Can property managers make good money?

Property managers with ten years of experience but no degree has an average annual income of $96,000 in a year. At the same time, those with the same experience level with a bachelor's degree make $100,000 per year.

Another way to increase salary potential without investing in a bachelor's degree is to consider obtaining an official property manager designation. For example, the Certified Property Manager (CPM) is widely recognized in the industry.

Property managers with a CPM designation and ten years of experience typically make over $113,000 annually. This designation can help to land more competitive jobs and increase a person's earning potential.

Another factor that can help a property manager make a lot of money is what kind of properties they manage. Residential property managers make an average of $48,000 per year. The salaries typically range between $36,000 to $59,000. Some high-earning residential property managers are making $70,000 annually.

On the other hand, commercial property managers make an average annual income of $75,000. The vast majority of commercial property managers make between $65,000 to $95,000. Some high earners make over $100,000 of annual income.