How much does a Property Manager make?
Property managers handle rental properties, making sure they run smoothly. They take care of maintenance, rent collections, and tenant relations. This job is both challenging and rewarding, with a fair salary to match the effort.
Property managers earn an average of $54,618 a year. This number can change based on experience and location. The lowest earners make about $31,950, while top earners can reach up to $100,000. Most property managers fall in the middle range, earning between $44,323 and $69,068.
The best property managers stay organized and keep good records. They also build strong relationships with tenants. These skills help them manage properties effectively and increase their earnings.
What are the highest paying cities for a Property Manager?
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San Francisco, CA
Average Salary: $74,187
In San Francisco, managing properties means navigating a dynamic market. With a mix of historic and modern buildings, property managers handle everything from tenant relations to maintenance. Companies like Greystar and AvalonBay lead the market here.
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Boston, MA
Average Salary: $73,970
Boston offers a unique property management landscape. The mix of student housing, corporate rentals, and family homes means managers need to adapt quickly. Leading firms like Boston Properties and Transwestern provide many opportunities.
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Stockton, CA
Average Salary: $71,637
Stockton presents a growing market for property managers. The city's focus on community and development means work can be rewarding. Local companies like The Stockton Cos. offer solid career paths.
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Stamford, CT
Average Salary: $69,596
Stamford combines urban and suburban living, making property management diverse. Managers here deal with a mix of single-family homes and multi-unit buildings. Prominent firms like CBRE and Savills are active in the area.
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Washington, DC
Average Salary: $69,472
In Washington, DC, managing properties involves understanding a mix of residential and commercial needs. The political nature of the city adds another layer to the role. Companies like Hilton and Marriott offer many management positions.
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Providence, RI
Average Salary: $68,570
Providence provides a smaller market feel with big opportunities. Managers here often work closely with a community, providing personalized service. Local firms like IIC and FirstLight bring diverse experiences.
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Seattle, WA
Average Salary: $67,936
Seattle’s tech-driven market offers unique challenges for property managers. They balance tech company housing needs with local residents’ needs. Companies like Amazon and Zillow influence the housing landscape.
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Chicago, IL
Average Salary: $67,830
Chicago’s diverse neighborhoods make property management dynamic. Managers here handle a variety of property types. Firms like JLL and Cushman & Wakefield offer many job openings.
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San Jose, CA
Average Salary: $66,695
San Jose’s fast-paced tech industry drives demand for property managers. They focus on both commercial and residential properties. Companies like Google and Apple have a strong presence in the area.
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Miami, FL
Average Salary: $66,279
Miami’s vibrant culture makes property management exciting. Managers here deal with a mix of seasonal and year-round residents. Firms like Turnkey Property Group and Turnberry Management dominate the market.
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What are the best companies a Property Manager can work for?
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AKAM Associates, Inc
Average Salary: $124,286
AKAM Associates, Inc offers Property Manager jobs in various cities across the US. This company values effective property management and provides a rewarding work environment. Opportunities exist in cities such as New York, San Francisco, and Chicago.
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Bisnow
Average Salary: $118,804
Bisnow is a leading real estate platform offering Property Manager jobs in major metropolitan areas. They focus on commercial real estate, providing a dynamic setting for professionals. Locations include Boston, Seattle, and Los Angeles.
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BXP
Average Salary: $109,752
BXP specializes in real estate investment management. They offer Property Manager roles in cities like Denver, Washington D.C., and Philadelphia. BXP values teamwork and professional growth, making it a great place to work.
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Avison Young
Average Salary: $108,823
Avison Young provides Property Manager jobs in several key locations, including Houston and Miami. They focus on commercial real estate services and offer a collaborative work environment. Their opportunities cater to diverse property management needs.
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Prologis
Average Salary: $104,875
Prologis is a global leader in logistics real estate. They offer Property Manager roles in cities like San Jose, Austin, and Portland. Prologis emphasizes sustainability and innovation, providing a forward-thinking work experience.
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Kidder Mathews
Average Salary: $104,250
Kidder Mathews offers Property Manager jobs in areas such as Minneapolis and Salt Lake City. They focus on real estate services and provide a supportive work culture. Their roles involve managing commercial and residential properties.
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JLL
Average Salary: $93,942
JLL, a global real estate firm, offers Property Manager positions in locations such as Atlanta and Dallas. They focus on comprehensive real estate services, providing a professional and engaging work environment for property managers.
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RE/MAX
Average Salary: $93,185
RE/MAX provides Property Manager jobs in cities like Phoenix and Tampa. They are known for their real estate brokerage services and offer a dynamic and collaborative workplace. Their roles involve managing residential and commercial properties.
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Welltower, Inc
Average Salary: $92,628
Welltower, Inc offers Property Manager jobs in cities such as Baltimore and Nashville. They focus on senior housing and healthcare real estate. Their work environment emphasizes teamwork and professional development.
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King County Housing Authority
Average Salary: $92,389
King County Housing Authority offers Property Manager jobs in Seattle and other parts of Washington state. They focus on providing affordable housing and community development. Their roles involve managing various housing projects and ensuring tenant satisfaction.
How to earn more as a Property Manager?
Becoming a top-earning property manager involves more than just overseeing rental properties. It requires a strategic approach to maximize income and efficiency. Understanding key factors can significantly boost earnings. Strategic management and tenant satisfaction play crucial roles. Effective strategies can enhance property value and income.
Here are five factors to consider for earning more as a property manager:
- Tenant Retention: Keeping tenants longer reduces vacancy rates and saves on advertising costs.
- Property Maintenance: Regular upkeep maintains property value and tenant satisfaction, leading to higher rents.
- Market Knowledge: Staying informed on market trends helps in setting competitive rents.
- Effective Communication: Clear and timely communication with tenants can prevent issues and foster long-term relationships.
- Professional Development: Continuous learning through courses and certifications can enhance management skills and income potential.
