How Much Money Is In Property Management
Jul 10, 2009 Business Management
“How much does a property manager make per year,” is the first question that many people ask when searching for property management jobs. In a touch economy this information is very valuable when searching for this type career.
There are many different ways that property management companies pay property managers. We will go over the different payscales and pay models to help you understand realistically what you could make.
Salary pay is the first way you could be compensated as a property manager. Starting salary starts around $42,000 dollars a year and can go up to $75,000 per year on the high end of the payscale.
Straight commission means you just get paid on the new people you sign up. Straight commisison is also kind of a pain because it has issues with FSLA and HOA rules and guidelines so we would deter you from picking this pay type. The other way to get paid is called variable commission. This means you make residual income from previous rental contracts but also commission on new renters that you sign up.
If you are driven and do very well with sales, the hybrid pay model is the one for you. This is a combination of salary and commission based pay. $30,000 dollars is what you make to start plus you make 15% off of all the money that is made by the company as a whole.
As you can see property management jobs can offer great pay and salary. Make sure you do your research and familiarize yourself with HOA guidelines and rules to help you in your seeking of propery manager employment.
Tags: Business Management, how much do property managers make, jobs, management, Management Jobs, property management, property management jobs, property manager jobs, Real Estate Management
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