The term property managers may be common to you, but to some extent, you might not know the exact role played by the property manager. The term estate manager means a firm or a person charged with managing a real estate property for a fee in case the owner is not able to personally attend to such duties or not available to do so. A property manager handles various property management and professional tasks like giving information on the overall cost of operation, calculating annual property budgets, ensuring all property records are complete, accurate and in total compliance to set property regulations. Besides this, he supervises subordinate staff in their execution of everyday assignments as well as guaranteeing the task objectives are met. The type of properties they manage can range from single family homes, large apartment, to even industrial properties.
Considering the above pivotal roles played by a property manager, it goes without saying that an ideal property manager should be trained, experienced and skilled to handle the said administrative roles. This affirms why a bachelor degree together with several years of experience in a supervisory role are requisite requirements for any reliable property manager. In other words, the work of property manager is not just reporting to the top management but also the driver of department process.
The main question is; how much is a property manager paid? This question is important to anyone who is seeking professional services of a skilled property management expert or even anyone who wants to venture into property management career. On average, a property manager earns around 45, 46 Dollars annually in US. This figure is arrived after factoring diverse information collected from various job adverts, employees and also customers of various property management companies. You can, therefore, use this figure for general comparison purposes Ideally, just like any other job, the salary of a property manager is determined by years of experience, location, education level and the performance. One has to use his or her skills and experience to deliver great property management services; this is what determines whether one’s services are resourceful to the employer or not.
On top of the annual salary, a property manager is also entitled to flextime, participation to professional organizations, house allowance where in most cases he or she is housed within the preemies under his management and health care benefits.
Every property company expects exemplary performance from their experienced property managers and these professionals deserve better and fair compensation too.