Are yearning to pursue a career in the real estate industry by becoming a property manager in the US? Well there are critical things such as the property manager’s pay that you need to know before joining the industry. While the duties and responsibilities of all property managers are similar in all property management companies, yet their pays will differ from one company to another. Several factors such as level of education, experience and nature of properties one is managing are some of the factors which lead to the variances in property managers pay. Here is a discussion on what you need to know about a property manager pay in the USA.
Education level is among the essential aspects that affect the amount one earns as a property manager. When it comes to minimum education level, a high school diploma from a recognized institution is required for handling rental properties which means your payment will be on the lower end. 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. For more facts about real estate, visit this website at http://kids.britannica.com/comptons/article-9334258/Real-estate
As biggest real estate companies, official recognition in property management will also affect your salary. One of the key certifications that will give you an upper hand in bargaining for more pay is having an endorsement for the Institute of Real Estate Management that shows you are certified property manager . 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. Averagely, an apartment manager is entitled to earn $41,000, while a self-storage facility manager earns 71,000 dollars and $76,000 for a real estate asset manager. Property managers of those companies in the main cities will earn more than those in other towns.
You need to note that the size of a property management company will also dictate the property manager pay. A property management company that was established recently will not have the financial strength to pay a big salary like one that has been in business for many years, because the latter has more market and is established in the business. Be sure to click here for more info!
Your level of experience in the industry is a critical factor in defining the property manager pay. When you have been in this industry for many years as a property manager, you can ask for more pay than what a new entrant in property management can ask for.