$47,441
Avg. Salary

Average additional compensation for this job:

Bonus

$2,661

Profit Sharing

$973

Commission

$3,098
The national average salary for Property Managers is $47K annually; by contrast, Equity Residential pays at a significantly higher rate, offering average pay of $81K. Those in search of high salaries should also consider Jones Lang LaSalle, Greystar, and Greystar Management, top-paying firms where Property Managers rake in a $73K, $61K, or $60K, respectively. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$29,817 - $72,018
$30K
$47K
$72K
MEDIAN: $47,441
10%
50%
90%

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$11.17 - $23.99
$11
$16
$24
MEDIAN: $15.70
10%
50%
90%

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$0$72K
Salary $29,817 - $72,018
Bonus $259 - $10,078
Profit Sharing $0.00 - $7,757
Commission $610 - $11,836
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).
)
$27,042 - $72,290
  • Country: United States
  • Currency: USD
  • Updated: 10 Sep 2018
  • Individuals Reporting: 10,722
Hourly Data $0$32
Hourly Rate $11.17 - $23.99
Hourly Tips $0.02 - $8.10
Overtime $14.93 - $32.88
Annual Data $0$72K
Bonus $259 - $10,078
Commission $610 - $11,836
Profit Sharing $0.00 - $7,757
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).
)
$27,042 - $72,290
  • Country: United States
  • Currency: USD
  • Updated: 10 Sep 2018
  • Individuals Reporting: 3,602

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.

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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$103K

$22,018

$44,421

Greystar
15 profiles
$61,218

$58,197

$49,132

$75,497

$46,478

$42,838

Drucker and Falk
11 profiles
$47,200

$56,500

Common Career Paths for Property Manager


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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: $44,834

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 Colorado Springs:
"Decent."
Pros: Helping people find a place to call home.
Cons: Low pay high expectations.

Property Manager in La Crosse:
"Interesting."
Pros: Having My own Office.
Cons: Tenants not paying their rent and lying to me.

Property Manager in Buffalo:
"The experience of being in the mix."
Pros: I am included in most conversations regarding business operations and goals. The responsibility I take on is generally much more than others, my age and experience, in my field. I have a flexible schedule and have been promised to be made partner in the future.
Cons: The pay is lousy. Often I feel that promises are made and never followed up on. Dealing with tenants can be stressful. I receive no bonuses, perks, overtime, or insurance from my employer.

Property Manager in Menlo Park:
"Work flexibility iscounted rent."
Pros:
Cons: Tenants, negoiations and complaints.

Property Manager in Winder:
Pros: Flexibility and the fact that I am my own boss.
Cons: Environment. It's hard to collect rent and deal with uneducated residents.

Property Manager in San Antonio:
"On-Site Storage Manager."
Pros: Working with a variety of people and living and working at the same location.
Cons: Same drab environment, no grass or scenery.

Property Manager in St. Robert:
"Stressful."
Pros: The people that I work along side with.
Cons: The stress, the stupid request, the pay that I recieve.

Related Job Salaries

Key Stats for Property Manager

Gender

Female
74 %
Male
26 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2568 votes.
Less than 1 year
3%
1-4 years
32%
5-9 years
25%
10-19 years
28%
20 years or more
12%

Experience Affects Property Manager Salaries

▲18%

▲11%

▲3%

National Average
$45,000

▼16%

Skills That Affect Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2568 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
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%