Are you looking to change jobs or choose a career path?  If you are looking for a job or career that is exciting, rewarding, and high paying, then property managmenet jobs are what you should be going after!  Why is this career such an exciting avenue in the job market?  We have compiled some very important information to help you see why property management jobs are on the rise, and a failsafe when it comes to a bad economy or recession.

Recession Proof

• Property management jobs are recession proof.  The reason being is that when the economy is bad, people start to lose their homes.  When people start to lose their homes, the rental market starts to boom.  We are seeing this and have seen this trend the past 2 years as people still need a place to live even if they have lost their home to foreclosure.
• With the influx of new renters, most property management firms cannot keep up with demand and need extra help managing accounts, signing new renters, and keeping up the maintenance of the rental units.
• No matter what the state of the economy is in, people need a place to live.  It’s that simple.  As long as there are people in this world there will always be a need for property management jobs and property managers to help facilitate the living needs of the general public.

High Paying

• Property management jobs are high paying and have full package benefits.  Health care, dental, and vision are usually included when taking a property management job.
• The pay is either salary, commission, or a hybrid which includes a combination of commission and salary pay.  Salary pay is between $45,000 to $60,000 per year.  Most candidates search out property management firms that pay on the hybrid model because not only do they get their high paid salary, but if they sign up new clients they also get a cut of  overall profit for the firm.
• The bigger the firm that you work for, the more money you will get paid.  Try and seek out and find a large firm that owns hundreds of complexes or individual homes.  These firms will need more managers and will in turn pay you more money to keep track of, maintain, and sign up new clients for their properties.

How to Find a Property Management Job

• The first step to finding a property management job is to first of all look in your local newspaper job section listings.  If you can stay close to home, that is the ultimate goal.
• Other places to look for jobs in this career include: monster.com, careerbuilder.com, and any other job finding site.  There are also ads on the top and bottom of this article with job listings in the property management field.
• If you know someone in the business, absolutely follow this lead.  These days is all about who you know instead of what skills you have to land a job at times.

We hope this article helps you in your quest to finding a high paying, high quality job.

If you are searching for property management jobs you probably have one big question on your mind.  It probably is, “How much money does a property manager make?”  This indeed is a good question and we will go over the different way typical property managers get paid and how much they make.

1. Salary

The average salaries for property managers vary depending on  the years of experience you have in the industry, cost of consumer living in the particular demographic, and  the industry designations which are determined by the market and large companies.  The average salary is about $42,000 a year and about $75,000 a year on the high end of the pay scale.

2. Commission

A variable commission structure is preferred over a fixed structure as a person looking for property management jobs.  This method of pay is determined on how many people you recruit and commission structures based on how many tenants you sign up.  There are also some residual compensation for contracts that renew with existing tenants.  This type of pay scale is an entrepreneur’s dream, but for most people who don’t like to take risks, this is definitely not the pay structure for you.  The straight commission model also creates potential issue with complying with the Federal Standards and Labor Act (FLSA). This issue alone makes this model a bad idea for most HOA management companies.

3. Salary/Commission

Yep you guessed it there is a combined model which gives commission bonus’s for sign ups as well as a structured salary.  In this approach, the company avoids any potential problems with FSLA compliance while creating a compensation cost that is as variable as possible. Variable is good because if you work harder, you get paid more.

Here’s an example of how the hybrid model works:

Base salary: $30,000 per year, PLUS

Commission bonus: 15% of all revenue brought into the HOA management company.

If you are currently searching out property management jobs it would be wise to be familiar with the HOA standards and codes to impress future employers because as a property manager you will definitely have to deal with HOA codes of conduct and rules.  Please refer to the link section where a free HOA information link is posted to find more information on the workings of HOA.

Hopefully you will understand the three different pay methods as this will help you tack down the exact job you are looking for while searching for property manager jobs.  Understanding how much does a property manager make is important to know whether or not to be able to pursue the career. Asking the question of how much do property managers make is a valid one, and we hope the information above will help you in this endeavor