$42,352
Avg. Salary
$15.44
Avg. Hourly Rate

Average additional compensation:

$1,544

Bonus

$500

Profit Sharing

$3,473

Commission

What am I worth?
How should I pay?

The average pay for a Residential Property Manager is $15.44 per hour.

The average pay for a Residential Property Manager is $42,352 per year.

$10.91
10%
$15.44
50%
$24.72
90%
MEDIAN $15.44
$23k
10%
$42k
50%
$71k
90%
MEDIAN $42,352
$23,205 - $70,822
$23K
$42K
$71K
MEDIAN: $42,352
10%
50%
90%

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$10.91 - $24.72
$11
$15
$25
MEDIAN: $15.44
10%
50%
90%

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$0$70K
Salary $23,205 - $70,822
Bonus $98.26 - $9,548
Profit Sharing $0.00 - $5,017
Commission $1,017 - $20,000
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).
)
$23,872 - $69,236
  • Country: United States
  • Currency: USD
  • Updated: 19 Feb 2019
  • Individuals Reporting: 641
Hourly Data $0$40
Hourly Rate $10.91 - $24.72
Hourly Tips $0.50
Overtime $11.49 - $40.96
Annual Data $0$69K
Bonus $98.26 - $9,548
Commission $1,017 - $20,000
Profit Sharing $0.00 - $5,017
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).
)
$23,872 - $69,236
  • Country: United States
  • Currency: USD
  • Updated: 19 Feb 2019
  • Individuals Reporting: 254

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.

Read More...
Residential 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.

Common Career Paths for Residential Property Manager


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Residential Property Manager Job Listings

Popular Skills for Residential Property Manager

Pay by Experience Level for Residential Property Manager

Pay by Experience for a Residential Property Manager has a positive trend. An entry-level Residential Property Manager with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 189 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Residential 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 $40,000 based on 154 salaries. An experienced Residential Property Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $42,000 based on 146 salaries. A Residential 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 $46,000 based on 71 salaries.

Pay Difference by Location

94%

-2%

-7%

National Average: $40,623

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

Residential Property Manager Reviews

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

Residential Property Manager in Jacksonville:
"It's never boring. Like being a mother."
Pros: My residents.
Cons: Lack of corporate teamwork.

Residential Property Manager in Sacramento:
"Career Planning."
Make sure you work for an organization that encourages educational growth, gives work performance evaluations and longevity is acknowledged and rewarded.

Residential Property Manager in Round Rock:
"Career Path."
Pros: Work environment, flexibility, team atmosphere, great management company.
Cons: Resident issues, pay.

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.

Residential Property Manager in Los Alamos:
"On call 24/7."
There needs to be pay for on call.

Residential Property Manager in Studio City:
"I wish I knew about that other in the same field money."
Never front money for parts.

Residential Property Manager in Salt Lake City:
"Overworked And Underpaid- Makes Me Feel Not Appreciated."
Check to see if your rent is included in your wage. Some places you do not pay rent and you are also paid a decent salary. Know that with this job, people will get mad and take it out on you. If you live on site, everything you do is being watched by someone.

Related Job Salaries

Key Stats for Residential Property Manager

Gender

Female
68 %
Male
32 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 183 votes.
Less than 1 year
2%
1-4 years
33%
5-9 years
25%
10-19 years
26%
20 years or more
14%

Experience Affects Residential Property Manager Salaries

▲14%

▲4%

National Average
$41,000

▼2%

▼8%

Skills That Affect Residential Property Manager Salaries

Customer Relations
▲23%


Operations Management
▲3%


National Average
$41,000


Real Estate
▼4%



Maintenance
▼6%

Leasing Software
▼10%

Accounting
▼26%

Sales
▼32%

Facility Maintenance & Coordination
▼39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 183 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
2%
1-4 years
33%
5-9 years
25%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 58%
dental benefits
Dental: 43%
vision benefits
Vision: 33%
no benefits
None: 41%