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This question is about property manager.
How do property managers get paid?
Property managers get paid an annual salary typically. Salaried property managers get paid a base salary, a bonus, disability, health coverage, time off pay, and other benefits. On average, base salary makes up nearly 70% of the total compensation.
However, if a property manager is running their own property management company, the remaining profits after all expenses are paid would contribute to the property manager's pay.
A person's salary as a property manager depends on their skills, education, certification, and experience managing the properties. The type and number of real estate in your managing portfolio will also affect compensation.
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 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 earn $70,000 annually.
On the other hand, commercial property managers make an average annual income of $75,000. Most commercial property managers make between $65,000 to $95,000. Some high earners make over $100,000 of annual revenue.
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