How Much Do Apartment Managers Make?

Save

An apartment manager is responsible for overseeing all aspects of property management, including renting out units, collecting rent payments, ensuring the building meets all health and safety codes, exterior property maintenance, and seeing that repairs are made in a timely manner. Professionals are needed to work at buildings of all sizes, from small independently owned properties to large complexes owned by corporations.

Salary and Qualifications

  • According to the U.S. Bureau of Labor Statistics, an apartment manager earns an average annual salary of $64,270. A minimum of a high school diploma or equivalent is typically the required education level for the job, but many companies prefer college graduates. The apartment manager must be outgoing, extremely organized, have outstanding customer-service skills, be an excellent listener, and be a great problem-solver to effectively manage issues and concerns addressed by residents.

Salaries by Region

  • As of May 2013, the BLS cites New York as the top-paying state for apartment managers, with an average annual salary of $98,040. The other top-paying states include Virginia, at $97,350 per year; Maryland, at $85,790 per year; Colorado, at $85,640 per year; and Nebraska, at $82,400 per year. Conversely, apartment managers working in Montana, Idaho, Nevada, Arizona, South Dakota, Arkansas, Louisiana, Mississippi, Tennessee, Kentucky and West Virginia earn the lowest average salaries, ranging from $35,480 to $47,740 per year.

Contributing Factors

  • A number of factors may contribute to the salary of an apartment manager, including size of apartment complex, location and the number of responsibilities involved in the position. An apartment manager working in a large complex owned by a corporation typically earns more than a professional working at an independently owned smaller building. The cost of living in the area may also have an impact; as New York City has a high cost of living, apartment managers in the state receive the highest average salaries.

Job Outlook

  • The BLS predicts that employment of apartment managers will increase by 12 percent from through 2022, which is the average for all occupations. As more people continue to move into rental units, there will be an increasing demand for apartment managers to oversee the facilities. Professionals with a bachelor’s degree in business, real estate or a related field may have a competitive advantage on other candidates competing for the same jobs.

Related Searches

References

  • Photo Credit stockfotoart/iStock/Getty Images
Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

3 Day-to-Night Outfits for the Work Week

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!