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Lease administrator hiring summary. Here are some key points about hiring lease administrators in the United States:
Here's a step-by-step lease administrator hiring guide:
A Lease Administrator is responsible for processing lease documents and managing the property requirements. They monitor the business and financial transactions for lease properties, inspect the facilities' conditions, and identify areas that would need renovations. They also reach out to potential clients, create marketing and promotional campaigns, and ensure that all the bills are posted accurately on the database. A Lease Administrator performs clerical and administrative duties as needed, requiring them to have excellent communication and organizational skills, especially in interacting with customers and property owners.
First, determine the employments status of the lease administrator you need to hire. Certain lease administrator roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A lease administrator's background is also an important factor in determining whether they'll be a good fit for the position. For example, lease administrators from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of lease administrators.
| Type of Lease Administrator | Description | Hourly rate |
|---|---|---|
| Lease Administrator | Property, real estate, and community association managers take care of the many aspects of residential, commercial, or industrial properties. They make sure the property is well maintained, has a nice appearance, and preserves its resale or leasing value. | $20-33 |
| Director Of Property Management | A director of property management oversees and directs the property management programs and projects of an organization. They take the lead in identifying and meeting the needs of different facilities, researching client and business opportunities, gathering and analyzing data from annual and monthly reports, coordinating with suppliers and contractors, and making significant decisions... Show more | $29-72 |
| Property Manager | Property managers are responsible for overseeing the real estate properties of their clients. They manage property rentals and leasing and ensure that the terms on these rentals are by what the owner is amenable to... Show more | $16-34 |
Including a salary range in your lease administrator job description helps attract top candidates to the position. A lease administrator salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a lease administrator in Louisiana may be lower than in Connecticut, and an entry-level lease administrator usually earns less than a senior-level lease administrator. Additionally, a lease administrator with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Maryland | $63,046 | $30 |
| 2 | Washington | $62,937 | $30 |
| 3 | Texas | $62,649 | $30 |
| 4 | District of Columbia | $62,510 | $30 |
| 5 | Massachusetts | $62,289 | $30 |
| 6 | Minnesota | $61,273 | $29 |
| 7 | Kansas | $60,336 | $29 |
| 8 | New York | $59,654 | $29 |
| 9 | Rhode Island | $59,575 | $29 |
| 10 | New Jersey | $59,284 | $29 |
| 11 | Michigan | $59,207 | $28 |
| 12 | Oregon | $58,930 | $28 |
| 13 | Pennsylvania | $57,887 | $28 |
| 14 | North Carolina | $57,013 | $27 |
| 15 | California | $56,643 | $27 |
| 16 | Colorado | $55,977 | $27 |
| 17 | Virginia | $55,781 | $27 |
| 18 | Montana | $55,149 | $27 |
| 19 | South Dakota | $54,273 | $26 |
| 20 | Nevada | $52,932 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Ross Stores | $100,550 | $48.34 | |
| 2 | Publix | $87,562 | $42.10 | |
| 3 | Family Dollar | $85,901 | $41.30 | |
| 4 | BGC Partners | $85,239 | $40.98 | |
| 5 | Hy-Vee | $84,723 | $40.73 | 5 |
| 6 | Advance Auto Parts | $75,138 | $36.12 | 1 |
| 7 | Splunk | $71,645 | $34.44 | |
| 8 | CKE Restaurants Holdings | $71,551 | $34.40 | |
| 9 | Dollar Tree | $69,961 | $33.64 | 2 |
| 10 | Tractor Supply | $68,350 | $32.86 | |
| 11 | Mission Regional Medical Center | $67,885 | $32.64 | 5 |
| 12 | United Dominion Realty Trust | $67,136 | $32.28 | |
| 13 | Ryder System | $66,690 | $32.06 | 18 |
| 14 | First American Payment Systems | $65,969 | $31.72 | 2 |
| 15 | New England Heritage Properties | $65,086 | $31.29 | |
| 16 | Grubb Properties | $64,105 | $30.82 | |
| 17 | Select Medical | $63,410 | $30.49 | 7 |
| 18 | Brilliant | $63,305 | $30.44 | 1 |
| 19 | OUTFRONT Media | $62,664 | $30.13 | |
| 20 | Related Companies | $62,590 | $30.09 |
A lease administrator job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a lease administrator job description:
There are various strategies that you can use to find the right lease administrator for your business:
Recruiting lease administrators requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect lease administrator candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new lease administrator. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting lease administrators involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $54,245 per year for a lease administrator, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for lease administrators in the US typically range between $20 and $33 an hour.