Becoming Who You Want To Be

In today’s bad economic times more people are looking for jobs than ever before. Property management is a thriving business and is an excellent career to get into. The biggest question people ask though when searching for these types of jobs is, “How much money does a property manager make?”

There are several ways that property management companies pay property managers. We will go over the different pay scales types and pay models to help you understand realistically what you could make if you decide to choose a career down this specific road.

$42,000 dollars is the starting salary base 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. Raises are periodically given and continue if you stay at the same company for a while.

Straight commission means you just get paid on the new people you sign up. Straight commission can also be 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. This type of pay is preferred by most job searchers as you can usually make the most money this way.

The third way is a combination of salary and commission pay. For example you may make $30,000 a year salary but you will also make 15% of all the revenue brought into the HOA company for that year. This can really turn into big bucks you have marketing experience and can sign up a bunch of potential renters and you will get paid alot of the company as a whole does well for the year.

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!