Many people when looking for a career in property management naturally ask the question, "How much do property managers make?"
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.
$42,000 dollars is the base starting salary pay but can go up to $75,000 per year once you have enough experience under your belt and have been in the industry a while.
The next way to earn money is by using the commission structure of pay. Variable commission is definitely superior to a straight commission model. Variable 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. 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 third way is a combination of salary and commission pay. For example you may make $30,000 a year base salary but you will also make 15% of all the revenue brought into the HOA company. This can really turn into big bucks you have marketing experience and can sign up a bunch of potential renters.
Property management is a very lucrative business and is pretty much recession proof. The reason for this is that when times get tough people still need a place to live and renting is usually their prime option. Get into property management today!
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.
$42,000 dollars is the base starting salary pay but can go up to $75,000 per year once you have enough experience under your belt and have been in the industry a while.
The next way to earn money is by using the commission structure of pay. Variable commission is definitely superior to a straight commission model. Variable 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. 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 third way is a combination of salary and commission pay. For example you may make $30,000 a year base salary but you will also make 15% of all the revenue brought into the HOA company. This can really turn into big bucks you have marketing experience and can sign up a bunch of potential renters.
Property management is a very lucrative business and is pretty much recession proof. The reason for this is that when times get tough people still need a place to live and renting is usually their prime option. Get into property management today!
About the Author:
Philip writes articles about how much money does a property manger make and writes for property management jobs guide
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