Salaries Of Assistant Property Managers

Residential property values are steadily rising over time due to the rise of young professionals and families looking for modernism, convenience, and privacy in a dwelling unit. In this situation, there would still be a need for assistant property managers to oversee the operations of rental properties. Let us know more detail about ‘Salaries Of Assistant Property Managers’.

Salaries Of Assistant Property Managers

How much an assistant property manager makes depends on where they work. Idaho, Washington, Hawaii, Oregon, and New York are the states where assistant property managers are paid the most.

The bulk of Assistant Property Manager salaries is  between $33,500 (25^th percentile) and $46,500 (75^th percentile), with top earners (90^th percentile) making $56,000 yearly in the United States, with annual earnings between$60,500 and $22,000.

Assistant Property Manager

Monitoring incident reports, planning for on-site security personnel, creating residential social media profiles, and maintaining the property website and pricing are all tasks that fall under the purview of an assistant property manager. In addition, they are in charge of managing lease consultants, processing bond applications, and creating vendor contracts. Many work opportunities are available in this role, including those for managers of acquisitions and lettings negotiators. Employers, however, place priority on people who have real-world real estate expertise a higher priority than those with academic qualifications. 

Responsibilities Of Assistant Property Manager

1. Assistant property managers are in charge of managing one or more rental properties, usually residential ones like big apartment complexes or condos.
2. Assistant property managers are in charge of managing one or more rental properties, usually residential ones like big apartment complexes or condos. The first point of contact with potential renters is frequently made by assistant property managers, who work under a senior manager. They talk about leases, display apartments, and hold open houses. They might investigate references and do credit or background checks on potential candidates. After moving in, tenants frequently speak with assistant property managers to arrange rent payments or lease negotiations. Rent is collected, bills are paid, and property taxes are paid by assistant property managers. 
3. The property’s on-site office is frequently occupied by assistant property managers. They frequently employ administrative assistants or secretaries since it could be challenging to keep up with administrative tasks like answering phones and filing. They must maintain contact with tenants to make sure there are no problems with the building, and they must inform their supervisors and the building owners of everything that occurs there. 

Assistant Property Managers’ Salary Ranges

In the US, assistant property managers typically earn $45,688 per year or $21.97 per hour. On the lower end of that spectrum, the poorest 10% to be precise, assistant property managers make about $30,000 annually, while the top 10% make $68,000

Based on 1,222 earnings, an Assistant Property Manager in their first year of employment makes an average total compensation of $17.19. 

Based on 319 salaries, an experienced Assistant Property Manager makes an average total compensation of $18.93 per hour. 

In the US, an assistant property manager gets an average salary of $41,252. 6% of an Assistant Property Manager’s pay, or $2,400, is the average bonus they receive annually, according to 80% of those surveyed. The highest average salary for assistant property managers in the US is $58,032 in San Francisco, CA, which is 41% higher than the national average.

How Much Tax Will An Assistant Property Manager Have To Pay?

Assistant Property Managers may anticipate taking home $36,237 per year after deducting federal taxes at a rate of 22%, with each paycheck amounting to about $1,510

Positions With High Salaries In the Assistant Property Manager Category

There are at least five positions in the category of assistant property managers that pay more annually than the average assistant property manager income, according to our research. The Regional Director of Property Management, Director of Property Management, and Senior Commercial Property Manager are prime examples of these positions.

Importantly, the pay for all of these positions is more than the average Assistant Property Manager wage of $41,497, ranging from $38,232 (92.1%) to $64,712 (155.9%). If you meet the requirements, you might be able to earn more money than the average Assistant Property Manager position by being hired for one of these comparable positions.

Which Are The Top Cities with The Highest Paying Jobs For Assistant Property Managers?

We’ve identified cities where an Assistant Property Manager’s mean compensation is higher than the national average.

By $6,038 (14.6%) more than the national average, San Mateo, California, and Redwood City, California, continue the trend.

The average salary in these ten cities is greater than the national average, therefore moving to progress professionally as an assistant property manager seems to be a very profitable move. The average salary in these top ten locations differs only 10% between Redwood City, California, and Renton, Washington, supporting the limited prospect for significant wage advancement. When deciding where to work and how much to pay as an assistant property manager, the likelihood of a cheaper cost of living can be the most important consideration.

In Conclusion

The average income for assistant property managers in the US is $35,942, with salaries ranging from $10,055 to $198,333. Assistant property managers make an average salary of $35,942 to $89,897, with the top 86% earning $198,333. Apart from all of this, some cities have companies that pay much better compared to other cities. Also, there are some positions in the category of Assistant Property Manager that has high earnings, we have listed some in this article, you can do we to check them out.

Frequently Asked Questions

• Question 1 Which city pays property managers the most?

New Jersey pays property managers the most.

• Question 2 How much is the highest salary a property manager can make?

The director of property management makes the highest salary in that category and they earn between $70,000-$120,000 

• Question 3 How can I increase my salary as an Assistant Property Manager?

Well, you can try and leverage on technology and bring new ideas to your clients or company. Also, try and find ways to increase rents or increase customers for the estates.