How much does a Property Manager make?
Property managers oversee rental properties or residential complexes for individuals or companies. They handle a range of tasks, including hiring and managing staff, budgeting, maintaining property, and ensuring safety. A property manager’s salary often depends on experience and the size of the properties they manage.
On average, a property manager earns about $55,004 per year. Here are the salary details broken down into percentiles. The bottom 10% earn less than $32,000 annually. The next 10% make between $32,000 and $38,409. The median salary falls around $51,227. The top 10% earn over $83,273 per year. These figures show the wide range of earnings based on different factors.
What are the highest paying cities for a Property Manager?
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San Francisco, CA
Average Salary: $75,040
Working in San Francisco offers a chance to manage diverse properties. The tech boom brings many high-end clients. Companies like Greystar and Pacific Property Group lead the market.
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Boston, MA
Average Salary: $74,455
In Boston, property management involves overseeing a mix of historic and modern properties. The city's vibrant culture attracts a variety of tenants. Boston Properties and Beacon Hill Property Management are well-known.
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Stockton, CA
Average Salary: $71,761
Stockton provides a more relaxed pace with a focus on residential properties. It’s a city with growing opportunities. Local firms like Granite Property Management offer solid career paths.
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Stamford, CT
Average Salary: $70,665
Stamford's property market is dynamic, with many corporate offices and apartments. This area values efficient management. Companies such as Stellar Management enhance property standards.
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Washington, DC
Average Salary: $70,337
Washington, DC, offers a bustling environment with a mix of government and private properties. The city’s political nature means diverse tenant needs. Firms like Greystar have a strong presence.
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Seattle, WA
Average Salary: $68,605
Seattle’s property market is vibrant, with a focus on tech and maritime properties. The scenic beauty adds to the appeal. Property management firms like Graystar thrive here.
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Chicago, IL
Average Salary: $68,431
Chicago provides a mix of urban and suburban property management opportunities. The city’s diverse market offers many challenges. Companies like Greystar are industry leaders.
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San Jose, CA
Average Salary: $66,577
San Jose offers a mix of residential and commercial properties in a growing tech hub. The fast-paced environment demands efficiency. Local firms like Pacific Property Group are prominent.
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Miami, FL
Average Salary: $66,465
Miami's market features a mix of luxury and budget properties. The vibrant lifestyle attracts varied tenants. Companies like Greystar manage many properties here.
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Providence, RI
Average Salary: $65,180
Providence offers a mix of urban and suburban properties. The city's rich history adds character. Local firms like Beacon Hill Property Management offer good career prospects.
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What are the best companies a Property Manager can work for?
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AKAM Associates, Inc
Average Salary: $122,500
AKAM Associates, Inc offers Property Manager jobs that focus on managing commercial properties. The company operates in various locations across the United States. Their managers handle leasing, tenant relations, and property maintenance.
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BXP
Average Salary: $112,165
BXP provides opportunities for Property Managers to oversee a diverse portfolio of properties. The company has properties in major cities like Boston, New York, and Washington, D.C. Managers here manage commercial and retail spaces.
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Prologis
Average Salary: $105,988
Prologis is a global leader in logistics real estate. Property Managers at Prologis manage industrial properties. They work in locations across North America, Europe, and Asia. Their role includes asset management and strategic planning.
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Kidder Mathews
Average Salary: $102,143
Kidder Mathews offers Property Manager positions focusing on residential and commercial properties. They operate throughout the United States. Managers here handle property operations, tenant relations, and property maintenance.
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Blue Star Limited
Average Salary: $97,500
Blue Star Limited provides Property Manager jobs in various sectors. They manage commercial, industrial, and residential properties. Locations include India and the United States. Managers here are responsible for property operations and tenant relations.
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JLL
Average Salary: $95,880
JLL offers Property Manager roles across different property types. They operate in major cities worldwide. Managers handle property operations, tenant relations, and property maintenance. JLL focuses on delivering exceptional client service.
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Welltower, Inc
Average Salary: $94,350
Welltower, Inc provides Property Manager jobs focusing on healthcare and senior housing properties. They operate across the United States. Managers here manage property operations and tenant relations, ensuring high standards of care.
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Related
Average Salary: $93,518
Related offers Property Manager positions for residential and commercial properties. They operate in cities like New York, Miami, and Boston. Managers handle property operations, tenant relations, and maintenance.
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RE/MAX
Average Salary: $92,407
RE/MAX provides Property Manager roles for residential properties. They operate in North America, Europe, and Asia. Managers here manage property operations, tenant relations, and property maintenance.
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King County Housing Authority
Average Salary: $91,797
King County Housing Authority offers Property Manager jobs focused on affordable housing. They operate in Seattle, Washington. Managers handle property operations, tenant relations, and property maintenance, focusing on community needs.
How to earn more as a Property Manager?
A Property Manager can increase their earnings by focusing on several key factors. One important factor is gaining relevant certifications. Certifications like the Certified Property Manager (CPM) can demonstrate a manager's expertise and dedication to the field, often leading to higher-paying opportunities.
Another way to earn more is by gaining experience in different types of properties. Managing residential, commercial, and industrial properties can open up more job opportunities and increase earning potential. Managers with a broad range of experience are often more valuable to employers. Expanding one's skill set can lead to better-paying roles. Taking courses or attending workshops in areas such as property finance, marketing, and tenant relations can make a manager more attractive to potential employers. Networking with other professionals in the industry can also lead to job opportunities that pay more. Finally, excelling in marketing and tenant retention can improve a property’s performance, leading to higher earnings.
Seeking out leadership roles can also boost earnings. Managers who take on additional responsibilities, such as overseeing multiple properties or managing a team, often earn higher salaries. This approach requires a strong work ethic and the ability to handle more complex tasks.
Managers who aim to earn more should consider these strategies:
- Obtain relevant certifications.
- Gain experience in various property types.
- Enhance skills through courses and workshops.
- Network with industry professionals.
- Take on leadership roles and responsibilities.
