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Leasing professional hiring summary. Here are some key points about hiring leasing professionals in the United States:
Here's a step-by-step leasing professional hiring guide:
A Leasing Professional is responsible for handling and coordinating with potential tenants for rental purposes. Leasing Professionals discuss the leasing terms and agreements with the clients, conduct property inspections, and identify possible repairs and renovations. They also evaluate the current market performance to negotiate pricing and payment procedures. A Leasing Professional must have excellent communication and organizational skills, especially in processing lease documents efficiently, responding to clients' inquiries and concerns, and adhering to state regulations and policies.
Before you post your leasing professional job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a leasing professional for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a leasing professional to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a leasing professional that fits the bill.
This list shows salaries for various types of leasing professionals.
| Type of Leasing Professional | Description | Hourly rate |
|---|---|---|
| Leasing Professional | 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. | $12-19 |
| Communications Manager | A communications manager is responsible for overseeing a company or organization's public relations by devising various strategies and finding new opportunities. They must craft and produce marketing materials such as campaigns, advertisements, newsletters, social media engagements, and press releases to shape and improve a brand or company... Show more | $25-58 |
| Property Administrator | A property administrator is responsible for performing administrative and clerical duties for real estate and property companies. Property administrators coordinate with prospective clients to inform them about the property and offers tours to give a better view of the location... Show more | $12-27 |
Including a salary range in your leasing professional job description helps attract top candidates to the position. A leasing professional 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 leasing professional in Tennessee may be lower than in Massachusetts, and an entry-level leasing professional usually earns less than a senior-level leasing professional. Additionally, a leasing professional 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 | Massachusetts | $40,509 | $19 |
| 2 | Pennsylvania | $38,952 | $19 |
| 3 | Washington | $38,633 | $19 |
| 4 | Arizona | $38,137 | $18 |
| 5 | Oregon | $36,170 | $17 |
| 6 | California | $36,064 | $17 |
| 7 | North Carolina | $36,009 | $17 |
| 8 | Colorado | $34,233 | $16 |
| 9 | Minnesota | $33,785 | $16 |
| 10 | Nevada | $32,644 | $16 |
| 11 | District of Columbia | $32,167 | $15 |
| 12 | New Mexico | $31,743 | $15 |
| 13 | Florida | $29,536 | $14 |
| 14 | Maryland | $29,100 | $14 |
| 15 | Virginia | $28,811 | $14 |
| 16 | Texas | $28,619 | $14 |
| 17 | Arkansas | $28,266 | $14 |
| 18 | Tennessee | $27,366 | $13 |
| 19 | Georgia | $26,470 | $13 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Aldon | $37,020 | $17.80 | |
| 2 | Greenwood Maintenance Dept | $36,283 | $17.44 | 1 |
| 3 | Horizon Management Services LLC | $35,941 | $17.28 | |
| 4 | Guild Services | $35,846 | $17.23 | 1 |
| 5 | Vesta | $35,668 | $17.15 | 8 |
| 6 | Oxford | $35,407 | $17.02 | 12 |
| 7 | CalAtlantic Title | $35,283 | $16.96 | |
| 8 | Hines Interest | $34,282 | $16.48 | 7 |
| 9 | JWilliams Staffing | $34,241 | $16.46 | |
| 10 | Goldberg Companies, Inc. | GCI Residential | $34,195 | $16.44 | |
| 11 | Trust | $33,380 | $16.05 | |
| 12 | HUDSON COMPANIES | $33,326 | $16.02 | 1 |
| 13 | American Landmark Apartments | $33,306 | $16.01 | 13 |
| 14 | Indigo Real Estate | $33,294 | $16.01 | 1 |
| 15 | Humphrey Management | $33,208 | $15.97 | 1 |
| 16 | Franklin | $33,174 | $15.95 | 4 |
| 17 | Lennar | $33,143 | $15.93 | |
| 18 | Picerne Development | $32,965 | $15.85 | 7 |
| 19 | Redwood Living | $32,903 | $15.82 | 4 |
| 20 | RedPeak | $32,815 | $15.78 | 4 |
A leasing professional 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 leasing professional job description:
There are a few common ways to find leasing professionals for your business:
Your first interview with leasing professional candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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 found the leasing professional candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting leasing professionals 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.
The median annual salary for leasing professionals is $32,944 in the US. However, the cost of leasing professional hiring can vary a lot depending on location. Additionally, hiring a leasing professional for contract work or on a per-project basis typically costs between $12 and $19 an hour.