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Leasing specialist hiring summary. Here are some key points about hiring leasing specialists in the United States:
Here's a step-by-step leasing specialist hiring guide:
A leasing specialist is responsible for coordinating with tenants and property owners to sell properties, review lease terms, handle contract negotiation, and manage disputes. Leasing specialists develop strategic techniques to promote properties in the market, respond to potential clients' inquiries and concerns, and discuss rental agreements. They also inspect the condition of the facility, identify parts needing repairs, and assist tenants with their moving-in requirements. A leasing specialist must have excellent communication and organizational skills, especially in organizing and filing documents timely and ensuring its adherence to regulatory policies.
The leasing specialist hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A leasing specialist's background is also an important factor in determining whether they'll be a good fit for the position. For example, leasing specialists 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.
Here's a comparison of leasing specialist salaries for various roles:
| Type of Leasing Specialist | Description | Hourly rate |
|---|---|---|
| Leasing Specialist | Real estate brokers and sales agents help clients buy, sell, and rent properties. Although brokers and agents do similar work, brokers are licensed to manage their own real estate businesses... Show more | $11-27 |
| Home Agent | Home Agents are responsible for negotiating the letting and sales of residential home properties through liaising with clients, property professionals, and solicitors. Their duties include gathering property information, reaching out to sellers about the property, estimating property value, and marketing properties for sale... Show more | $7-17 |
| Real Estate Consultant | A real estate consultant is a professional who provides specialized investment and financial advice to clients who are looking to buy, sell, or invest in property. A real estate consultant must provide as many details as possible so that the client can make their decision and avoid problems in the process... Show more | $29-66 |
Including a salary range in your leasing specialist job description is one of the best ways to attract top talent. A leasing specialist can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $60,828 | $29 |
| 2 | New Jersey | $54,900 | $26 |
| 3 | District of Columbia | $51,484 | $25 |
| 4 | California | $51,198 | $25 |
| 5 | Virginia | $51,057 | $25 |
| 6 | Maryland | $50,762 | $24 |
| 7 | Pennsylvania | $50,414 | $24 |
| 8 | Michigan | $44,476 | $21 |
| 9 | Ohio | $41,173 | $20 |
| 10 | Washington | $38,695 | $19 |
| 11 | North Dakota | $38,622 | $19 |
| 12 | Colorado | $38,450 | $18 |
| 13 | Georgia | $37,848 | $18 |
| 14 | Wisconsin | $37,427 | $18 |
| 15 | Indiana | $36,124 | $17 |
| 16 | Minnesota | $35,816 | $17 |
| 17 | Hawaii | $35,110 | $17 |
| 18 | Missouri | $34,934 | $17 |
| 19 | Texas | $34,514 | $17 |
| 20 | Arizona | $34,019 | $16 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | FNB | $80,341 | $38.63 | |
| 2 | CoBank | $52,253 | $25.12 | |
| 3 | MidPen Housing | $45,962 | $22.10 | 1 |
| 4 | Entrata | $44,433 | $21.36 | |
| 5 | NRP Holding Company Inc | $44,347 | $21.32 | |
| 6 | Weidner Center Presents Inc | $44,347 | $21.32 | |
| 7 | General Services Corporation | $44,347 | $21.32 | 6 |
| 8 | Windsor Communities | $44,337 | $21.32 | 15 |
| 9 | Fairstead | $43,512 | $20.92 | |
| 10 | Insight Investments | $43,242 | $20.79 | 4 |
| 11 | Booz Allen Hamilton | $43,003 | $20.67 | 2 |
| 12 | Toyota Financial Svc | $42,735 | $20.55 | |
| 13 | J.F. Shea Co | $40,834 | $19.63 | 6 |
| 14 | The Philadelphia Coalition | $40,782 | $19.61 | |
| 15 | Mid-America Real Estate Group | $40,284 | $19.37 | |
| 16 | Aspiranet | $40,093 | $19.28 | |
| 17 | Bennett Family of Companies | $39,995 | $19.23 | |
| 18 | Harbor Group Management | $39,075 | $18.79 | 12 |
| 19 | Career Strategies | $38,934 | $18.72 | |
| 20 | Common | $38,501 | $18.51 |
A leasing specialist 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 specialist job description:
To find the right leasing specialist for your business, consider trying out a few different recruiting strategies:
Your first interview with leasing specialist 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 have selected a candidate for the leasing specialist position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the 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.
After that, you can create an onboarding schedule for a new leasing specialist. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire leasing specialists, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire leasing specialists pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $37,876 per year for a leasing specialist, 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 leasing specialists in the US typically range between $11 and $27 an hour.