Real Estate Managers Salary 2017: How Much Money Do They Make

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hourly pay for Property, Real Estate and Community Association Managers
do Property, Real Estate and Community Association Managers make a lot of money

Property, Real Estate and Community Association Managers

Other names for this job might include Apartment Hotel Manager, Apartment House Manager, Apartment Manager, Assistant Property Manager, Building Custodian, Managing, Supervising, Renting, Building Rental Manager, Building Rental Superintendent, Building Superintendent, Building Superintendent, Managing, Supervising, Renting, Cemetery Manager


  • $70290
    Salary
  • 75%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

A



How Much Successful Real Estate Managers Make In 2017


In this salary guide, you will find out how much do Property, Real Estate and Community Association Managers make.

After reading this, you will be able to make a decision if working as a Property, Real Estate and Community Association Manager will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$70290 per year

Hourly wage
$33.790 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Real Estate Managers make per year and what is their hourly wage.

According to BLS, the average annual salary of Real Estate Managers is $70290. Their salary can also be as low as $28260 if you’re still a newbie with no experience to over $126390 if you have a ton of experience under your belt.

The typical hourly pay is $33.790 and can range from $13.590 to $60.760 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Real Estate Manager will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
B

We wanted to make it easy for our readers to compare the salary of A Real Estate Manager to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Real Estate Managers make with other careers, they have a salary rank of B.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$60.760$126390
Senior (Top 25%)$39.960$83110
Middle (Mid 50%)$27.420$57040
Junior (Bottom 25%)$19.190$39910
No experience (Bottom 10%)$13.590$28260


Entry-level Real Estate Managers who starts out at $39910 can expect to make $57040 after 3-5 years of experience in the field.

The bottom 10% makes less than $13.590 per hour while the top 10% makes over $60.760 per hour.

While the median wage is $57040 per annum or $27.420 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Metal Ore Mining75.89157850
Machinery Manufacturing61.75128440
Wired Telecommunications Carriers61.03126930
Oil and Gas Extraction59.05122820
Computer Systems Design and Related Services58.9122520
Mining58.27121210
Natural Gas Distribution58.08120810
Direct Insurance (except Life, Health, and Medical) Carriers56.26117020
Computer and Electronic Product Manufacturing54.14112620
Insurance Carriers53.72111740
Wireless Telecommunications Carriers (except Satellite)53.53111350
Scientific Research and Development Services53.16110580
Research and Development in the Physical, Engineering, and Life Sciences53.16110580
Telecommunications52.96110160
Rail Transportation52.6109410
Utilities52.49109190
Depository Credit Intermediation51.96108080
Travel Arrangement and Reservation Services51.86107860
Transportation and Warehousing51.39106880
Computer and Peripheral Equipment Manufacturing51.2106490
Air Transportation50.73105530
Scheduled Air Transportation50.73105530
Funds, Trusts, and Other Financial Vehicles50.22104460
Electric Power Generation, Transmission and Distribution50.13104270
Other Investment Pools and Funds50.02104050
Credit Intermediation and Related Activities49.75103470
Pipeline Transportation49.66103280
Insurance Carriers and Related Activities49.46102870
Nondepository Credit Intermediation47.3898540
Finance and Insurance47.398380
Grantmaking and Giving Services47.1197990
Management of Companies and Enterprises46.9397600
Colleges, universities, and professional schools, Privately owned46.8597450
Elementary and Secondary Schools, Local government owned46.596710
Religious Organizations46.4296550
Commercial and Industrial Machinery and Equipment Rental and Leasing46.3996500
Federal government, including the US Postal Service46.0995870
Accounting, Tax Preparation, Bookkeeping, and Payroll Services46.0695810
Federal Executive Branch46.0295710
Educational Services, Privately owned4695670
Educational Services, Local government owned45.8595380
Manufacturing45.5694770
Elementary and Secondary Schools (including private, state, and local government schools)45.2694140
Colleges, Universities, and Professional Schools (including private, state, and local government schools)45.294010
Educational Services (including private, state, and local government schools)44.8293230
General Medical and Surgical Hospitals (including private, state, and local government hospitals)44.7493050
General Medical and Surgical Hospitals, Privately owned44.7192990
Hospitals, Privately owned44.0391580
Colleges, universities, and professional schools, State government owned43.9791450
Wholesale Trade43.8291160
Junior colleges, Local government owned43.7891060
Educational Services, State government owned43.6290730
Insurance Agencies and Brokerages43.5190490
Hospitals (including private, state, and local government hospitals)43.3990260
Pipeline Transportation of Natural Gas42.8789180
Retail Trade42.7688930
Other Nondepository Credit Intermediation42.5388460
Junior Colleges (including private, state, and local government schools)42.4788330
Professional, Scientific, and Technical Services41.4886280
Activities Related to Credit Intermediation40.5984440
Agencies, Brokerages, and Other Insurance Related Activities40.484020
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)39.9483070
Securities, Commodity Contracts, and Other Financial Investments and Related Activities39.3781890
Merchant Wholesalers, Durable Goods39.1581440
Management, Scientific, and Technical Consulting Services38.8780850
Other Financial Investment Activities38.4479950
Land Subdivision38.3879830
Heavy and Civil Engineering Construction38.2479540
Architectural, Engineering, and Related Services37.6978400
Engineering Services37.5678120
Services for the Elderly and Persons with Disabilities36.8576660
Construction36.8276590
Power and Communication Line and Related Structures Construction36.8176560
Utility System Construction36.2375360
Nonresidential Building Construction36.2375350
Arts, Entertainment, and Recreation35.8674580
Construction of Buildings35.3873580
Advertising, Public Relations, and Related Services35.2973400
Facilities Support Services35.173000
Residential Building Construction35.0972980
Amusement, Gambling, and Recreation Industries34.8372440
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service34.6171980
State government, including schools and hospitals34.5271800
Individual and Family Services34.1370980
Federal, State, and Local Government34.0570830
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service34.0570830
Local government, including schools and hospitals33.5569790
Local Government, excluding schools and hospitals33.369270
Ambulatory Health Care Services32.7268050
All industries31.6765880
State Government, excluding schools and hospitals31.6765880
Personal and Laundry Services31.6365790
Death Care Services31.5365570
All industries, private ownership only31.565520
Employment Services31.4665440
Offices of Real Estate Agents and Brokers31.1564790
Traveler Accommodation31.0864660
Sector 56- Administrative and Support and Waste Management and Remediation Services31.0864650
Administrative and Support Services31.0864640
Health Care and Social Assistance (including private, state, and local government hospitals)30.7663980
Civic and Social Organizations30.4863390
Social Assistance30.2462910
Lessors of Real Estate30.0362460
Other Amusement and Recreation Industries30.0362460
Offices of Physicians30.0162420
Real Estate and Rental and Leasing29.9262240
Real Estate29.9162220
Office Administrative Services29.7961970
Activities Related to Real Estate29.6461650
Accommodation and Food Services28.7659810
Accommodation28.6859660
Community Food and Housing, and Emergency and Other Relief Services28.6559600
Other Services (except Federal, State, and Local Government)28.5659390
Religious, Grantmaking, Civic, Professional, and Similar Organizations28.4959260
Rooming and Boarding Houses27.8858000
Vocational Rehabilitation Services27.6457480
Business, Professional, Labor, Political, and Similar Organizations27.557200
Nursing Care Facilities (Skilled Nursing Facilities)27.557190
Fitness and Recreational Sports Centers27.0556260
Other Support Services26.0454170
Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly25.9754030
Nursing and Residential Care Facilities24.9651910
RV (Recreational Vehicle) Parks and Recreational Camps24.1850290
Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities18.9139330
Residential Mental Health and Substance Abuse Facilities17.0235400

Not all industries pay the same for Property, Real Estate and Community Association Managers.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
NY$51.89$107920
MD$43.11$89670
TX$42.91$89250
MA$42.51$88430
VA$41.61$86540
CO$41.16$85600
RI$39.63$82430
NE$38.99$81090
PA$37.6$78220
DC$37.37$77730

Another simple way to boost your pay as A Real Estate Manager is to move to a higher paying state. However moving to a higher paying state like NY doesn’t mean you will make more overall. This is because the expenses at NY may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Real Estate Managers are in the states of NY, MD, TX, MA and VA. The average salary in NY is $107920.



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Rank: A+
Salary: $92250

They plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, facilities planning and maintenance, custodial operations, and other office support services.
Rank: B
Salary: $80420

They operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
Rank: B
Salary: $58190

They buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. Includes assistant wholesale and retail buyers of nonfarm products.
Rank: A
Salary: $73670

They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Rank: D
Salary: $40240

They compile information and records to draw up purchase orders for procurement of materials and services.





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Related to Property, Real Estate and Community Association Managers Salary

Property, Real Estate and Community Association Managers salary, how much do Real Estate Managers earn, Property, Real Estate and Community Association Managers hourly wage, Property, Real Estate and Community Association Managers annual pay, highest paying industries for Real Estate Managers, which states pay the highest for Real Estate Managers

Additional resources

http://www.bls.gov/OOH/sales/real-estate-brokers-and-sales-agents.htm
http://www.nareb.com/
http://www.realtor.org/

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Property, Real Estate and Community Association Managers
Written by: Stanley Tan
Property, Real Estate and Community Association Managers plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
4.8 / 5 stars

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