Commercial Property Manager Job Description

Investment in real estate has always provided fantastic returns to investors over a long period. Investment in commercial real estate is considered to be extremely lucrative, as the property owner can either rent it out to some entrepreneur or start his own venture.

The job of a commercial property manager involves looking after properties of the owners. Being extremely dynamic and knowledgeable professionals, their salary has seen a rising trend over the years. The following points sum up the job profile of these professionals:

• They are responsible for maintaining the commercial property of their employer in a good condition.
• If any kind of repair or remodeling is required, then these managers hand out contracts to private firms and get the task completed in a professional way, at the right cost.

• They head a team that consists of housekeeping professionals, accountants, clerks and assign duties to each of them.
• If the property has been rented out to someone, then they collect rent and manage all documents related to the agreements carefully.

• They may manage multiple commercial properties of their employer at a time, and hence, must have multitasking abilities.

• Being a part of the realty sector for many years, experienced commercial property managers also advise their employers on property buying, selling and ongoing trends in the realty market.

• Some professionals in this field perform other important tasks such as keeping maintenance records, clearing property taxes, getting government sanctions for construction and writing financial reports.

• After reading the job description, it is clear that this is certainly an interesting and challenging field to be in. 

Though it is not mandatory for the applicants to have degrees, you can get the best jobs in the industry by getting a bachelor's degree in subjects, such as real estate management or finance.

Securing a license in the field of real estate proves to be very handy when applying for a job in this field. A person should have a genuine interest in real estate, with good communication and interpersonal skills, hardworking ability, readiness to travel extensively, and an ability to learn on the job.

Commercial property managers largely depend on their experience, location of job and type of employer. Those working for large private realty giants will make more in this job than those working for the small companies.

Salaries will naturally be more in metropolitan locations such as New York, than remote locations where real estate development is not that fast. The average salary is believed to be around USD 62,000 per year. However, those professionals who have just started their career can expect to make anything between USD 43,000 to USD 91,000 per year. 

With an experience of two to five years, salaries can hike up to USD 60,000 to USD 100,000 per year; while those having more than five years of experience can command anything between USD 70,000 to USD 110,000 per year.

 Highly experienced professionals can draw between USD 70,000 to USD 105,000 per year. These real estate professionals also receive attractive perks, bonuses and incentives which increase their total pay. Apart from private companies, there are other agencies or institutions for which these managers work. Let us see how much these managers earn.

• Type of Employer : Non-Profit Organizations
  
  
• Salary (In USD) approx : 70,000 to 85,000

• Type of Employer : State Government
  
  
• Salary (In USD) approx. : 75,000 to 90,000

• Type of Employer : Trusts or Foundations
  
  
• Salary (In USD) approx. : 50,000 to 70,000
  
  

• Type of Employer : Self-employed
  
  
• Salary (In USD) approx. : 50,000 to 95,000
  
  

If you find this career promising and exciting, start your preparations from high school itself and make big bucks.