relations, and Collections. Most people familiar with Customer Service also know Customer Relations.

Pay by Experience Level for Property Manager

Pay by Experience for a Property Manager has a positive trend. An entry-level Property Manager with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 3,143 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $46,000 based on 2,538 salaries. An experienced Property Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $50,000 based on 2,426 salaries. A 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 $53,000 based on 893 salaries.

Pay Difference by Location

National Average: $44,984

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

For Property Managers, busy New York offers a higher-than-average pay rate, 36 percent above the national average. Property Managers can also look forward to large paychecks in cities like Boston (+27 percent), Chicago (+23 percent), Dallas (+22 percent), and Atlanta (+20 percent).

Property Manager Reviews

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

Property Manager in Binghamton:
"Overwhelming."
Pros: My tenants.
Cons: My supervisor and pay rate.

Property Manager in Kure Beach:
Pros: Some cleanings are so easy. They have to put $1,000 deposit 30 days before their arrival day.(Helps so they do try to not break anything)
Cons: Must be able to work any day, Must buy own supplies (Which is well over the $12.50 a week for cleaning supplies)Must be able to have the condo ready before it's rented that same day. Job may be easy or bad don't know till check out.

Property Manager in Pensacola:
"Knowledgeable in the field."
Be patient with your Tenants.

Property Manager in Los Angeles:
Pros: Autonomy, flex work schedule.
Cons: Continuing education lack of reimbursement.

Property Manager in Dallas:
"Lots Of Hours, You Wear Lots Of Different Hats And Is Very Stressful."
Although this job allows schedule flexibility, you are on call 24/7. You wear many different hats in that you are responsible for tenant and landlord relations, you also prepare annual budgets and forecasts, plan shopping center marketing, spent a lot of time in your car driving from center to center and walking property. You determine property maintenance requirements, negotiate contracts with maintenance vendors and supervise vendor work.

Property Manager in Incline Village:
"This Is An All Encompassing Profession."
In this field you will do anything and everything. Your biggest challenge will be managing expectations of owners and renters.

Property Manager in Los Angeles:
"Property Management Can Be Great With The Right Company."
Pros: Working with the tenants over a long period of time, the apartment building becomes almost family like. Starting with leasing, people are usually excited about moving to a new place, although moving itself is stressful, generally the first step is very pleasant. After the tenants move in, it's nice getting to know them, usually and pretty much a pleasant experience. After the tenants have lived there for a while, you become very familiar, you bond with your tenants. When the tenants move out, it is usually if they get another job, or relocate to another school, or purchase a home, so they usually leave on good terms and they are excited for the future!
Cons: If you have more than one vacancy at any given time, you could very well lose your job. Sometimes a client will apply for an apartment, and you think it will be a perfect fit, a great addition to the building, and their application is declined. Eventually you will get a crazy tenant with mental health, or drug issues, and that is always horrible. Sometimes tenants you really care about will lose the job or have some sort of calamity and you'll have to evict them, not fun at all. There is an extremely high amount of paperwork in this job, so much so, I believe that we are the only industry that still uses fax machines on a daily basis. If you are hired by the wrong company, you will be under paid, and your tenants will be cheated.

Related Job Salaries

Key Stats for Property Manager

Gender

Female
74 %
Male
26 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2651 votes.
Less than 1 year
2%
1-4 years
32%
5-9 years
25%
10-19 years
28%
20 years or more
12%

Experience Affects Property Manager Salaries

▲17%

▲11%

▲3%

National Average
$45,000

▼16%

Skills That Affect Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2651 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
25%
10-19 years
28%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 47%
vision benefits
Vision: 38%
no benefits
None: 37%