How Much Does A Property Manager Make
Posted on 15. Aug, 2009 by Philip Gregory in Blog
"How much does a property manager make per year," is the one of the first questions that many people ask when looking for a property management job. In a really bad economy this information is very valuable when searching for a career like this.
To get right down to the point there are a couple different pay scales for property managers which we would like to discuss to help you know the the amount of money to be made being in a property management job. This information will help you make your decision if this type of career is right for you.
The first way to be paid is by straight W2'd salary. Typical salary pay starts at about $42,000 a year and can go as high as $75,000 per year once you have had enough experience. Just like any other job, you will get raises periodically and the longer you stay at a company, the more you will get paid.
The next way to earn money is by the commission structure of pay. Variable commission is surely superior to a straight commission model. Variable commission means that you get paid based on the amount of people you recruit to the property as well as earning residual income on existing contracts you signed up previously. Straight commission does not allow for the residual income and also runs into problems with complying with the FSLA and most HOA companies do not use it.
The hybrid pay scale model is a combination of commission and salary pay scales. You have the opportunity to make make some serious money on this pay scale as base starting salary is about $30,000, but you could make 15% commission on all revenue the property management company makes as a whole for the year. If you are a good salesman or are a master of marketing techniques you could make some serious money.
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.
