Real Estate Leasing Manager Salary
Real Estate Leasing Managers who are practiced in their profession and carry more than 10 years of experience make up more than half of Real Estate Leasing Managers. Pay fluctuates from $32K to $111K per year, but expected earnings average $70K per year. Medical benefits are awarded to a fair number, and more than half earn dental coverage. Women make up a slight majority of Real Estate Leasing Managers (57 percent) survey respondents. For the most part, Real Estate Leasing Managers enjoy their work and report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
|Salary||$39,305 - $97,558|
|Bonus||$986 - $25,342|
|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).)
|$36,436 - $115,562|
Job Description for Real Estate Leasing Manager
A real estate leasing manager handles the the concerns of leasing and rental tenants. They typically work for property management companies which deal with a wide range of property types and handle commercial buildings, apartment complexes, and university apartments, among others. Much of their job involves showing properties to potential tenants, and they also deal with tenant complaints such as maintenance problems.Read More...
The minimum requirement to be a leasing manager is a high school diploma, but most companies prefer those with a college degree in business, finance, or real estate. Typically, a 2-year or 4-year degree is appropriate. Some states may also require the leasing manager to be certified for government-subsidized housing. Some employers require several years of real estate experience for manager positions.
A real estate leasing manager needs to be proficient with computers, fax machines, and scanners, and software for accounting, spreadsheets, and databases is used frequently. He/she must also a clean driving record and be able to pass a drug test and background check.
Real estate leasing managers work both indoors and outdoors. They typically work in an office in a property management company, but much of their work involves traveling and being on their feet while showing properties to clients. They must also be able to effectively handle the stress of disgruntled tenants, so strong communication and customer service skills are essential. The work hours are often the 9-to-5 business schedule, but these managers may sometimes be needed on nights or weekends. (Copyright 2017 PayScale.com)
Real Estate Leasing Manager Tasks
- Train staff and generate new leases by outreach, marketing, and setting goals.
- Show properties, orient new tenants and assist with move out procedures.
- Uphold service and property appearance standards and resolve customer problems promptly.
- Oversee a team of leasing agents and liaise with marketing to ensure smooth service.
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Pay by Experience Level for Real Estate Leasing Manager
Pay by Experience for a Real Estate Leasing Manager has a positive trend. An entry-level Real Estate Leasing Manager with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 18 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Leasing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $82,000 based on 18 salaries. An experienced Real Estate Leasing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $79,000 based on 26 salaries. A Real Estate Leasing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $85,000 based on 8 salaries.
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