What Factors Affect a Property Manager Salary?

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What Factors Affect a Property Manager Salary?

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A property manager is responsible for the ongoing operations, maintenance and renovation of a physical building. This type of position can be found in either the commercial or residential sector. Many people who work as property managers have a significant level of responsibility and liability, and this has a direct impact on the property manager salary range. The five factors that can affect property manager salary levels are: economic climate, level of education, amount of experience, level of responsibility and complexity of the property.

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A property manager is responsible for the ongoing operations, maintenance and renovation of a physical building. This type of position can be found in either the commercial or residential sector. Many people who work as property managers have a significant level of responsibility and liability, and this has a direct impact on the property manager salary range. The five factors that can affect property manager salary levels are: economic climate, level of education, amount of experience, level of responsibility and complexity of the property. Compensation is closely tied to the local economic climate and availability of qualified candidates. The principles of supply and demand applies to the property manager salary ranges employers are offering. In an economic downturn, many companies reduce expenses by cutting staff. This increases the number of people actively looking for positions and results in an increased willingness to accept a low salary in order to secure a job.

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