Are yearning to pursue a career in the real estate industry by becoming a property manager in the 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. 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. 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. Read this article to learn the important information that you should remember about the salary of a property manager in USA.
Your level of education is critical in affecting the amount you are to be paid as a property manager. The minimum level of education level that is required for property management is a high school diploma, this however means that you are likely to earn the minimum payment. 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.
Certifications is another determinant of the amount of money that you are likely to earn as a property manager pay. 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 . This certification shows that you are knowledgeable when it comes to the management of both residential and commercial properties.
Which type of property are you going to manage? 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. A real estate firm that is operating from the city of different states is likely to be paying property managers more than those operating in small towns.
The average size of the property management firm has an impact on 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.
The amount of experience that a property manager has will determine the amount that they are to be paid. A property manager with many years in business is likely to earn more than what an inexperienced property manager will earn.
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