Leasing consultants interact with potential tenants and show them houses as their main duties. They could also be in charge of financial reporting, bookkeeping, and budgeting. When promoting or renting, these professionals are required to adhere to numerous housing anti-discrimination rules. Let us know more detail about ‘Salaries Of Leasing Consultants’.
Salaries Of Leasing Consultants
A leasing consultant helps prospective and current renters with property viewings and lease negotiations. They assist with rental application processing and lease terms and rates. All the necessary details about the leasing consultants and their salaries in the USA will be enlightened in this article.
The Leasing consultants in the US, on average, earn $31,411. This also includes a 7% bonus constituting an amount of $2,230. 100% of the Leasing consultants receive their salaries with profit. Although the average is $31,411, on an individual basis salary falls between $25,297 and $58,367. The average salary per month is $2617.58, per week is $654.39, per day is $130.87 and per hour is $16.35. San Francisco has desktop support technicians who earn 36% more than the US average at $42,775.
Job requirements of a leasing consultant
Generally, a leasing consultant has to hold the following job requirements:
Education
Education which you acquire is important for any job you do in any profession. A high school diploma or a GED is at least required for leasing consultants. Many leasing consultants decide to go to college to earn a business or real estate degree. Leasing, sales, marketing, finance, and business management are among the relevant courses.
Training & Experience
The majority of leasing consultants gain the specialized information and skills necessary for their position while working. Until they feel confident enough to finish activities alone, training may involve working with an experienced leasing adviser or performing jobs under supervision. Learning about the property and the lease policies and practices of the business may also be included in the training.
Licenses & Certifications
Licenses and certifications allow you to demonstrate your qualifications to both current and prospective employers. Certain states demand that leasing consultants have a license or certification. Additionally, leasing consultants can obtain qualifications to increase their chances of job progression and learn more about their duties.
The demand of Leasing Consultants
Over the following ten years, leasing consultants’ employment is anticipated to expand at a slower-than-average rate.
The demand for leasing services determines the demand for leasing advisors. Leasing experts will be more necessary as more businesses lease equipment because they can assist with the process. The cost of leasing, however, can go up as more businesses utilize it, which might cause a decline in the market for leasing consultants.
Salaries of Leasing Consultants
Salaries based on different criteria for the leasing consultant are discussed below:
Years of Experience
Salary increases are typically correlated with your degree of experience. The longer you are staying in the field, you may anticipate making more money as a leasing consultant. How experience affects your leasing consultant income is seen below.
| Level of experience | Salary |
| Less than 1 year (Entry-level) | $25,297 |
| 1 to 4 years (Early career) | $30,107 |
| 5 to 9 years (Mid-career) | $35,538 |
| 10 to 19 years (Experienced) | $43,555 |
| 20 + years(Late career) | $58,367 |
Location
The amount you might earn as a leasing consultant may also depend on where you live. Major city employment is often associated with better pay and higher cost of living. The state wise salary of leasing consultants is discussed below.
Texas
The Leasing consultant in Texas makes earnings between $28,012 and $33,482, 11% below and 7% above the national average leasing consultant salary. It is 9% to 26% lower than the combined average salaries of cities like San Francisco, Seattle, Boston, etc. The bonus for a Leasing consultant, on average is $2,269. The average per-hour salary for the Leasing consultant becomes $14.58 to $17.43.
California
The Leasing consultant in California makes earnings between $31,061 and $33,769, 1% below and 11% above the national average leasing consultant salary. It is 12% to 19% lower than the combined average salaries of cities like San Francisco, Chicago, Boston, etc. The bonus for a Leasing consultant, on average is $2,406 to $2,467. The average per-hour salary for the Leasing consultant becomes $16.177 to $17.58.
Florida
The Leasing consultant in Florida makes earnings between $ 30,249 and $33,769, 4% below and 2% above the national average leasing consultant salary. It is 21% lower than the combined average salaries of cities like Dallas The bonus for a Leasing consultant, on average is $ 2,157 to $ 2,223. The average per-hour salary for the Leasing consultant becomes $15.75 to $17.58.
Arizona
The Leasing consultant in Arizona makes earnings of $31,983, 2% above the national average leasing consultant salary. It is 5% lower than the combined average salaries of cities like Chicago and New York etc. The bonus for a Leasing consultant, on average is $2,127. The average per-hour salary for the Leasing consultant becomes $16.65.
Ohio
The Leasing consultant in Ohio makes earnings between $29,626 and $30,751, 6% and 2% below the national average leasing consultant salary. It is 10% to 15% lower than the combined average salaries of cities like Los Angeles, Dallas, etc. The bonus for a Leasing consultant, on average is between $2,136 and $2,144. The average per-hour salary for the Leasing consultant becomes $15.43 and $16.01.
Comparison with similar job salaries
| Related Jobs | Average Salary |
| Leasing Agent | $31,798 |
| Property Manager | $47,036 |
| Real Estate Agent | $82,898 |
| Sales Consultant | $50,798 |
| Customer Service Representative | $35,413 |
| Office Manager | $42,603 |
Conclusion
A leasing consultant promotes new properties, shows tenants, and secures the lease signing, all of which help businesses turn a profit. They frequently work for a property management business, but they are not landlords. Leasing consultants should have excellent customer service skills and negotiate well with potential tenants.
If they keep on improving their skills and keep on gaining experience in their job, then they have good chances of grabbing quick raise in their salary in form of an increased bonus.
FAQ’s
- Is leasing consultancy a satisfactory job?
Yes, it is a satisfactory job if you keep on working on enhancing your skills and staying focused in your field. With time, the salaries increase by a notable increase in bonus.
- How much is the average hourly salary of the leasing consultant?
The average hourly salary of a leasing consultant in the US is $16.35.
- What do leasing consultants do?
A leasing consultant helps prospective and current renters with property viewings and lease negotiations.
