Average Property Manager Salary

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.

This job requires a lot of multitasking. Interviewing and hiring of contractors and regular employees will be the duty of the property manager. The property manager will usually be in charge of training new employees. Strong leadership and communication skills are necessary, in order to be able to work well with other employees and with clients. The property manager will oversee a budget, so it is important to keep costs low. Often, the property manager will aid the marketing and customer service departments in coming up with strategies to increase sales and customer satisfaction.

When customers have complaints or suggestions, they will often wish to speak to the property manager, so it is important to have strong customer service skills, the desire to be able to problem-solve, and the ability to use available resources to come to a positive outcome. Computer skills are necessary, in order to be able to carry out electronic communication, to track expenses and budgets, and to create financial reports. Usually, a bachelor’s degree is required, along with relevant experience. (Copyright 2018 PayScale.com)

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.

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).