How much does a Residential Property Manager I make hourly in the United States? The average hourly wage for a Residential Property Manager I in the United States is $35 as of February 26, 2024, but the range typically falls between $31 and $39. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Residential Property Manager I Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Residential Property Manager I Salary $28 US February 26, 2024
25th Percentile Residential Property Manager I Salary $31 US February 26, 2024
50th Percentile Residential Property Manager I Salary $35 US February 26, 2024
75th Percentile Residential Property Manager I Salary $39 US February 26, 2024
90th Percentile Residential Property Manager I Salary $44 US February 26, 2024
25% $31 10% $28 90% $44 75% $39 $35 50%(Median) Didn’t find job title? Click
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What skills does a Residential Property Manager I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Health Care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.

3.

Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.

Customer Service 6.26%
Health Care 2.21%
Billing 1.57%
Others 89.96%

Job Description for Residential Property Manager I

Residential Property Manager I manages the daily operations of one or more residential properties or communities. Oversees sales/leasing, tenant relations, maintenance, and other support activities. Being a Residential Property Manager I may be responsible for managing property budgets, collections and/or property improvement initiatives. May require a bachelor's degree in related area. Additionally, Residential Property Manager I typically reports to a head of a unit/department. The Residential Property Manager I supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Residential Property Manager I typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)... View full job description

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Career Path for Residential Property Manager I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Residential Property Manager I, the first career path typically starts with a Commercial Property Manager II position, and then Commercial Property Manager III.

The second career path typically starts with a Property Manager position, and then progresses to Property Manager, Senior.

Additionally, the third career path typically starts with a Residential Property Manager II position, and then progresses to Residential Property Manager III.

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Residential Property Manager I salary varies from city to city. Compared with national average salary of Residential Property Manager I, the highest Residential Property Manager I salary is in San Francisco, CA, where the Residential Property Manager I salary is 25.0% above. The lowest Residential Property Manager I salary is in Miami, FL, where the Residential Property Manager I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total hourly compensation opportunity for a Residential Property Manager I, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
31
39
35

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
34
47
39
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Residential Property Manager I in the United States. The average hourly rate for Residential Property Manager I ranges from $31 to $39 with the average hourly pay of $35. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $34 to $47 with the average total hourly cash compensation of $39.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

31
39

 

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Skills associated with Residential Property Manager I: Lease and Property Management, Real Estate Management, Property Management, Maintenance Management

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Residential Property Manager I Salary in United States
Residential Property Manager I Salary Graph, Regional Distribution and Summary