“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.
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 hybrid model is a combination of commission and salary payscales. You make make some serious money on this payscale as base starting salary is about $30,000 but you make 15% commission on all revenue the property management company makes. If you are a good salesman or are a master of marketing techniques you could mae some serious money.
As you can see property management jobs can offer great pay and salary. Make sure you do your research and familiarize yourself with HOA guidelines and rules to help you in your seeking of propery manager employment.
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