Everybody wants a job that pays well. When deciding on a career path, it is always a good idea to know about the earning potential of the profession you are interested in. The best paying jobs in real estate investment trusts give you a good choice as there are many exciting, well-paying jobs associated with the real estate industry.
In the real estate industry, there are jobs for anyone who wants to develop and thrive for a long time. The good news is that there are jobs for those who have a high school diploma and for those who have studied at university. It is an industry in constant development and here you get challenges and learn new things every day. You can change roles several times during your career and become successful in the real estate industry.
There can be no doubt, however, that real estate is a challenging business that is going to require a lot of your time. It will also require quite a lot of knowledge and many times, if you want the best paying jobs in real estate investment trusts, it will require knowledge and talent.
Some of the positions you find will offer a salary while others may be based totally on commission. You have to decide which one will work best for you according to your expertise.
What is a REIT company?
REITs are companies that own or finance income-producing real estate. It can be anything really from housing to warehouses to commercial real estate. REITs, or real estate investment trusts are companies that also have to meet certain requirements to qualify as REITs so as to offer benefits to investors.
REIT-owned real estate is important to the United States economy and through the properties they own and finance, they are always going to need employees in all the different areas there are. Most of these REITs operate along with a simple business model – they lease space and then collect rent on their real estate. The company generates income in different ways and this is then paid out to shareholders in the form of dividends.
There are many types of trusts that essentially transfer an estate to an heir. It is an estate planning tool but with a real estate investment trust, this is an organization that owns as well as operates revenue-producing real estate. REITs have many different job functions and the best paying jobs in real estate investment trust can be fairly lucrative.
Best paying jobs in real estate investment trusts – A Real Estate Appraiser
Just for starters, being a Real Estate Appraiser can bring you a very good salary. These are the people that determine the value of a property. They will have to do research to find out about the history of the property and develop a property analysis that will be used to determine property tax amounts and loan value. The highest 10% of appraisers can earn about $107 000 in a year.
Best paying jobs in real estate investment trusts – Real Estate Agent
Another one of the best paying jobs in real estate investment trusts is a Real Estate Agent. The income of such a person is based essentially on commissions that they earn from sales and leases.
The amount of money that an agent can make will depend on the real estate agent’s area they find themselves in and also the housing market in the area. These Real estate agents represent people who are buying and selling houses.
As a real estate agent, you can choose to work in residential- or commercial property or even both if you like to be kept busy. The average real estate agent makes about $63 000 to as much as $115 000.
As you can see, nothing is set in stone with the salaries people can earn in a real estate investment trusts company and many factors will come into play to determine what your circumstances will be surrounding salary and perks.
Jobs can be full-time or a side hustle
Many people look to start a real estate investing job full times or even as a side hustle, as there are many many jobs to choose from, right down to being a tea maker or an office cleaner in a real estate investment office, There are thousands of people in the United States who look for jobs in the real estate industry as they love all it can offer. Apart from there being some of the best paying jobs in real estate investment trusts, there are lots of perks in this industry too, making it a thoroughly fulfilling and financially rewarding career to be in.
Check for jobs on the many popular job boards there are
When you start hunting for the best paying jobs in real estate investment trusts, there are many employment opportunities to be found with online searches. There are so many of these job boards as well as social media channels and networking groups where you can find information on all kinds of jobs.
Some of the more familiar places to look for a real estate investment job are on different job boards such as ZipRecruiter, Indeed, Hired, College Recruiter, LawJobs, and many others.
Does not matter what industry you are in, you always want to improve your chances when you are looking for a new job in the real estate investment industry. Always make sure that your resume is short, to the point, and professional.
A good move when looking for the best paying jobs in real estate investment trusts is to register with one of these employment sites where they send you alerts about incoming jobs that suit your profile. There are other ways to get jobs to such as signing up with freelance job sites.
Best paying jobs in real estate investment trusts – Real Estate Attorney
Look at the possibility of being a Real Estate Attorney. It can be a well-paying, exciting job as these professionals work with all the legalities behind property disputes. When there is a problem with the title, transfers, and documentation, the attorney’s job is to step in and settle disputes like this in an amicable way. These kinds of attorneys have graduated with a Bachelor’s degree and passed the bar exam. A Real Estate Attorney in the United States can earn about $152 000 but salary ranges can vary according to lots of factors.
If you are searching for a good career in the real estate field, it can be an excellent move This industry has a massive market and there are many different jobs that one can start and where you can expect a range of compensation opportunities depending on the particular job choice you make.
If you are interested in working with properties, there are some jobs you might want to consider –
- Leasing agent
- Leasing consultant
- Property manager
- Title examiner
- Lease administrator
- Commercial property manager
- Mortgage loan originator
There is the potential to earn a generous salary
This booming industry has some of the highest paying jobs and you have the potential to earn a generous salary. Opportunities in the real estate industry are varied with plenty of exciting roles in a competitive industry.
So, being a property manager is not regarded as one of the best paying jobs in real estate investment trusts as they get about $88,000 a year to about $100 000 `but for many people, they are willing to receive a ‘lesser’ salary because they enjoy what the job entails.
One of the highest paid jobs in the real estate sector is real estate management – running a real estate property, whether it be commercial or residential buildings. Property managers maintain an entire portfolio of properties. The job as a property manager means that you have the overall responsibility for one or more properties. The work includes developing, refining, and preserving the properties, developing the property’s finances according to the goals that have been set, and ensuring that customers are satisfied. Working as a property manager means that you have daily contact with the tenants and can also involve supervisor responsibilities.
They also go under the name of real estate portfolio manager, asset manager, and real estate director. As a real estate manager, your job may include collecting rent, leasing space in a building, or something else, as these busy people have to wear many hats so that they have their fingers in many aspects of managing a property. Being a successful property manager will require having a number of skills to tackle all these jobs. These will include property management skills such as being able to hire the best, most reputable people to repair and maintain buildings. The property manager will also need basic accounting skills and marketing and sales skills. This is because a job in this field will require the likes of advertising property when space in certain buildings becomes available.
Another exciting job to be in and which is considered to be one of the best paying jobs in real estate investment trusts is a Property Developer. They have to identify opportunities in the property market by improving the state of a property. By doing this they increase the property’s market value.
Other responsibilities for the property developer will be to research land and looking out for good property opportunities. The property developer will work with people such as architects. You can do this job as a full-time career but it can also be part of another job. A property developer can earn anything between $85 000 and $145 000 a year.
Another popular job in real estate investing but which is not regarded as one of the best paying jobs in real estate investment trusts is a Property Analyst. It is not just anyone who can be a property analyst and you will need to have a head for figures and be computer literate as well.
You will be earning in the region $65,000 a year. You will need a bachelor’s degree for this job. Real estate analysts will be tackling commercial sales and analyzing current market trends to forecast how properties will be coping in the near future.
They communicate with buyers and sellers, traveling to property sites and holding meetings with these buyers and sellers. For those analysts who want to become a real estate broker, they will require licensure.
Working as a broker in the real estate investment industry can also be pretty lucrative and one of the best paying jobs in real estate investment trusts. People looking at this as a job career will need to note that there is a big difference between being a real estate agent and a real estate broker.
A broker is a licensed professional who has gone as far as attending real estate classes and then passed a real estate licensing exam. The knowledge and qualifications entitle them to work independently or they can have some real estate agents working with them.
Many real estate brokers have gone on to study further and are qualified then to manage an office with a number of agents. Once again, as with most jobs in the real estate investment industry, a broker’s salary is not set in stone, but they can easily earn a 6-figure salary.
Just some of their duties will include, among others, selling the real estate owned by individuals and companies, knowing all the laws and real estate procedures, and staying up to date with economic and housing market news. These brokers also act as an intermediary between sellers and buyers and they will be the ones that close a deal on the real estate property.
Hectic, time-consuming, and lucrative
Taking on real estate investment work is not a passive, take-it-easy kind of lifestyle. Real estate is a massive industry and there are many exciting jobs to choose from. You will find some of the best paying jobs in real estate investment trusts as seen above and the many people getting into the business usually have a certain career choice in mind. With some of the best paying jobs in real estate investment trusts, it can get hectically busy and time-consuming but that is what most people love about, and then, of course, the good salary you get as well is just the cherry on the top.