Property Management Salaray Information

June 27, 2011 | Author: Greg | Posted in Management

If you want to be a property manager, you are probably wondering what a property manager salary is right?  For those of you that want to find out, we’ll tell you what you can expect to make when looking into property management salary information to get your new career started.

The first thing to understand is the two main ways that property managers get paid.  There is a hybrid model, which consists of salary and commission perks, or there is a straight salary model.  The salary model pays about $42,000 to $75,000 dollars a year on average.  The hybrid model starts at about $36,000 to $55,000 per year on the salary side.  While the hybrid may sound like a lot less money, the reality is that most property managers seek out this type of pay scale as they can make a killing with added commission bonuses.  Let’s go over exactly why this is the case.

Most hybrid pay scales give a commission based on payments received and tenants that sign up.   This means that you will need to do some advertising, but the truth is, this is all stuff you would do even if you weren’t commissioned to do it.  By knowing this, why not get paid extra for the things you already do?  By getting new tenants, receiving payments, and keeping your properties full, you will receive hefty commission bonuses that would not be available to you if you were just on the salary model.  Understanding this can help the motivated property managers out there to seek out firms that are paying this type of property manager salary.

Property management salary can also depend upon the experience of the individual.  This means that the longer you have been managing, the more you will get paid, but this is not true of all property manager salary caps.  Most firms are moving to a production system which means that if you produce well for them, you will get paid more than the competing managers that may have more experience.  Money talks, and the better job you do for your employer, the better you will get paid.  This is true in most industries, but it is definitely true when it comes to property management salary information.  You can find out a lot more information about property management jobs by going to propertymanagementjobsguide.com  Here you will find a list of articles that describe a property management job and what you can expect once you get hired.

Author: Greg

This author has published 45 articles so far. More info about the author is coming soon.

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