As a property manager you are going to be given the responsibility and duty of increasing the value of different residential and commercial properties. While you are doing this as a will is the property manager, you'll also be making sure that apartments and office spaces are maintained, you will be giving towards for people, and you also the collecting rent from those who are in apartments or office spaces. As a property manager you will also be in charge of hiring and training employees, you will be completing sales, you also be filling out reports on finances for the property owners to remain updated. You will be paid a salary and you also be getting bonuses such as commissions if you are working independently.
As a property manager you can expect to be earning a annual average salary of $45,000, and this is according to the Bureau of Labor Statistics 2008. Most property real estate managers who work in the United States generally earn salaries ranging from $30,000-$70,000 a year. Factoring in all the bonuses, the profit-sharing and commissions that you will be earning as a property manager, you can expect to be earning a salary ranging from $35,000-$80,000.
The longer that you gain experience working as a real estate property manager you can most definitely expect a higher salary. Property managers with less than a year working in business earn an average salary ranging from $25,000-$40,000 a year according to Payscale.com. Those property managers to have one to four years experience usually earn annual salaries ranging from $30,000-$45,000 a year.
Those property managers with 5 to 9 years of experience are earning salaries ranging from $35,000 to $50,000 a year. Those with 10 to 19 years of experience are earning salaries ranging from $40,000-$60,000 a year, and those with more than 20 years of experience as a property manager earn salaries ranging from $40,000-$70,000 a year.
The salary of property managers also vary based on who they are employed by. A property manager who is in play by a company owned property management firm is going to be earning a annual salary of $33,000-$50,000. Property managers who are employed by nonprofit organizations are earning an annual salary ranging from $33,000-$50,000.
Property managers who work for the state government are earning salaries ranging from $35,000-$54,000 a year. Property managers for the federal government are earning salaries ranging from $30,000-$65,000 a year. Lastly, those property managers who work and manage hospitals and colleges are earning salaries ranging from $45,000-$80,000 a year. Most property managers working in New York city earning a salary as high as $80,000 a year due to all the high end property in the area.
