How much does a Leasing Specialist make?
A Leasing Specialist plays a key role in the real estate and property management industries. They help clients find and lease properties that meet their needs. The average yearly salary for a Leasing Specialist is around $39,732. This salary range can vary based on experience, location, and the type of properties being leased.
Leasing Specialists often earn more in areas with higher living costs. For example, those working in big cities like New York or San Francisco may see higher salaries. Experience also plays a big part. Those with more years in the field can expect to earn more. Here is a breakdown of the salary distribution:
- 10% of Leasing Specialists earn less than $29,000.
- 25% earn between $29,000 and $32,532.
- 50% earn between $32,532 and $43,127.
- 75% earn between $43,127 and $53,723.
- 90% earn less than $60,786.
What are the highest paying cities for a Leasing Specialist?
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Madison, WI
Average Salary: $51,771
In Madison, WI, a leasing professional can expect to work in a vibrant community with a mix of historic and modern properties. Companies like American Campus Communities and Madison Housing offer opportunities to connect with residents and promote available properties.
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Anchorage, AK
Average Salary: $51,127
Anchorage, AK, provides a unique setting for leasing specialists to thrive. With a growing population, there is a demand for housing in this city. Companies such as Alaska Housing Finance Corporation and local real estate firms offer dynamic environments for those in the field.
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Chicago, IL
Average Salary: $49,707
Chicago, IL, offers a bustling market for leasing specialists. The city's diverse neighborhoods and high demand for rental properties make it an exciting place to work. Companies like Equity Residential and The Related Companies provide opportunities to connect with a wide range of residents.
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San Francisco, CA
Average Salary: $47,655
San Francisco, CA, presents a challenging yet rewarding environment for leasing professionals. The city's high cost of living and competitive rental market require skilled negotiators. Companies such as Greystar and AvalonBay Communities offer dynamic roles in a fast-paced setting.
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Washington, DC
Average Salary: $47,565
In Washington, DC, a leasing specialist can enjoy a vibrant and diverse community. The city's mix of historic and modern properties attracts a wide range of residents. Companies like Invitation Homes and The Bozzuto Group offer opportunities to connect with a dynamic clientele.
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Portland, OR
Average Salary: $46,495
Portland, OR, offers a welcoming and eco-friendly environment for leasing professionals. The city's focus on sustainable living and community engagement makes it an appealing place to work. Companies like Greystar and The Related Companies provide opportunities to connect with a diverse range of residents.
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Seattle, WA
Average Salary: $46,056
Seattle, WA, provides a dynamic and innovative setting for leasing specialists. The city's tech-driven economy and diverse neighborhoods create a high demand for rental properties. Companies like Equity Residential and The Related Companies offer exciting opportunities in a fast-paced environment.
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Boulder, CO
Average Salary: $46,053
Boulder, CO, offers a laid-back yet vibrant environment for leasing professionals. The city's focus on outdoor activities and community engagement makes it an appealing place to work. Companies like American Campus Communities and local real estate firms provide opportunities to connect with a diverse range of residents.
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San Jose, CA
Average Salary: $45,910
San Jose, CA, presents a fast-paced and innovative environment for leasing specialists. The city's tech-driven economy and diverse neighborhoods create a high demand for rental properties. Companies like Greystar and The Related Companies offer exciting opportunities in a dynamic setting.
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Philadelphia, PA
Average Salary: $45,535
Philadelphia, PA, offers a rich history and diverse community for leasing professionals. The city's mix of historic and modern properties attracts a wide range of residents. Companies like Invitation Homes and The Bozzuto Group provide opportunities to connect with a dynamic clientele.
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What are the best companies a Leasing Specialist can work for?
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Lakeshore Management, Inc.
Average Salary: $73,234
Lakeshore Management, Inc. offers Leasing Specialist jobs with a focus on residential properties. They operate in several states, including Illinois, Indiana, and Michigan. Their role involves managing leases, tenant relations, and property maintenance.
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Invitation Homes
Average Salary: $69,870
Invitation Homes provides Leasing Specialist positions with a focus on single-family homes. They operate in multiple states, including Arizona, California, and Texas. Their role includes tenant screening, lease negotiations, and property management.
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LDG Development
Average Salary: $62,500
LDG Development offers Leasing Specialist jobs with a focus on residential properties. They operate in several states, including California and Nevada. Their role involves managing leases, tenant relations, and property maintenance.
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Asset Living
Average Salary: $58,952
Asset Living provides Leasing Specialist positions with a focus on residential properties. They operate in multiple states, including California and Florida. Their role includes tenant screening, lease negotiations, and property management.
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U.S. Bank
Average Salary: $57,851
U.S. Bank offers Leasing Specialist jobs with a focus on residential properties. They operate nationwide. Their role involves managing leases, tenant relations, and property maintenance.
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State of Alaska
Average Salary: $56,781
The State of Alaska provides Leasing Specialist positions with a focus on residential properties. They operate in Alaska. Their role includes tenant screening, lease negotiations, and property management.
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Sentral
Average Salary: $50,917
Sentral offers Leasing Specialist jobs with a focus on residential properties. They operate in several states, including California and Texas. Their role involves managing leases, tenant relations, and property maintenance.
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UDR
Average Salary: $49,083
UDR provides Leasing Specialist positions with a focus on residential properties. They operate in multiple states, including California and Florida. Their role includes tenant screening, lease negotiations, and property management.
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Weidner Apartment Homes
Average Salary: $47,252
Weidner Apartment Homes offers Leasing Specialist jobs with a focus on residential properties. They operate in several states, including California and Texas. Their role involves managing leases, tenant relations, and property maintenance.
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Independent Living Inc. / SHAG
Average Salary: $46,667
Independent Living Inc. / SHAG provides Leasing Specialist positions with a focus on residential properties. They operate in multiple states, including California and Florida. Their role includes tenant screening, lease negotiations, and property management.
How to earn more as a Leasing Specialist?
A Leasing Specialist can increase earnings through various strategies. Focus on building strong relationships with clients. This can lead to repeat business and referrals. Networking with other professionals in the industry can also open up new opportunities. Staying informed about market trends helps in making better leasing decisions. Attending workshops and seminars can provide valuable insights and skills.
Another way to earn more is by improving negotiation skills. This allows for better lease terms and higher commissions. Keeping track of all transactions and maintaining accurate records can prevent errors and build trust. Offering additional services, such as property management, can also increase income. Setting clear goals and tracking progress helps in achieving higher earnings.
Consider these factors to boost earnings:
- Build strong client relationships
- Network with industry professionals
- Stay informed about market trends
- Improve negotiation skills
- Offer additional services
