How much does a Property Manager make?
A Property Manager oversees a variety of tasks related to real estate. They handle everything from leasing properties to maintaining buildings. This job can be rewarding, both in terms of job satisfaction and salary. The average yearly salary for a Property Manager is around $54,442. This figure can vary based on experience, location, and the size of the properties managed.
Property Managers can earn more as they gain experience. Entry-level managers might start at the lower end of the salary range. Those with more years in the field often see their salaries increase. Managers who work in larger cities or oversee bigger properties may also earn more. This job offers a good balance of responsibility and compensation, making it a popular choice for many professionals.
What are the highest paying cities for a Property Manager?
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San Francisco, CA
Average Salary: $74,151
In San Francisco, managing properties offers a dynamic environment with a high demand for rental units. With companies like Greystar and AvalonBay, professionals can expect to handle luxury properties and modern developments. The competitive market provides ample opportunities for growth.
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Boston, MA
Average Salary: $73,201
Boston presents a unique market for property management, with a mix of historic and modern buildings. Working with firms such as Boston Properties and The Related Companies, managers can expect to engage with a diverse tenant base. The city's vibrant culture adds to the rewarding experience.
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Stockton, CA
Average Salary: $71,347
Stockton offers a more relaxed property management scene with a focus on residential properties. Companies like Lennar and PulteGroup provide a stable environment. The lower cost of living makes it an attractive option for those seeking balance in their career.
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Stamford, CT
Average Salary: $69,428
Stamford provides a professional setting with a mix of corporate and residential properties. Working with firms such as CBRE and Jones Lang LaSalle, managers can expect to handle high-quality properties. The city's proximity to New York City offers additional networking opportunities.
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Washington, DC
Average Salary: $69,009
In Washington, DC, managing properties involves working with a diverse tenant base. Companies like National Realty and The Bozzuto Group offer a dynamic environment. The city's political and cultural landscape adds an interesting dimension to the role.
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Providence, RI
Average Salary: $68,159
Providence offers a smaller market with a focus on residential and commercial properties. Working with local firms like The Carleo Group and The Loughlin Companies, managers can expect to build strong community relationships. The city's rich history provides a unique backdrop.
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Chicago, IL
Average Salary: $67,745
Chicago presents a vibrant market with a mix of high-rise and ground-level properties. Companies like Equity Residential and The Related Companies offer diverse opportunities. The city's dynamic culture and strong economy make it an exciting place to work.
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Seattle, WA
Average Salary: $67,697
Seattle offers a modern property management environment with a focus on sustainable and tech-friendly properties. Working with firms like Colliers International and JLL, managers can expect to handle innovative developments. The city's tech-driven economy adds to the appeal.
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San Jose, CA
Average Salary: $66,094
San Jose provides a fast-paced property management scene with a focus on tech-related properties. Companies like Brookfield Properties and Prologis offer exciting opportunities. The city's tech hub status makes it a dynamic place to work.
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Miami, FL
Average Salary: $65,893
Miami offers a vibrant and diverse property management environment. Working with companies like The Related Group and Turnberry Associates, managers can expect to handle a mix of luxury and beachfront properties. The city's lively atmosphere adds to the rewarding experience.
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What are the best companies a Property Manager can work for?
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AKAM Associates, Inc
Average Salary: $125,714
AKAM Associates, Inc offers Property Manager jobs with a focus on commercial real estate. They operate in multiple locations across the United States, providing a dynamic work environment.
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Bisnow
Average Salary: $118,804
Bisnow provides Property Manager roles with a strong emphasis on urban real estate. They have offices in major cities, offering opportunities for growth and professional development.
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JRK Property Holdings
Average Salary: $116,455
JRK Property Holdings offers Property Manager jobs with a focus on residential and commercial properties. They operate in several states, providing diverse experiences.
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BXP
Average Salary: $113,697
BXP provides Property Manager roles with a focus on office and retail properties. They have offices in key metropolitan areas, offering a competitive salary and benefits.
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Avison Young
Average Salary: $106,068
Avison Young offers Property Manager jobs with a focus on investment properties. They operate in multiple locations, providing a stable and rewarding career path.
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Prologis
Average Salary: $105,119
Prologis provides Property Manager roles with a focus on industrial properties. They have offices in major cities, offering a competitive salary and growth opportunities.
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Kidder Mathews
Average Salary: $103,154
Kidder Mathews offers Property Manager jobs with a focus on commercial real estate. They operate in several states, providing a dynamic work environment.
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King County Housing Authority
Average Salary: $94,028
King County Housing Authority provides Property Manager roles with a focus on affordable housing. They operate in the Seattle area, offering a rewarding career.
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JLL
Average Salary: $93,170
JLL offers Property Manager jobs with a focus on commercial real estate. They have offices in major cities, providing a competitive salary and benefits.
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Welltower, Inc
Average Salary: $91,553
Welltower, Inc provides Property Manager roles with a focus on senior living communities. They operate in several states, offering a stable and rewarding career path.
How to earn more as a Property Manager?
A Property Manager can increase their earnings by focusing on several key areas. One important factor is gaining experience in different types of properties. Managing residential, commercial, and industrial properties can lead to higher pay. Experience with various property types makes a manager more versatile and valuable.
Another way to earn more is by obtaining additional certifications. Certifications in property management, finance, or real estate can boost a manager's credentials. These certifications show employers that the manager has the skills and knowledge needed for the job. They can also lead to higher-paying positions. Managers can look for courses and exams that are recognized in the industry. Completing these can open up more opportunities and higher salaries. Here are some factors that can help a Property Manager earn more:
- Gain experience in different types of properties.
- Obtain additional certifications in property management, finance, or real estate.
- Develop strong communication skills to handle tenant issues and landlord concerns effectively.
- Learn to manage budgets and finances well to increase property value and reduce costs.
- Stay updated on local real estate laws and regulations to ensure compliance and avoid legal issues.
