What are the Best Paying Jobs In Real Estate Investment Trusts? What kind of salary can you expect to make with these jobs? How long does it take to become a master in these fields?
Find the answers to these questions and more in this informative article on the 9 best paying jobs in real estate investment trusts!
What is A Real Estate Investment Trust?
A real estate investment trust, or REIT, is a company that owns, operates or finances income-producing real estate. REITs pool the money of many investors to purchase property or provide financing for real estate projects.
By investing in Real Estate Investment Trust, investors can earn a share of the income produced by the real estate holdings of the trust.
Real Estate Investment Trust can be publicly traded on major exchanges, or they can be private.
Real Estate Investment Trust : Manager Salary
Real estate investment trusts, or REITs, are a great way to invest in the real estate market without having to purchase property directly. And, as with any other industry, there are certain jobs within REITs that tend to pay more than others.
Here are the five best paying jobs in REITs, based on average salary data from the Bureau of Labor Statistics
Real Estate Investment Trust : Analyst Salary
A REIT Analyst is responsible for researching and analyzing real estate investment trusts jobs in order to make recommendations to their clients. The average salary for a REIT Analyst is $85,000 per year.
Real Estate Investment Trust : Trader Salary
If you’re looking to enter the world of real estate investment trusts, you may be wondering what the best paying jobs are. Here’s a look at the five highest paying jobs in REITs, based on data from the U.S. Bureau of Labor Statistics.
-Senior Real Estate Analyst -Salary: $76,000-$116,000 per year
-Real Estate Analyst Salary: $58,000-$88,000 per year
Best Paying Jobs In Real Estate Investment Trusts:
Top Five Highest-Paying Jobs In Real Estate Industry
Real estate investment trusts jobs tend to be some of the highest paying in the industry. They’re as follows :-
1. Project Manager
2. Senior Analyst
3. Vice President
4. Chief Operating Officer
5. Chief Financial Officer (CFO).
9 Best Paying Jobs In Real Estate Investment Trusts
1. Real Estate Investor
The people who actually purchase assets are real estate investors.
They assess whether the property is worthy of continued development by weighing the benefits and drawbacks. The real estate investor will also decide whether a property is ready to be sold and will set the asking price in accordance with current market conditions and other factors.
Investors that have their own funds manage their own investments, while REITs employ certain investors.
Requirements: A bachelor’s degree in business administration, math, statistics, finance, economics, or a related field.
Earning Rate : $124,000 to $150,000 per year
2. Asset Manager
The operational and financial performance of all the REIT’s assets and properties is a major focus of the roles in asset management.
As an asset supervisor, you will work closely with the leaders of other departments, including finance, accounting, acquisitions, and real estate development.
Requirements: A bachelor’s degree in accounting, finance, real estate management, or a closely related discipline, is the bare minimum.
Most REIT asset managers start in the field as a part of the department of acquisitions or colleagues in property management, until they are elevated to the role of leader.
Earning Rate : $84,000 to $124,000 Per Year
3. Leasing Consultant
Leasing advisors for REITs assist clients or the business in finding leaseable properties that fit their demands and budgets.
The REITs will want your judgement on these assets since you will be knowledgeable about the market value of a certain city or state, the actual trends in the real estate market, the legal considerations involved in leasing, as well as fair prices for a particular sort of asset.
Requirements : A bachelor’s degree in business, psychology, real estate communications, or a closely related discipline is required.
Earning Rate : $96,000 – $147,000 Per Year
4. Property Manager
The duties of the REIT property manager include handling everything from rent collection to lease document compliance, property maintenance, handling security issues, and handling evictions, among other things.
Minimum qualifications include a high school diploma or GED and substantial real estate experience, or the equivalent of a bachelor’s degree in public administration, business administration, accounting, finance, or another related field.
Pay Range: $80,000 – $124,000 annually
5. Real Estate Attorney
For lawyers, this is a fantastic full- or part-time job. Attorneys for real estate strive to resolve a variety of disagreements around property ownership and transactions. The lawyers serve as mediators in all legal disputes involving real estate properties, including those involving title issuance, transfers, documentation, and other legal matters.
– A law-related bachelor’s degree
– A juris doctorate
– Success on the bar exam
Earning Potential: A real estate lawyer may expect to make about $119,000 per year.
6. Real Estate Analyst
Financial analysis is provided by real estate analysts to help finance, property purchase, marketing, and leasing. Based on monetary conditions, market trends, and other factors, they offer professional advise to real estate enterprises and other businesses.
Salary: In the United States, the projected total yearly pay for a real estate analyst is $88,839, with an average salary of $65,854.
7. Property Developer
Prerequisites : The base necessity is an expert’s recognition in land, or a MBA with an accentuation on land or a lone ranger’s level degree in business, the executives or designing, with an exhaustive involvement with land.
Compensation: $85,000 to $94,000/year
Property engineers have a fundamental impact to play in any land business project.
They are responsible to oversee project workers beginning to end , and working in the preparation and assessing of each and every subcontractor required on the development.
8. Land Property Appraiser
Prerequisites : An unhitched male’s capability from an endorsed college or school in any discipline is likewise required.
Compensation: $60,000 to $80,000/year
As appraisers for the land business you should compute the worth and apply.
9. REIT Investment Analysts
Investment analysts work alongside financial analysts in the finance department of REITs to make the most of the acquisition of assets and properties into real estate assets that can provide income.
They assess the asset’s financial features, perform a cost-benefit analysis, produce market analyses, and more to help decide whether it is viable for development, lease, or resale.
A bachelor’s degree in accounting, real estate business management, financial statistics, statistics, or a related field is necessary.
Salary: $100,000 – $120,000 yearly
FAQs On Best Paying Jobs In Real Estate Investment Trusts
How Does Real Estate Investment Trusts Works?
REITs are involved in the ownership and management of commercial real estate assets that provide revenue. These businesses are able to manage and finance any property with an income stream.
Office buildings, hotels, resorts, shopping malls, and warehouses may be among these properties. These commercial properties generate income for REITs. Additionally, they have the option of financing these properties and paying investors or shareholders dividends from the profits.
Additionally, a REIT may be linked to one industry or a number of them. As a result, these companies are permitted to own retail and commercial real estate, and the firm permits anyone to invest in these properties just like a stock.
How To Get A Job In Real Estate Investment Trusts
You may have concluded that REIT is a terrific location to start a career after taking a look at all these fantastic job possibilities.
You simply need to collect the necessary knowledge and abilities for the career role you want. Additionally, your career graph will automatically improve if you already have appropriate experience.
A bachelor’s degree in finance, management, or a similar discipline from a reputable university is required. Taking more classes could help you develop your skills.
Understanding the business and how REITs operate is perhaps the most crucial step in landing a job there. You can get started by learning from books or internet resources.
What Are The Benefits Of Working At REIT – Real Estate Investment Trusts.
The main benefit of getting a job with a REIT is the generous compensation. A project management or acquisition department job will pay well, and it will get better as you get more experience.
The commission-based salary structure is an additional choice. This applies to applicants seeking a position as a real estate agent in a REIT. If you are a great salesperson, the commissions from the deal can pay you well.
Finally, REIT companies provide a variety of employment options, including executive positions in the front or back offices. Through these alternatives, you can earn a consistent income.
Real estate is an incredibly dynamic and lucrative field, but those who work within it must have specialized skills and a great deal of experience. The most qualified professionals have what it takes to excel in these high-paying careers.
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