How Much Money Does A Property Manager Make
“How much does a property manager make per year,” is the first question that many people ask when searching for property management jobs. In a touch economy this information is very valuable when searching for this type career.
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.
The first way to be paid is by salary. Salary pay starts at about $42,000 a year and can go as high as $75,000 per year once you have had enough experience.
Commission structres are the next way that a property manager could be paid. There are usually two different types of commission payscales. The first is a variable commission structure which means you get paid on new renters but you will earn residual on existing contracts. Straight commisison works differently as it does not allow you to earn the residual income and has alot of compliance issues with FSLA and HOA guidelines.
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!
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