“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.
Property management positions pay differently that other property manager job positions. We are going to go over the different ways a property manager can get paid.
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.
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.
If you are driven and do very well with sales, the hybrid pay model is the one for you. This is a combination of salary and commission based pay. $30,000 dollars is what you make to start plus you make 15% off of all the money that is made by the company as a whole.
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.