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