Real estate investment trusts companies and jobs are considered one of the most demanded jobs in post-pandemic years. And in these recent years how you sell and invest in Real estate has changed too. Post-Pandemic there was a tremendous shift in the people applying for jobs, many were taken down during the pandemic recession. Let us know How Many Jobs Are Available In Real Estate?
How Many Jobs Are Available In Real Estate?
But there was also a shift in the number of people who wanted to invest in traditional businesses rather than explore something new. This helped in the increase in job opportunities according to research conducted on traditional business, people wanted to invest in Real Estate and Real estate investment trusts (REIT).
There are distinct job opportunities available for people in real estate investment trusts (REITs), there are distinct types of jobs and their factors each having a different pay range and skills requirement. To know more about the REIT’s job opportunities and factors read the article below.
Lis of Jobs Available in Real Estate
Real Estate and Investments
Real estate is also known as Real property which can include land, buildings, houses, road structures, and so on. To buy, sell, rent, develop, and manage various properties or estates is known as real estate. There are several types of real estate given below: –
Simply put land real estate is the basis of all real estate, it consists of lands that are underdeveloped, vacant, and sometimes disputed too. In this real estate dealers buy more places or properties in pieces and combine them in a single wave this process is called Assembly.
After assembly, the amount of the estate increases giving high-end profit to dealers.
Avg. Salary: $72,000 – $1000,000 per annum.
Residential real estate
Like land Estate, residential real estate also is buying, sells, and managing properties but basically, the properties consist of residential/housing properties of individuals, families, or groups.
It can also contain community properties, apartments, townhouses, villas, mobile homes, condominiums, and other properties where people reside.
Avg. Salary: $75,000 – $104,000 per annum.
Commercial real estate
Commercial properties or estate refers to lands, buildings, and areas that are usually used for commercial purposes such as – shopping malls, hospitals, motels/hotels, parking lots, and so on.
Commercial properties are generally high-priced places due to large areas and better destinations (near the main road, at the center of the city, etc). Commercial real estate can be rented, brokerage, developed, etc.
Avg. Salary: $195,000 – $500,000 per annum.
Industrial real estate
Just like the name suggests industrial real estate refers to land, buildings, and areas that are used for industrial purposes. These purposes can be anything from mechanical and good productions to construction and warehousing too.
Avg. Salary: $21,000 – $110,000+ per annum.
Real Estate Investment Trusts (REIT) Job Opportunities
In Real Estate Investment Trusts there are distinct types and several job opportunities. In various countries, there are distinct jobs. In the USA there are more than 340,000 part-time and 3.5 million full-time job opportunities according to recent research.
Out of these many jobs around 33- 40% are high-paying opportunities, with interesting positions such as real estate broker, property appraiser, real estate associate, administrative assistant, etc.
Some of the best jobs in REITs are as follows: –
Property Developers are people who find and inspect various properties that are under construction and sometimes the ones that are finished to gain huge profits. And to do that you need to coordinate with contractors and subcontractors. Some abilities that property dealer need is: –
- Understanding of Finance.
- Deep and wide knowledge of real estate and its market.
- Unmatched communication skills.
Avg. Salary: $55,000 – $115,000 per annum.
Property Management Role
The property Manager job is almost the same as real estate developer. As in both cases, both should be well-versed in selling, renting, or leasing properties for which excellent communication skills are necessary. Property managers are also required to have an in-depth knowledge of the market to make huge profits while selling or renting a property or estate.
Some more of the required skills are: –
- Sales and marketing expertise.
- An excellent understanding of Finance and cash flow.
- Most important is Unmatched Problem-Solving skills.
- Customer handling.
Avg. Salary: $23,000 – $120,000 per annum.
Asset Manager is one of the highest and most demanded jobs in REITs. An Asset manager operates and manages financial deliveries of assets portfolio. And Asset manager’s job is also to communicate with other departments which ultimately helps in expanding and making REITs Better.
There are various skills one needs to conquer this field. Some of those are: –
- Should be exceptionally good at operating finances.
- Excellent Communication Skills
- Organizing skills
- Analytic skills
Avg. Salary: $30k – $500,000 per annum.
Leasing Consultant is said to be the front end of the real estate sector. The job of Leasing consultants is to search for houses and properties for distinct clients according to their budgets.
A leasing consultant not only searches and shows the houses and properties but also convinces them to buy that property and make a profit with it. A consultant is supposed to be an opportunist and a marketing expert to sell and search properties with a nice profit. Despite all these, it is expected of consultants to have excellent soft skills and they need to be Proficient in advertising and promotion of real estate.
Avg. Salary: $29,000 -$55,000 per annum.
These companies-owned land are cash-generating properties as they lease it on for a prolonged period instead of directly investing in it, which becomes the source of stable long-term income for investors.
REITs provide regular income for investors and accumulate wealth and due to it being a listed entity, it is brought and sold with ease of liquid wealth. And different REITs provide distinct job opportunities.
Depending on the property and required services REIT or Real estate investment trust can be divided into several parts such as: –
Equity REITs are companies that own properties and manage and operate income-based properties/estates and instead of selling or reselling properties, they provide estates on lease to have a stable source of income.
Avg. Salary – $100,000 – $ 350,000 per annum.
Mortgage REIT is when REITs land money to property dealers/real estate owners via loans or mortgages. The basic earnings are generated by net interest margin (the difference between what they earn and what they pay to lenders relative to the total amount of assets.)
Avg. Salary – $300,000 – $ 850,000 per annum.
Hybrid REITs as the name suggests are a hybrid of mortgage and Equity REITs as it uses both strategies, and it owns and operates properties but also hold mortgages.
Avg. Salary – $400,000 – $ 675,000 per annum.
Publicly traded REITs
Unlike the previous three, publicly traded REITS are classified according to the shares brought and held, Shares of Publicly traded REITs buy and sell properties to individuals. These properties come under the US National security and Exchange Commission (SEC).
Avg. Salary – $60,000 – $ 200,000 per annum.
In the analysis of the topic of how many jobs are available in real estate investment trusts 1000 S1, it is concluded that there are distinct types of real estate jobs, REITs, and diverse types of positions to choose from.
Each job requires different skills and abilities and has separate roles and responsibilities revolving around real estate. Different REITs, real estate jobs, and positions also have distinct payments per year.