![]() ![]() 47.8% of property managers consider growth a top priority.More than 70% of property managers perform property inspections, advertise vacancies, and facilitate leases.80% of property managers are involved in the coordination or performance of maintenance/repairs as well as rent and fee collections.Property managers are increasingly concerned about growth and owner satisfaction, with a declining interest in residents and property improvements. * Residential properties with more than 5 units or tenant groups are often classified as commercial property. Commercial rental properties with an owner or manager on-site are most likely to have fewer units.That’s 31.2% of all residential rental units in 2- to 4-unit properties.460,000 residential rental units in 2- to 4-unit buildings have a property manager living on-site.88% of survey respondents expected their revenues to go up in the next two years.5% of managers saw a decrease in revenue.81% of property managers have seen their revenues increase over the past two years.Since December 1995, the PPI for residential property management services has risen 39.2% for an annual growth rate of 1.537%.Since December 2003, the industry’s PPI has increased 33.3% for an annual growth rate of 1.903%.Industry experts expect a compound annual growth rate of 9.3% for the foreseeable future.Residential property management has seen more industry growth than nonresidential or commercial property management*. ![]() The average entry-level property manager has a high school diploma or equivalent.The lowest paid 10% earn $31,330 per year while the highest paid earn $134,570 per year.Median pay is $28.68 per hour or $59,660 per year.Their average wage is $35.20 per hour or $73,210 per year.That’s 59.95% of all working property managers. ![]()
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