In today’s bad economic market more people are looking for careers more than ever before. Property management is a thriving business and is a great career choice to get in to. The biggest question people ask though when looking for these types of jobs is, “How much funds does a property manager make?”
Property management jobs pay differently than that of other property manager job positions. they will go over the different ways a property manager can get paid. Salary and commission pay structures are the primary way a manager gets paid by their company.
The first way to be paid is by the salary pay scale model. Salary pay starts at about $42,000 a year & can go as high as $75,000 per year if you’ve had experience. Salary pay is wonderful because it is consistent and you usually get a raise each year if you stay at the same company. 401K and retirement options are usually also available when you have salary pay.
The next way to earn cash is by using the commission pay structure. 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 permit for the residual income & also runs in to problems with complying with the FSLA & most HOA companies do not use it.
The hybrid model is a combination of commission and salary pay scales. You make make some serious funds on this pay scale 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 nice salesman or are a master of marketing techniques you could make some serious funds.
As you can see property manager 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 property manager jobs.