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Property Managers earn a varied range of salaries based on their experience and responsibilities. The average yearly salary for a Property Manager is about $56,214.
Starting salaries can be around $30,110 for those who are new to the field. As Property Managers gain more experience, their earnings can increase significantly. For example, those with a few years of experience may earn up to $37,600 or even $45,090.
With several years in the role, it is common for Property Managers to earn between $52,580 and $60,070. Highly experienced Property Managers can earn impressive figures, with wages reaching up to $112,500.
This career offers good earning potential, and many Property Managers find satisfaction in their roles as they manage properties and work closely with tenants and owners.
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Boston, MA
Average Salary: $76,428
In Boston, you manage properties in a vibrant city rich with history and culture. This city offers diverse residential and commercial buildings, making the role dynamic. Companies like Boston Properties and Related Beal are key players in the local market.
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San Francisco, CA
Average Salary: $76,129
San Francisco provides a unique environment for overseeing properties with its iconic skyline and diverse neighborhoods. The city's real estate market is competitive, allowing for exciting opportunities with firms like Prologis and The Related Companies.
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Stockton, CA
Average Salary: $70,625
Working in Stockton brings a chance to oversee properties in a rapidly growing area. The city offers a blend of residential and commercial opportunities. Local property groups are expanding, which enhances career potential.
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San Jose, CA
Average Salary: $70,407
In San Jose, you manage properties in the heart of Silicon Valley. The area's booming tech industry leads to high demand for residential and commercial rentals, with companies like Essex Property Trust active in the region.
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Stamford, CT
Average Salary: $69,134
Stamford offers a thriving real estate market with a mix of corporate and residential properties. The city's proximity to New York makes it attractive for professionals. Local companies like Starwood Capital Group play a significant role in shaping the market.
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Washington, DC
Average Salary: $68,823
Managing properties in Washington, DC places you at the center of national politics and history. The demand for quality housing and commercial spaces remains constant. Major firms like JBG Smith are present, providing great networking opportunities.
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Chicago, IL
Average Salary: $67,701
Chicago's rich architectural landscape makes property management exciting. You deal with diverse properties across the city, from historic buildings to modern apartments. Companies like Related Midwest and Draper and Kramer are key influences in the market.
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Seattle, WA
Average Salary: $67,664
In Seattle, you work in a city known for its thriving tech scene and natural beauty. The market is competitive, offering both challenges and rewards. Major property companies like Archstone and Vulcan Real Estate have a strong presence here.
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Miami, FL
Average Salary: $66,487
Miami offers a vibrant property market with its blend of culture and beautiful coastal living. The demand for residential and vacation properties is high. Local real estate giants like Related Group are key players in the area.
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San Diego, CA
Average Salary: $66,245
San Diego's lively atmosphere and coastal properties make managing them an enjoyable experience. You get to work with a diverse clientele in a desirable location. Companies like BRE Properties contribute to a robust local real estate scene.
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L.A.Financial Agency
Average Salary: $206,552
L.A. Financial Agency offers Property Manager positions with competitive salaries, especially in urban areas like Los Angeles. The company focuses on managing luxury properties and emphasizes customer satisfaction and service excellence.
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PwC
Average Salary: $186,622
PwC employs Property Managers to oversee real estate projects. These positions are available mainly in major city locations. The company values innovative problem-solving and offers great opportunities for career growth.
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EY
Average Salary: $179,300
EY hires Property Managers for their diverse portfolio of properties, primarily in metropolitan areas. The role includes strategic planning and operational efficiency, which contributes to EY's reputation as a top employer.
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Whitman Business Advisors
Average Salary: $155,217
Whitman Business Advisors offers Property Manager roles focusing on commercial real estate. They operate in several key markets and prioritize providing a supportive working environment for their employees.
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Excellence Services, LLC
Average Salary: $147,065
At Excellence Services, LLC, Property Managers oversee residential and commercial properties. Their operations span multiple states, providing opportunities for professionals to work in various exciting locales.
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Travelers
Average Salary: $136,685
Travelers employs Property Managers to maintain their insurance properties. The company operates nationwide, allowing employees to work in various regions while focusing on risk management and property value enhancement.
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Thrive Real Estate Group
Average Salary: $121,969
Thrive Real Estate Group specializes in residential real estate management. Property Managers at Thrive work in vibrant communities and contribute to helping homeowners maximize their property investments.
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Deloitte
Average Salary: $120,685
Deloitte engages Property Managers for various real estate consulting projects. The company operates in key global markets, and employees benefit from a dynamic work environment and strong teamwork.
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The EMLIN GROUP, Ltd
Average Salary: $116,786
The EMLIN GROUP, Ltd. focuses on property management for both residential and commercial clients. Their Property Managers work in diverse urban settings and gain valuable experience in a fast-paced industry.
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Amazon.com
Average Salary: $108,652
Amazon.com offers Property Manager roles to maintain its extensive real estate holdings. Opportunities exist in several cities where the company operates, blending technology with property management for efficient operations.
To boost your earnings as a Property Manager, focus on these key factors:
- Expand Your Knowledge: Gaining certifications or attending workshops can improve your skills. Better skills lead to better job performance and opportunities.
- Enhance Your Network: Building relationships with real estate agents, landlords, and other professionals can open doors to new clients and partnerships.
- Improve Tenant Retention: Happy tenants stay longer. Providing excellent service can reduce turnover rates, keeping your income stable and increasing your reputation.
- Diversify Your Services: Offering additional services like maintenance, cleaning, or leasing can attract more clients and create extra revenue streams.
- Set Competitive Rates: Research local market rates. Charging fair yet competitive fees can help you attract more clients while maximizing your income.
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