TOPIC: Re:Leasing Agent Compensation

Re:Leasing Agent Compensation 9 years 3 months ago #9222

I make 9.50 an hour, no bonuses. I am trying to get into a better job but am still relatively new to the industry so took this position to learn; however, this position is always a 9.50 an hour pay with bonuses after 1.5 years.

Any suggestions on increasing my job chances? I live in Houston by the way,
  • Marinechick44
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Re:Leasing Agent Compensation 9 years 3 months ago #9228

Sounds to me like your an employee of a large apartment complex, a leasing agent, possibly one of several employees working there.

My advice would be to dump that job and become a full charge manager of a smaller property. Why? Because since you are the one in charge, you are going to have the maintenance work, the painting, and the lawn, carpet cleaning and pest control and anything else you can get them to contract you for. You will make probably not even as much as you currently are on the "office", but you will find the lawn, painting and maintenance to far outdo the office. Now if this is subsidized or tax credit paperwork, you will have a problem, as this is highly time consuming. That paperwork would cut you away from the paint jobs and lawn work, and the other things that actually pay some kind of livable wage in the apartment business.
To be honest with you, getting the keys to a property all of your own is the only way your ever going to make up pay difference. Your property management company is going to write a lot of checks during a month on your property, and you want your name on as many of them as you can.
The reason you are making $9.50 an hour now, is so the owner, property management company, and managing agents can make $100,000 a year. Also insist that your getting the free apartment and utilities as an on site manager. I can smell $3,000 a month that way!!!!
Good Luck

Leasing Agent Compensation 8 years 9 months ago #10803

Is a leasing agent required to compensate a maintenance man upon a lease signing?
  • Lease Pro
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Leasing Agent Compensation 8 years 8 months ago #10989

Any agreement for compensation should be in writing to be binding. Check your documents!
  • Realtor in CT
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Leasing Agent Compensation 8 years 2 months ago #12123

Wow I get 13.25 an hour. We have 269 units some are public housing and some others are tax credit/market rate apartments. I get no commissions. I do interviews, process all my move ins, full recertiications, rent calculations, inspections, intermittent recertifications, answer phones, attend to walk ins, take work orders, check voicemails, take applications, run background checks, send out alarm installation system, purge and keep track of my waiting list, give tours, and so much more. I'm I getting enough money for all that I do? :dry:
  • Anonymous
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Leasing Agent Compensation 8 years 1 month ago #12298

Im 21, Just promoted from Porter/Maintenance/Punch within 7 months to Leasing agent 341 Unit community, 2 story buildings with stair case once you open your doors, mail keyosks at the front office instead of small building with little protection from rain.. $14/hour. commission $50 per lease bonus. $75 per renewal split between full time staff. also, Ive been marketing our business as well as others to receive meals in place for our staff to add food/renters insur./etc.. to leases for the new tenants to purchase from the restaurants/ buy their insurance/ and even branch out for Fitness/etc.. Do yall have any other ideas? Also, are there any tax credits for leasing certifications?
Yardi, Blue moon, First response, Fair housing, etc..?
Thank you,

Jesse H.
  • Jesse H
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Leasing Agent Compensation 8 years 1 month ago #12299

Hi Jesse,
I'm not sure what you are asking for. Are you asking for feedback on your salary rate, ways to market your community, or certifications for different types of property management education?

Can you clarify?

Leasing Agent Compensation 8 years 1 month ago #12303

I lease in Asheville, NC and do not receive any commission/bonuses. My hourly rate is $14 (slightly above the local average of $12). I am what is sometimes referred to as a "leasing star" by our management, but just means that on a lease up i average 10+ leases per week, and on leased properties I maintain an average occupancy of over 97% through leases and renewals. I feel like I may be under compensated for my contributions and ability. What do you think? Am I just being greedy or should I be seeking more?
  • Asheville Consultant
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Leasing Agent Compensation 7 years 9 months ago #13073

I'm in Chicago working as an independent Leasing Agent. It's 100% commission at 75% commission -$15 each deal for errors and omissions. the average rental is $1,000. I have access to thousands of apartments throughout the city and suburbs so I'm not confined to one location and type of client. I help everyone find something. Each deal on average I make $735
  • Chi-Town finest
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Leasing Agent Compensation 7 years 9 months ago #13115

I work in Atlanta. I have 18 months of leasing experience I make $13/hour plus 1% of every lease. Our apartment homes market rent ranges$1,035-$1,520. During our slower months our apartments range from &850-1,420. I work 4 days out the week and made 38k this past year...
  • KP
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