CJNR

Posts Tagged ‘how much do property managers make’

Many people when looking for a career in property management naturally ask the question, “How much do property managers make?”

The truth of the matter is that there are a couple different payscales for property managers which we would like to discuss to help you know the potential money to be made being in a property management job.

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.

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.

Become very familiar with HOA guidelines and property management rules that have to do with the state you are looking for a job in. The more knowledge you obtain about this the easier it wil be to wow the interviewer considering you for the job.