How Much Do Rental Property Manager Make?
How much do rental property manager make? Discover the average salary, base salary, and compensation for rental property manager in the real estate category. Learn about rental property manager pay per hour, per week, per month, and per annum with detailed salary ranges from $40,000 to $65,000.
How Much Do Rental Property Manager Make? Complete Salary Guide
How much do rental property manager make? This is one of the most common questions in career planning. Rental Property Manager in the Real Estate field can expect to earn an average salary of $65,000 per year, with entry-level positions starting at $40,000 and experienced professionals earning up to $65,000 annually.
When breaking down the average salary of rental property manager by time periods, rental property manager typically make around $5,416.667 per month and approximately $1,250 per week. The basic salary of rental property manager varies significantly based on experience level, location, and industry specialization. Entry-level rental property manager typically start with a base salary of $40,000, while mid-career professionals earn an average of $60,000, and senior-level roles can command salaries exceeding $65,000.
The salary landscape for rental property manager is influenced by several key factors including geographic location, years of experience, educational background, and specific industry demands. How much do rental property manager make in a week? On average, this translates to approximately $1,250 per week. How much do rental property manager make per annum? The annual salary range spans from $35,000 to $80,000, with the median salary sitting at $65,000. Additionally, many rental property manager receive bonuses averaging $5,000 annually, representing approximately 10.25% of their base salary.
How Much Do Rental Property Manager Get Paid Per Annum? Rental Property Manager Salary
Annual salary data for rental property manager across different experience levels, showing entry-level, mid-career, and experienced professional compensation ranges based on industry standards.
Entry Level Annual Salary
Mid-Career Annual Salary
Experienced Annual Salary
How Much Do Rental Property Manager Get Paid in a Month? Rental Property Manager Monthly Salary
Monthly salary breakdowns for rental property manager at different career stages, providing practical budgeting insights and compensation expectations for financial planning.
Entry Level Monthly Salary
Mid-Career Monthly Salary
Experienced Monthly Salary
How Much Do Rental Property Manager Get Paid in Different Locations?
Geographic salary variations for rental property manager across different cities and regions, including cost of living adjustments and regional market demand factors that impact compensation.
Rental Property Manager Salary Trends
Historical salary progression for rental property manager over the past years, showing year-over-year compensation growth and market trends in the industry.
Rental Property Manager Salary Trends (2020 - 2025)
Bonus & Compensation Package
Additional compensation beyond base salary, including bonuses, commissions, and overtime opportunities that contribute to total annual earnings.
Bonus Percentage
of annual salary
Bonuses for Rental Property Managers are typically awarded based on performance metrics, tenant satisfaction, occupancy rates, and successful lease renewals.
Average Bonus
annually
Commission
A Rental Property Manager role often includes commission or incentive opportunities based on leasing performance, tenant retention, and property management success, enhancing overall earnings potential.
Overtime
Overtime pay is generally uncommon for Rental Property Managers, as many are salaried employees and exempt from overtime regulations, depending on their job duties.
Employee Benefits Package
Comprehensive benefits and perks provided to employees, including health coverage, retirement plans, time off policies, and professional development opportunities.
Comprehensive Benefits
Typical benefits for a Rental Property Manager include health insurance, retirement plans like 401(k), paid time off (PTO), flexible working hours, professional development opportunities, and performance bonuses.
Rental Property Manager Job Overview
Comprehensive details about the rental property manager role including daily responsibilities, work environment, physical demands, and key tasks that define this career path.
About This Role
A Rental Property Manager oversees residential or commercial properties, ensuring optimal occupancy and tenant satisfaction. Responsibilities include marketing vacancies, screening tenants, managing leases, coordinating maintenance, and handling finances. They act as a liaison between property owners and tenants, maximizing rental income while maintaining property value and compliance with regulations.
Primary Responsibilities
Property maintenance oversight, tenant screening and selection, lease agreement management, rent collection and financial reporting, property marketing and advertising, handling tenant inquiries and complaints, conducting property inspections, ensuring legal compliance, managing vendor relationships, coordinating move-in and move-out processes.
Day-to-Day Tasks
A Rental Property Manager oversees tenant relations, conducts property inspections, manages maintenance requests, handles lease agreements, collects rent, markets vacancies, and ensures compliance with regulations to maintain property value.
Work Environment
Hybrid
Rental Property Managers typically work in office environments, often visiting properties, handling tenant interactions, and managing maintenance issues daily.
Physical Demands
Moderate
Rental Property Managers often require mobility for property inspections, effective communication skills, and the ability to manage paperwork in various environments, including office and outdoor settings.
Rental Property Manager Requirements & Prerequisites
Essential qualifications and credentials needed to pursue a career as a rental property manager, including educational background, certifications, and experience requirements.
Education
Bachelor’s degree.
Field: Real Estate, Business Administration, Property Management, Finance, Urban Planning, Hospitality Management, Marketing, Economics.
Experience
3 years
Employers seek candidates with strong communication skills, property management experience, knowledge of leasing laws, financial acumen, customer service expertise, and proficiency in property management software for effective operations.
Certifications
Real Estate License, Property Management Certification, Certified Property Manager (CPM), Accredited Residential Manager (ARM), National Apartment Leasing Professional (NALP), Licensed Real Estate Broker, Fair Housing Certification, Maintenance Management Certification.
Required Skills
Communication, Negotiation, Problem-solving, Time management, Financial analysis, Customer service, Marketing, Organizational skills.
Technical Skills
Soft Skills
Rental Property Manager Career Path
Professional progression opportunities for rental property manager from entry-level to senior management, including typical career advancement timeline and role evolution.
Entry Level
Leasing Consultant, Property Management Assistant, Tenant Relations Coordinator
Early-career Rental Property Managers oversee property operations, handle tenant relations, coordinate maintenance, manage leases, conduct inspections, and ensure compliance with regulations to maximize rental income.
Mid-Career
Property Management Assistant, Leasing Consultant, Maintenance Coordinator
Mid-career Rental Property Managers oversee property operations, tenant relations, maintenance coordination, lease agreements, financial reporting, and ensure compliance with regulations while maximizing occupancy and profitability.
Senior Management
Director of Property Management, Regional Property Manager, Senior Asset Manager.
Senior Rental Property Managers oversee property operations, manage budgets, ensure tenant satisfaction, coordinate maintenance, enforce policies, and lead teams to maximize profitability and efficiency.
Career Progression Timeline
Timeline: 5 years
A Rental Property Manager typically starts as an assistant, progressing to management roles and potentially advancing to regional or portfolio management positions with experience and success. Networking and certifications enhance career growth opportunities.
Rental Property Manager Industry & Growth
Market outlook and growth prospects for rental property manager, including industry trends, job market demand, and factors influencing career opportunities and advancement.
Job Outlook
Faster than average
Projected: 2024–2034
Industry Trends
Increased use of technology and automation for property management tasks, growing demand for sustainable and eco-friendly rental properties, rising importance of tenant experience and community engagement initiatives.
Growth Factors
Rising rental market complexity, increased investor interest, tenant expectations for service, regulatory compliance needs, and technology integration drive demand for Rental Property Managers.
Future Opportunities
Smart home technology, short-term rentals, virtual reality tours, property management software automation, and sustainable housing solutions are emerging niches for rental property managers.
Rental Property Manager Related Professions
Alternative career paths and similar roles for rental property manager, including career transitions, related positions, and advancement opportunities within the field.
Similar Roles
Career Alternatives
Upgrade Paths
Related Entry Roles
Rental Property Manager Skills & Development
Essential skills and professional development resources for rental property manager, including technical abilities, soft skills, recommended courses, and ongoing learning opportunities.
Technical Skills
Soft Skills Needed
Recommended Certifications
Recommended Courses
Development Resources
Training Timeline
Estimated training time
Frequently Asked Questions About Rental Property Manager Salary
Common questions and answers about pursuing a career as a rental property manager, covering qualifications, salary expectations, career prospects, and practical career guidance.
What qualifications are needed to become a rental property manager?
A high school diploma is typically required, along with relevant certifications or a degree in real estate management or business.
How do rental property managers get paid?
They can earn a salary, commission, or a combination of both, often based on the number of properties managed.
What is the average salary of a rental property manager?
The average salary varies by location and experience but typically ranges from $40,000 to $70,000 per year.
Is prior experience necessary for becoming a rental property manager?
While not always required, previous experience in real estate or property management can be beneficial.
What skills are important for a successful rental property manager?
Key skills include communication, organization, problem-solving abilities, and knowledge of local housing laws.
How Much Others Make?
Explore salary data for other professions to compare compensation across different career paths and industries.