The Real Estate market has rebounded well. Naturally, more and more people are considering a career in REITs. Wondering what REITs stand for? Well, REITs are Real Estate Investment Trusts. In this article, we will talk about the best paying jobs in Real Estate Investment Trusts.
As the Real Estate market will further grows, more and more people run to invest in the sector. As a result, people are also interested in working in REITs. And why wouldn’t they, there is massive earning potential in the field and a wide array of opportunities.
So, are you also looking for opportunities in real estate investment trusts? Well, then, you’re at the right place. In this article, we will talk about the best paying jobs in real estate investment trusts.
Methodology: We have sourced the salary for these jobs from salary.com and indeed.com. Also, we have conducted secondary research for the same. All the salaries have been linked to the source.
But first, let’s give you a clear picture of what REITs are.
What Are Real Estate Investment Trusts?
REITs are companies that own and manage real estate. The properties they own range from shopping malls, hospitals, commercial buildings, etc. They earn their income by trading these properties and paying the investors.
Real Estate investment has long been used by people to expand their passive income. It is a safe investment mode that also yields high returns. Naturally, it is a good career path that pays well and also helps one make a difference in people’s lives.
Highest Paying Jobs in Real Estate Investment Trusts (Between $150K to $270K)
1. Vice President of Asset Management
In the Asset Management role, one has to oversee the portfolio work within the REITs. It is a job of great responsibility. As the VP of Asset Management is directly responsible for the financial performance of a portfolio. Naturally, they also oversee finding investors, ensuring returns, and marketing.
It is one of the highest-paying jobs in real estate investment trusts. In order to become the Vice President of Asset Management, one also needs a 10-year of experience in the industry. The average annual salary in this role is a whopping $261,100.
To secure this role in REITs, one needs to not only perform well but also show good leadership traits.
2. Mortgage Loan Officer
A Bank or an Independent Lender hires a Mortgage Loan Officer. The responsibilities of this role include helping clients get the perfect loan type and mortgage. A Mortgage Officer plays a key role in REITs as they help clients get the best deal.
A Bachelor’s degree in Business, Finance, or Accounting is preferred for this role. A High School Diploma or equivalent qualification is a minimum for the job. Additionally, one also requires an active Mortgage Loan Originator License in the state they want to work in.
The average annual salary of a Mortgage Loan Officer in the United States is $215,749. The best part about the role is that there is no upper limit to how much you can earn. As a result, it becomes one of the best paying jobs in real estate investment trusts.
3. Real Estate Attorney
As the name suggests, a Real Estate Attorney oversees the legal aspect of a property transaction. They are tasked with everything from name searching a property to resolving any disputes that arise. They also prepare and review legal documents related to property sales and purchases.
A Bachelor’s Degree in Law is required for one to become a Real Estate Attorney. Being an attorney, the person will also need to have sound judgment as well.
It is one of the best paying jobs in real estate investment trusts. The annual average salary that a Real Estate Attorney makes is $156, 682. Depending on your repute and years of experience, the pay for a Real Estate Attorney can be much higher.
Best Paying Jobs in Real Estate Investment Trusts (Between $100K and $150K)
4. Investor Relations
Every investor wants the best return on the money they put into a project. Naturally, the same goes for the world of real estate. And that’s where the Investor Relations job role comes in for REITs.
An Investor Relations Manager works with investors and shareholders to make sure they get the best possible return on each of their investments. Working in this job role requires one to have excellent communication skills. It also requires them to have a keen eye for analysis which is useful for them to ensure their clients get the best returns.
This job is one of the best paying jobs in real estate investment trusts. The annual average salary for this role in the US is $142, 303.
5. Real Estate Developer
The Real Estate Developer has the most comprehensive role of the all jobs we mention here. They study international trends, analyze consumer expectations and devise strategies accordingly. They add to the property in terms of functionality, pricing structure, and design.
In other words, a Real Estate Developer strives to close the gap between the construction capacity and the investor’s demands. In order to become a Real Estate Developer, one must have a degree in Engineering, Management, or a related field.
For this role, one must have the ability to visualize, plan and organize projects. It is fair to say that the role demands an innovative mindset. A Real Estate Developer earns $110,000 per annum in the United States.
6. REIT Analyst
A Real Estate Investment Trust analyst is tasked with attracting investors to a project. The job role requires solid communication and persuasion skills. A REIT Analyst must also know how to examine market trends in real estate to help the company adapt accordingly.
A REIT Analyst needs to have rigorous knowledge of Real Estate. They should have an eye for lucrative investment opportunities in the market. Also, they must stay in touch with the current industrial trends.
In a nutshell, a REIT Analyst will suggest the company ways to grow and expand their business. And for that, REITs pay them an average annual salary of $109,784. The job role has immense potential for growth as well. It is up there with the best paying jobs in real estate investment trusts.
7. Real Estate Agent
The Real Estate Agent is probably the most recognizable job on the list. An agent helps clients purchase, sell, or rent a property. Additionally, the job of a Real Estate Agent also involves administrative paperwork.
A day in the life of an agent usually includes showing properties to clients, conducting inspections, etc. This role might also include additional responsibilities like research and marketing, identifying changes in customer behavior, and so on.
In order to get this job, one needs to have strong negotiation and communication skills, and a strong hand in researching properties.
On average, a Real Estate Agent in the US earns $106,000 per year. Again, the salary might differ based on factors such as qualification, education, years of experience, etc.
8. Property Manager
Owners of a real estate investment hire a Property Manager to oversee the daily workings of the place. The usual duties of any Property Manager consist of collecting rent, taking care of any maintenance requests, etc. They are also tasked with setting up the finances for assets in the property.
In order to become a Property Manager, one needs a real estate broker’s license. Depending on the State you’re in, you might need to pass a written examination to get a broker’s license. After all, a property manager might also have to design a business plan for the property’s expansion.
The average annual salary of a Property Manager in the US is $105, 266. Most REITs will look for a person with some experience in real estate to hire for this role. After all, it is one of the best paying jobs in real estate investment trusts.
Best Paying Jobs in REITs (Between $50K and $100K)
9. Home Sales Consultant
A Home Sales Consultant needs to possess a thorough knowledge of the property. They meet potential buyers, show them the property, and assist them with the paperwork. A Consultant often works as the first point of contact for buyers looking to buy property.
This role requires one to know every little detail about a property and its features. They then explain these features to buyers and help them make a perfect choice. In other words, they try to identify consumer needs.
It is one of the best paying jobs in real estate investment trusts with the annual average salary being $70,000. Also, a High School Diploma or equivalent qualification is required to get this job.
10. Real Estate Broker
Just like an agent, a Real Estate Broker helps clients buy and sell the property. But brokers are certified experts in real estate. They not only help people find the best deals but also ensure that all the paperwork is done for any transaction.
One requires a license in order to work as a Real Estate Broker. The added perk of being a Broker is that you will have access to exclusive listings and can also ask for higher prices for the properties.
As you can see, the responsibilities of a Real Estate Broker are far more extensive. That’s why it is among the best paying jobs in real estate investment trusts. Lastly, the average annual salary of a Real Estate Broker in the US is $67,000.
11. Property Accountant
A Property Accountant is responsible for handling the financial aspect of real estate transactions. REITs need a meticulous accountant to handle the money matters when it comes to real estate sales, purchases, and rents.
This job role will require you to work with REITs and take an active part in transactions. You can also start as a property accountant in a normal real estate firm. To get this job, one requires a thorough knowledge of accounting and real estate practices.
On average, a property accountant makes $59, 547 per annum. The salary, though, can differ highly based on your qualifications, years spent in the profession, skills, and so on.
12. Real Estate Property Appraiser
A Real Estate Property Appraiser determines the worth of a given property. He or she takes into account the market and other economic factors to arrive at a conclusion about a property’s value.
Your educational background is important if you want to secure a job as Real Estate Property Appraiser. It can be in economics, finance, or other real estate courses that are available both online and offline.
Real Estate appraisers need to have sound mathematical skills. After all, this job requires one to evaluate large amounts of data.
Lastly, a Real Estate Property Appraiser is one of the best paying jobs in real estate investment trusts. On average, the average annual salary for this job role is around $57,166.
Begin Your Career in Real Estate Investment
The Real Estate Industry is vast, and it has been growing well in recent years. Hence, it is a good field to make your career in. Finding a job in a Real Estate Investment Trust can be just what you need to lay the foundation for a lucrative career.
Be it an Agent, Analyst, or Appraiser, there is a wide array of opportunities to be had in REITs. After all, people will always need to buy, sell, or rent properties. And as long as these transactions continue to take place, there will be job opportunities in real estate.
Now that we have listed the best paying jobs in real estate investment trusts for you, it’s time to go hunting. Nope! We meant job hunting. So, update your resume, find a role that suits your skills and experience, and get ready to jump into a well-paying career in real estate.