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If you are looking for the best paying jobs in Real Estate Investment Trusts (REITs), you might also be wondering if it’s a good career path for you.
Real estate investment trusts provide many lucrative job opportunities and exciting career paths. And we have selected 15 of these financially rewarding jobs to help you land the right position.
Real estate is a booming industry and as a result, presents you with opportunities to make lots of money. But you have to know which job pays really well.
So this article has simplified everything for you to find the real estate investment job that’s right for you. But before we jump right in, what does Real Estate Investment Trust mean?
Related: Is Real Estate Investment Trusts a Good Career Path?
What are Real Estate Investment Trusts(REIT)?
Real Estate Investment Trusts, or REITs, are companies that manage and own real estate. They are responsible for various real estate assets such as hostels, warehouses, office buildings, and shopping malls.
REITs in the United States own approximately $3.5 trillion in assets. So these companies will generate income for the real estate properties, for which the investors must be compensated.
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15 Best Paying Jobs in REIT
1. Financial Analyst
A financial analyst is in charge of keeping track of a company’s stock prices and buying and selling shares as needed to maximize profits for the organization.
They may also examine different companies’ performance ratios. They forecast highs and lows to determine whether it is better to sell stocks during a bad month or to hold on until things improve.
This position requires someone with finance experience who analyzes data quickly and accurately.
In 2020, the median salary for Financial Analysts was $83,660. The highest-paid quarter earned $112,460 that year, while the lowest-paid quarter earned $63,670.
See also: How much can an Accounting Manager Make in 2023: Salary, Requirement & Job Roles
2. Real Estate Investors
Real estate investors’ responsibilities include purchasing properties and adding value before selling them at a higher price.
It is the most lucrative position in the industry. However, it necessitates patience, time, and the ability to succeed.
You must understand the best time to buy, the best place to buy, and the best time to sell.
Indeed, you must be well-versed in the market and aware of current trends. If this is the case for you, the following are some of the basic requirements you must be able to meet:
- Readiness to be willing to take a risk.
- Understand more about investing in real estate.
- Adopt different strategies for buying and selling various properties.
Average Real Estate Investor Salaries
- Rental property investing: $27,500 to $121,000
- Home flipping: $62,900 per flip, minus rehab costs
- Short-term rentals: $35,120 – $61,097
- Wholesaling: $21,500 – $98,500
3. Production Supervisor
A production supervisor is a mid-to upper-level manager who manages a team of employees who work in manufacturing. Also, they may work in a factory or in a smaller scale operation where their team members handcraft goods.
In either case, this entails supervising the workflow and all other aspects of managing employees on a shift for a well-organized company. This can range from hiring new employees to scheduling regular maintenance checks to ensure that machinery runs smoothly at all times.
The pay range for these jobs is determined by your level of experience and education and the specific job you hold. Some managers are paid less than $100,000 per year, while others are paid more than $200,000. High-level positions typically necessitate at least a bachelor’s degree.
4. Acquisition
An acquisition function in real estate is responsible for sourcing new investment opportunities and seeing the deal through to completion. So, if you are interested in acquisitions, you must be well-prepared because this type of job entails numbers.
To apply for this position, you must have prior experience in the capital markets, finance, marketing, or general business. So, an acquisition primarily comes from being an analyst and still earning around $80,000 per year.
5. Real Estate Agent
The role of real estate agents is to assist in purchasing and selling real estate. Real estate agents can work with either commercial or residential properties.
They deal in residential properties and act as a link between homeowners and buyers of residential properties. So they manage various residential properties, including condominiums, beach houses, and others. See real estate brokers below for lists of real estate agents’ salaries in the United States.
6. Construction Supervisor
Construction supervisors manage the entire construction process by communicating with clients, architects, building owners, project managers, subcontractors, and workers.
The salary typically ranges between $49,000 and $104,500, depending on experience level and level of responsibility, such as managing budgets or hiring crews.
Despite the fact that this position typically requires a bachelor’s degree, studies show that most construction managers and supervisors pay off their student loans each year, on average, $32,000.
7. Real Estate Lawyers
this is another great career in real estate and this person would be involved in advocating for tenant rights, providing law counsel or advice to clients on purchasing any real estate property, and so on. The standard salary range of the real estate attorney is approximately $127,877 to $162,518 annually
8. Property Analyst
This is one of the highest-paying jobs, with an annual salary of approximately $95,634. So a property analyst’s job description focuses on financial analysis, acquisition, and marketing for leasing a property.
Their professional advice is highly sought after by large firms and companies seeking to ensure the integrity and stability of their properties.
9. Marketing Manager
A marketing manager is in charge of the company’s advertising campaigns. This could include anything from raising brand awareness to converting customers and clients into long-term ones. Also, they will require less servicing or support in the future, allowing their department to focus its resources elsewhere.
Again, they collaborate with graphic designers, web developers, and other professionals in the same field. The annual salary range for this position is $80,000-$96,500.
These positions typically necessitate an advanced degree, such as a Master of Business Administration MBA. Certainly, Management skills are also advantageous because you may be held accountable for the mistakes or shortfalls of others as well as your own.
10. Relations Consultant
Many people want to work as relations consultants because REIT positions pay well. It is thought to be an excellent career path for those who are passionate about their work.
Their role is to communicate with inventors and identify potential projects.
Their responsibilities include communicating with stockholders, preparing investment reports, and organizing teams to hold meetings and workshops.
In the United States, the estimated total pay for a Consultant Relations is $97,598 per year, with an average salary of $75,630 per year.
11. Foreclosure Specialist
Foreclosure professionals are typically hired by large corporations such as banks to assist in the documentation of houses that need to be foreclosed.
The foreclosure specialist also reviews the client’s financial statements and attempts to suggest ways for the house to be resold at a higher value. So, a foreclosure specialist’s annual salary ranges from $36,206 to $51,580.
12. Real Estate Property Appraiser
This person is also known as a property valuer and is in charge of conducting research on a specific property and providing an estimated amount of money the property is worth.
The majority of these real estate appraisers are paid for their services by real estate companies, banks, and other private firms. So according to the Bureau of Labor Statistics, a real estate appraiser’s annual salary in 2021 was reported to be around $57,000.
13. Real Estate Brokers
A real estate broker helps facilitate the meeting of the asset buyer and seller. Brokers work on their own and are not affiliated with any brokerage firm. A broker can also establish their own brokerage firm and become their own boss.
How Much do Real Estate Agents & Real Estate Brokers Earn In the United States?
| State | Agent | Broker | +/- national average for agents | +/- national average for brokers |
|---|---|---|---|---|
| Alabama | $50,300.00 | $45,700.00 | +3% | -23% |
| Alaska | $76,610.00 | $66,560.00 | +57% | +11% |
| Arizona | $38,290.00 | $52,830.00 | -22% | -12% |
| Arkansas | $38,410.00 | $50,320.00 | -22% | -16% |
| California | $59,830.00 | $68,390.00 | +22% | +15% |
| Colorado | $71,880.00 | $63,110.00 | +47% | +6% |
| Connecticut | $66,260.00 | $91,871.00 | +35% | +54% |
| Delaware | $43,250.00 | $76,500.00 | -12% | +28% |
| Florida | $43,670.00 | $37,860.00 | -11% | -37% |
| Georgia | $47,610.00 | $64,290.00 | -3% | +8% |
| Hawaii | $63,850.00 | $58,110.00 | +30% | -3% |
| Idaho | $40,120.00 | $52,120.00 | -18% | -13% |
| Illinois | $30,270.00 | $29,860.00 | -38% | -50% |
| Indiana | $42,490.00 | $80,940.00 | -13% | +36% |
| Iowa | $46,790.00 | $91,122.00 | -4% | +53% |
| Kansas | $38,800.00 | $61,620.00 | -21% | +3% |
| Kentucky | $38,270.00 | $72,050.00 | -22% | +21% |
| Louisiana | $33,930.00 | $48,110.00 | -31% | -19% |
| Maine | $42,060.00 | $57,270.00 | -14% | -4% |
| Maryland | $42,140.00 | $69,540.00 | -14% | +16% |
| Massachusetts | $68,220.00 | $68,850.00 | +39% | +15% |
| Michigan | $53,460.00 | $79,730.00 | +9% | +34% |
| Minnesota | $39,470.00 | $407,808.00 | -19% | +583% |
| Mississippi | $45,110.00 | $84,875.00 | -8% | +42% |
| Missouri | $51,270.00 | $33,450.00 | +5% | -44% |
| Montana | $49,000.00 | $102,397.00 | 0% | +71% |
| Nebraska | $41,820.00 | $59,850.00 | -15% | 0% |
| Nevada | $65,350.00 | $79,360.00 | +34% | +33% |
| New Hampshire | $47,310.00 | $66,850.00 | -3% | +12% |
| New Jersey | $54,650.00 | $100,482.00 | +12% | +68% |
| New Mexico | $53,860.00 | $102,620.00 | +10% | +72% |
| New York | $93,100.00 | $80,350.00 | +90% | +35% |
| North Carolina | $39,520.00 | $59,820.00 | -19% | 0% |
| North Dakota | $60,950.00 | $142,806.00 | +25% | +139% |
| Ohio | $37,890.00 | $53,570.00 | -23% | -10% |
| Oklahoma | $40,330.00 | $31,440.00 | -18% | -47% |
| Oregon | $38,560.00 | $57,930.00 | -21% | -3% |
| Pennsylvania | $49,430.00 | $85,896.00 | +1% | +44% |
| Rhode Island | $49,230.00 | $97,301.00 | +1% | +63% |
| South Carolina | $40,880.00 | $62,010.00 | -16% | +4% |
| South Dakota | $59,290.00 | $39,270.00 | +21% | -34% |
| Tennessee | $43,820.00 | $75,992.00 | -10% | +27% |
| Texas | $61,720.00 | $72,460.00 | +26% | +21% |
| Utah | $53,600.00 | $48,200.00 | +10% | -19% |
| Vermont | $56,440.00 | $55,300.00 | +15% | -7% |
| Virginia | $49,060.00 | $61,030.00 | 0% | +2% |
| Washington | $58,350.00 | $60,560.00 | +19% | +1% |
| West Virginia | $46,580.00 | $86,314.00 | -5% | +45% |
| Wisconsin | $43,030.00 | $72,910.00 | -12% | +22% |
| Wyoming | $38,224.00 | $76,314.00 | -22% | +28% |
| National Average | $48,930.00 | $59,720.00 |
14. Home Inspectors
Home inspectors inspect properties for potential flaws or needed maintenance. They frequently provide estimates for expenditures and maintenance work to prospective home buyers or brokers.
The average annual salary is $53,134.
15. Leasing Consultant
The leasing consultant’s primary responsibility is to ensure that there are always tenants in the building. Also, this includes everything from creating promotional awareness to staying up to date on some of the most recent real estate market trends.
The leasing consultant job is lucrative, but it may take up most of your time. A leasing consultant can earn between $27,226 and $33,442 per year, depending on the company and sales in general.
Read also: Inventory Investment: Definition, Calculations, and All You Need To Know
What are the Top 10 Highest Paying Cities for REIT Analyst Jobs?
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| San Jose, CA | $100,016 | $8,335 | $1,923 | $48.08 |
| Oakland, CA | $98,878 | $8,240 | $1,901 | $47.54 |
| Tanaina, AK | $98,472 | $8,206 | $1,894 | $47.34 |
| Wasilla, AK | $98,471 | $8,206 | $1,894 | $47.34 |
| Hayward, CA | $96,807 | $8,067 | $1,862 | $46.54 |
| Jackson, WY | $96,704 | $8,059 | $1,860 | $46.49 |
| Norwalk, CT | $96,449 | $8,037 | $1,855 | $46.37 |
| Seattle, WA | $96,140 | $8,012 | $1,849 | $46.22 |
| Vallejo, CA | $96,117 | $8,010 | $1,848 | $46.21 |
| Concord, CA | $95,913 | $7,993 | $1,844 | $46.11 |
See also: Risk-Benefit Analysis: Definition, Cost, and Examples
How Much Does a REIT Analyst Make in the United States?
The average annual salary for a REIT Analyst in the United States is $82,448 as of April 2, 2022.
In case you need a quick salary calculator, that works out to about $39.64 per hour. This equates to $1,586 per week or $6,871 per month.
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What are the Types of Real Estate Investment Trust (REIT)?
1. Health Care REIT
Real estate investment trusts in health care invest in medical centers, hospitals, nursing homes, and clinics.
Most of all, this REIT represents a good investment opportunity because the health care sector is expected to grow in the future and they are in high demand.
2. Office REIT
A real estate investment trust (REIT) invests in, owns, and manages office buildings. Rent is how they make money.
Some concentrate on specific fixed markets, such as districts or suburban areas.
They include non-governmental organizations, technology companies, banks, and government agencies.
They are traded on public exchange markets, and investors can purchase them.
3. Mortgage REIT
Mortgage REITs lend money or acquire existing mortgages from home buyers.
They make money by charging interest on mortgage loans.
4. Equity REIT
Equity REITs invest in commercial and residential real estate, as well as industrial assets, office buildings, and hotels.
They manage, build, and sell real estate properties, and then distribute the profits to investors in the form of various dividends.
5. Hybrid REIT
A hybrid REIT is a real estate investment trust that integrates equity and mortgages.
Furthermore, they invest in mortgage loans or securities. Also, they get the benefits of both with less risk.
6. Residential REIT
Residential REITs own and operate rental apartment buildings, complexes, and other properties. They provide people with the opportunity to invest in real estate properties.
This REIT prefers to invest in larger urban areas. It is a thriving market.
Who can Invest in REIT?
REITs enable investors to invest in a variety of properties without having to manage them themselves.
In other words, they make it very easy for individuals with diverse financial portfolios to diversify their holdings without incurring the additional cost of property management.
Is Real Estate Investment Trust a Good Career Path?
Yes, real estate investment is a good career path for those with financial analysis skills and keen social cues. So with the right skills, you can thrive in this lucrative industry and enjoy the thrill, predictable and sometimes, unexpected investment drama that comes with it.
Conclusion
People always ask “can I get the best-paying jobs in a real estate investment trust(REIT)?”. Is real estate investment a good career path?” Well, the answer is yes. While real estate may deal with housing and different land properties, there are many other careers in this field.
The real estate industry is massive and rapidly expanding, with no signs of slowing down. Since their founding, REITs have grown to handle the money allocated to them by various investors.
This is a genuine investment with a real money-market value that will help you increase your net worth. So, if you want to buy a house, you can work as an appraiser, asset manager, agent, or attorney to earn the money you need.
So working for a REIT will provide you with the critical information you require to achieve your financial goals.
FAQs
Can you Get Rich Investing in REITs?
Over vast stretches of time, REITs have proven they can be a great source of income and market-beating returns.
What is the Highest Paying Job in Real Estate?
Real Estate Broker
What is the Average Rate of Return on a REIT?
On an annualized basis, this translates to an annualized average total return of about 9.6%. However, this includes both equity REITs and mortgage REITs.
How do Realtors Get rich?
There are two primary ways for real estate agents to get rich. The first way is to build a business with value that can be sold for an attractive price. The second way is to focus on converting commission income into wealth. I believe it’s important to do both at the same time.
Who is the Highest Paid Real Estate Agent?
Ben Caballero, is a current Guinness World Record title holder and No. 1-ranked real estate agent in the U.S.
FAQs
Can you get rich investing in REITs?
Over vast stretches of time REITs have proven they cannot just be a great source of income, but market-beating returns as well.
What is the highest paying job in real estate?
Real Estate Broker
What is the average rate of return on a REIT?
On an annualized basis, this translates to an annualized average total return of about 9.6%. However, this includes both equity REITs and mortgage REITs.
How do Realtors get rich?
There are two primary ways for real estate agents to get rich. The first way is to build a business with value that can be sold for an attractive price. The second way is to focus on converting commission income into wealth. I believe it’s important to do both at the same time.
Who is the highest paid real estate agent?
Ben Caballero, is a current Guinness World Record title holder and No. 1-ranked real estate agent in the U.S.
Reference
- ziprecruiter.com/-Reit Analyst Salary
- investopedia.com/-Investopedia
- vaned.com/-Real Estate Agent & Real Estate Broker Salary in All 50 States
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