Are you interested in joining property management career in US? When looking to work as a property manager, their pertinent issues that you should know before you pursue the career, for stance, you need to know the salary entitled to a property manager. Even though property managers perform similar duties in many property management firms across different states in the US, you will realize that their pay is never the same, it differs from one company to another. Some of the reasons why property managers salaries differ include the level of education of the property manager, the portfolios of properties they managing among others. Here is a discussion on what you need to know about a property manager pay in the USA.
Your level of education is critical in affecting the amount you are to be paid as a property manager. A high school diploma from a reputable high school is the minimum level of education that is required for managing rental houses which will earn the minim pay for a property manager. As more property management companies are looking to have property managers who can handle finances, marketing and also do business planning, more are going for managers with degrees in business administration, accounting, and finance and this equally dictates more pay.
As a property manager, official recognition in property management will also affect your salary. For you to be in a position to demand a higher pay as a property manager, you need to have a practicing license issued by the Institute of Real Estate Management body. To show that you are knowledgeable in property management, you need to have a professional property management practicing certificate.
The type of property that you will be managing will also affect the amount you are to be paid. According to a research done in the USA, a real estate asset manager earns an average of $76,000 while a self-storage property manager is paid an average of $71,000 and $41,000 for an apartment manager. The location of the company will also affect your pay, a company that is located in the city will pay more than one in the suburbs.
The size of the property management company will also impact the amount of money you are to earn as a property manager. An established property management company is one that has been in business for many years, such a company is capable of paying a higher salary to their property managers than a new firm in the industry.
Your level of experience in the industry is a critical factor in defining the property manager pay. Property managers who have been offering their services for many years are considered experienced and have the advantage of demanding higher pay than an inexperienced property manager.
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