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Regional property manager hiring summary. Here are some key points about hiring regional property managers in the United States:
Here's a step-by-step regional property manager hiring guide:
A regional property manager is in charge of overseeing the maintenance and operations of commercial and residential properties in a particular area, ensuring efficiency and smooth workflow. Their responsibilities include setting goals and objectives, coordinating with staff, managing budgets and schedules, producing progress reports and presentations for the executives, and resolving issues promptly and efficiently. Furthermore, a regional property manager spearheads the efforts put into advertising properties for potential clients, approving applications, and terminating leases, all while implementing the company's policies and regulations.
The regional property manager 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 regional property manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, regional property managers 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 presents regional property manager salaries for various positions.
| Type of Regional Property Manager | Description | Hourly rate |
|---|---|---|
| Regional Property Manager | 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. | $26-54 |
| Leasing Agent | A leasing agent primarily works to assist and represent property owners when finding and managing tenants. They are in charge of advertising and promoting the properties in different areas or platforms, developing marketing strategies, coordinating with applicants, gathering their requirements, verifying the applicants' paperwork and references, and negotiating leasing terms... Show more | $12-19 |
| Leasing Professional | 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... Show more | $12-19 |
Including a salary range in the regional property manager job description is a good way to get more applicants. A regional property manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a regional property manager in Tennessee may be lower than in Connecticut, and an entry-level engineer typically earns less than a senior-level regional property manager. Additionally, a regional property manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $104,386 | $50 |
| 2 | Maryland | $102,034 | $49 |
| 3 | District of Columbia | $101,422 | $49 |
| 4 | Washington | $100,647 | $48 |
| 5 | California | $100,235 | $48 |
| 6 | New Jersey | $93,478 | $45 |
| 7 | Massachusetts | $93,102 | $45 |
| 8 | Pennsylvania | $92,497 | $44 |
| 9 | Texas | $88,449 | $43 |
| 10 | Minnesota | $86,195 | $41 |
| 11 | Nevada | $84,934 | $41 |
| 12 | Virginia | $84,703 | $41 |
| 13 | Ohio | $84,655 | $41 |
| 14 | North Carolina | $83,984 | $40 |
| 15 | Michigan | $82,939 | $40 |
| 16 | New Mexico | $75,194 | $36 |
| 17 | Arizona | $74,361 | $36 |
| 18 | Illinois | $72,454 | $35 |
| 19 | Mississippi | $72,391 | $35 |
| 20 | Iowa | $71,822 | $35 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | D.R. Horton | $115,522 | $55.54 | |
| 2 | Rudolph Foods | $95,209 | $45.77 | |
| 3 | Madison Capital Funding | $95,115 | $45.73 | |
| 4 | Chubb | $89,959 | $43.25 | 18 |
| 5 | Hackensack Meridian Health | $86,228 | $41.46 | 2 |
| 6 | PRA Group Careers | $85,817 | $41.26 | 5 |
| 7 | GPAC | $83,567 | $40.18 | |
| 8 | CyberCoders | $83,290 | $40.04 | |
| 9 | Ironshore Insurance | $82,035 | $39.44 | |
| 10 | MMS | $81,593 | $39.23 | 45 |
| 11 | Grainger | $81,265 | $39.07 | 3 |
| 12 | Randstad North America, Inc. | $77,368 | $37.20 | |
| 13 | Mutual Housing California | $76,800 | $36.92 | 4 |
| 14 | Vintage Glen Senior Apartments | $75,575 | $36.33 | 10 |
| 15 | NRP Holding Company Inc | $75,575 | $36.33 | |
| 16 | National Community Renaissance | $74,406 | $35.77 | 7 |
| 17 | Robert Half | $73,924 | $35.54 | 37 |
| 18 | JLL | $73,309 | $35.24 | 46 |
| 19 | Adecco | $73,256 | $35.22 | 3 |
| 20 | Greystar Real Estate Partners | $73,043 | $35.12 | 153 |
A job description for a regional property manager role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a regional property manager job description:
There are a few common ways to find regional property managers for your business:
Recruiting regional property managers 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 have selected a candidate for the regional property manager 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.
To prepare for the new regional property manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Hiring a regional property manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting regional property managers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of regional property manager recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for regional property managers is $79,788 in the US. However, the cost of regional property manager hiring can vary a lot depending on location. Additionally, hiring a regional property manager for contract work or on a per-project basis typically costs between $26 and $54 an hour.