Table of Contents Hide
- How Many Jobs Are Available In Real Estate Investment Trusts- Career Opportunities With REITs
- How Many Jobs Are Available In Real Estate Investment Trusts -Different Career Outlooks
- How Many Jobs Are Available In Real Estate Investment Trusts – Different Types Of REITs
- Top Paying Jobs In REIT
When you ask the question of how many jobs are available in real estate investment trusts, according to just some employment websites, they have well over one thousand jobs available in real estate investment trusts listed at one time.
A real estate investment trust company operates and finances income-generating real estate. Real estate investment trusts were created in 1960 by Congress to provide all individuals with the chance to invest in real estate that would generate an income.
As you look at career opportunities, you will discover just how many jobs are available in real estate investment trusts and how you can match your skills to the area of the real estate industry that interests you.
How Many Jobs Are Available In Real Estate Investment Trusts- Career Opportunities With REITs
Real Estate Investment Trusts or REITs invest in just about all real estate property types which could include hotels, hospitals, apartment buildings, offices, retail centers, warehouses, and even cell towers. Before looking at the types of jobs available at REIT or Real Estate Investment Trusts, it is also a good idea to know how many jobs are available in real estate investment trusts and whether there is a steady career for you going into the future.
To know how many jobs are available in real estate investment trusts, it is always a good idea to find out what the best-paying jobs in REITs are. Maybe it’s leasing agents, broker jobs, salespeople, property managers, or something else?
The way it works is that the company pools the capital of investors, making it possible for individual investors not to have to buy or manage properties themselves but to earn dividends from these real estate investments. In other words, investors can rely on a steady income stream from Real Estate Investment Trusts.
How Many Jobs Are Available In Real Estate Investment Trusts -Different Career Outlooks
But if you want to work in real estate, how many Jobs are available in real estate investment trusts, and is it a good career path to be in? As already mentioned, REITs allow people to own part of a diversified real estate portfolio that is made up of residential and commercial leases and also construction projects.
There is a large market for this industry and within this enormous industry, there are quite a few different roles that one can take on, with different salaries and career opportunities.
Perhaps one of the more common positions within the industry includes the likes of accountants, property managers, and financial analysts. There are so many jobs that it is best to choose one and then look closer into the specific of the job.
How Many Jobs Are Available In Real Estate Investment Trusts – Different Types Of REITs
When you want to know how many jobs are available in real estate investment trusts, it is a good idea to understand that there are different types of REITs. You might have a mortgage REIT or an equity REIT.
As it is, some of these REITs invest directly in properties and in turn earn rental income and management fees while others invest in real estate debt such as mortgages. An equity REIT is the more traditional kind of real estate company. Its main business is to own physical properties. This kind of REIT is regarded as a full-stack firm and it does the property management itself and then hires a 3rd party to manage the assets.
A mortgage REIT however, does not invest in physical buildings but invests in mortgage-related assets which are a more finance-type of role. Asset REITs are similar to equity REIT but it holds assets in different commercial properties such as hospitals and retail shops. The assets depend on the investment company and their analysis report.
How many jobs are available in real estate investment trusts will depend on what particular job you want? Just like any company, a REIT has different job functions and there are different jobs and departments available with them.
Being a property manager is a popular choice of job in the REIT industry. These property managers oversee a property’s operations and are helpful for investors that do not live near their rental property or even for those who do not like dealing with tenants.
Some of their other responsibilities might be supervising building maintenance, perhaps doing some light handyman tasks around the place, advertising, leasing, and showing properties among others.
Their job is to spare the property owner a lot of hassles by taking care of the property in an efficient, professional manner. These property managers do not have to possess any particular degree but knowing about the property market, current rent and tenant retention can all be an asset.
How Many Jobs Are Available In Real Estate Investment Trusts?
How many jobs are available in real estate investment trusts is a question that many young people fresh out of school want to be answered. They want to know that it’s a steady kind of job.
Well, real estate, like many other businesses really, has its ups and downs. It is, after all, the economy that determines the demand for property, whether it be a new shopping center, hospital, or office space. Certainly, with population and economic growth, there is always going to be a demand for buildings to live and work in.
One thing is sure, real estate professionals work with a variety of clients and customers. Do you enjoy working with people? Being in the real estate industry will require you to work with small businesses, large retail corporations, and in fact, any institution that owns real estate, right down to regular home buyers.
There are many successful entrepreneurs that come into the real estate industry starting right at the bottom and who work themselves up to build huge real estate company’s.
Top Paying Jobs In REIT
Some of the best paying jobs in real estate investment trusts are in property management, development, asset management, and business research.
As far as how many jobs are available in real estate investment trusts, the answer certainly depends on the economic condition of the country.
There are different sectors of REIT but if the economy weakens, then of course you can expect the real estate market to slow down. Some jobs will always be available though as property needs to be managed regardless of the economy.
Also, when answering the question of how many jobs are available in real estate investment trusts, it all depends on the experience you want as well as the particular field you want to be in.
You may want to be a Leasing Consultant. This is a rental property specialist and you will be working a lot with tenants on behalf of landlords. It can be a very interesting job, especially if you enjoy looking at properties because that is exactly what most tenants want to do – view properties and understand exactly what the lease terms are.
Tenants can be difficult in their quest to find the right property and the leasing consultant will need good interpersonal skills. They will need to be able to sum the tenant up so that they can match the client to the right kinds of properties available.
Part of the job of a leasing consultant will be to manage all leases, to arrange for property viewings, to market rental listings, to execute new lease agreements, to negotiate lease terms with the landlord, to prepare all the paperwork, and also manage regulatory services, among others.
To do this kind of job, a leasing consultant will need a real estate license, have a good knowledge of rental regulation and compliance, have solid knowledge on rental agreements, show proficiency with property management software, and preferably have a bachelor’s degree, although this is not a necessity.
Buildings are full of job opportunities, from maintenance jobs to managing an entire portfolio of different buildings.
Facility management is one of the important career tracks for someone who likes the idea of maintaining and also improving buildings. It is not quite the same job as a property manager, although the two do have quite a few things in common, and one of these is keeping buildings secure and safe.
Responsibilities will vary though depending on the portfolio size of buildings. The facility manager is a representative of the owner of the real estate and has to think of things such as when to sell and how the expenses for a particular building compare to other buildings in the portfolio.
The facility manager is essentially a jack of all trades, but generally maintains buildings and therefore requires basic financing and accounting knowledge to fathom out when to suggest investments in infrastructure.
As time marches on, you can see that both the property- and facility manager can’t just sit back because these kinds of jobs require ongoing education. Certainly, someone in this line coming into the REIT industry requires a foundation of real estate management as well as completing a property administrator course. This is because you always need to be a well-rounded property manager or facility manager.
Real Estate Managing Broker
People are often inclined to think that this is the same job as being a real estate agent, but it is not. There is a difference between a broker and an agent. The broker is a licensed real estate professional who is qualified to manage a real estate office with many agents.
You have to have your wits about you to arrange real estate transactions and you have to be licensed to be organizing contracts and overseeing transactions for buying and selling property.
A real estate managing broker has a higher-level license than that of a real estate agent. In some states, you will find that every real estate professional is licensed as a broker, but even if you are licensed as an independent broker, you have to get another higher-level license to hire agents or even other brokers to work under you.
Brokers can’t be allowing agents who are not properly trained to be working for them as there can be quite a lot of risk involved and penalties. Because of the risks involved when you operate a brokerage, brokers have the responsibility of educating and also monitoring their agents.
Property Investment Strategist
If you want to invest in property, you will need some experts to work with you. These experts will include the likes of lawyers, accountants, property managers, property strategists, brokers, and others.
A Property Strategist can guide you through the selection and purchase of a property. They are experts when it comes to using their market analysis knowledge to identify areas and properties with the best opportunities. The property strategist’s job does not end there but they will also report back to you on the status of your investment and advise you on how to grow your portfolio of properties.
A good strategist always keeps up to date with trends in the market and knows how to identify opportunities to grow your portfolio. They are clued up in areas of consulting, sectional titles, property contracts, and the entire property sales process.
Some important functions of the Property Investment Strategist include, among others, helping property investors build their property portfolios, contracts, financial planning, dealing with high net worth clients, investments, selling new development properties to investors, and property sales.
Become Educated On Real Estate
Once you know how many jobs are available in real estate investment trusts you can proceed with confidence to get a job in this industry as there are many jobs to choose from.
The first step towards getting a job in real estate is becoming educated on the topic. You can’t possibly know how many jobs are available in real estate investment trusts and even whether you want to be in this field without knowing what is all involved.
One thing is for sure, and that is you would not ever get bored in this industry as the industry varies a lot and each job within the industry promises different hours and compensation.
There are always new trends and developments happening, and looking for an exciting career in REIT can certainly get you excited about your career prospects.