Topic: Listed salary would not qualify me to live in the city to manage the building I was interviewing for. She basically said, "Sorry about it, good luck."

Brandon Payton's Avatar Topic Author
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Just had an interview for a PM position in SF where average apartment rents are $3230. At 2.5x income ratio, you need a qualifying salary of at least $8075/mo, at 3x ratio $9690. Their offer was $27/hour with no housing, which equates to $4680/month. In explaining to the hiring manager that this salary would not qualify me to live in the city to manage the building, she basically said, "Sorry about it, good luck." This industry is so broken when companies cannot even pay their employees an actual living wage to even qualify for the properties they manage. #hiring #interview #multifamily #employment #livingwage #propertymanagement
Posted 2 weeks 1 day ago
Kirsten Rhody's Avatar
Kirsten Rhody
Totally agree with this!!! It’s unbelievable
Posted 2 weeks 1 day ago
Berlynn Baggs's Avatar
Berlynn Baggs
Wow $27 an hour for a PM? That’s absurd. I make more as an assistant manager. I hate this industry nowadays.
Posted 2 weeks 1 day ago
Jennifer Gregorzewski's Avatar
Jennifer Gregorzewski
The math ain’t mathinnnn that’s a shame that they’ll hire people that cannot afford to live at their own apartment complex lol
Posted 2 weeks 1 day ago
Karin Marquez C Ht's Avatar
Karin Marquez C Ht
They will never be able to keep or find good people. You are right.
Posted 2 weeks 1 day ago
Kevin Ortega's Avatar
Kevin Ortega
They expect you to find an "undisclosed" roommate situation which is probably what they deal with at the apartment complex and just choose to ignore because the money keeps rolling in.
Posted 2 weeks 1 day ago
Joseph Beesley's Avatar
Joseph Beesley
This is a broken system, and owners better get with the system quick. I’ve seen too many properties being horribly mismanaged because the the people who take the low end of the scale have absolutely no PM experience. And they wonder why they’re in a mess.
Posted 2 weeks 1 day ago
Sarah Johnson Brown's Avatar
Sarah Johnson Brown
This in a nutshell...i got a .47 raise in january but my rent is going up over $300
Posted 2 weeks 1 day ago
Rusty Fleming's Avatar
Rusty Fleming
Reminds me of what a speaker once said at a conference, "...the Fair comes around once a year and this ain't it". Rents are a function of occupancy and demand. There must be enough "households" in that market to support those rents. The industry teaches us that If you are 100% full then your rents are too cheap. It boils down to Supply and Demand. As for salaries, same issue. There must be enough willing/able to work for that salary or willing to commute.
Posted 2 weeks 1 day ago
Anonymous's Avatar
The thing is they want the cheapest labor and expect top notch quality so their profits increase , this industry is a joke , especially with the cost of gas now
Posted 2 weeks 1 day ago
Brenda Summers Davis's Avatar
Brenda Summers Davis
This is why you see so many complaining about the stress of the job. If they are not paying the employees their worth then u are constantly going thru employees. The maint people already know they can change jobs and get up to $5 or more increase in pay.
Posted 2 weeks 1 day ago
Linda Thompson Warburton's Avatar
Linda Thompson Warburton
I have never understood why a company or owner would pay the property manager so little - when they are entrusting this person to manage multi million dollars of real estate. We all know with a bad manager the damage can be done before anyone realizes it...
Posted 2 weeks 1 day ago
Stephanie Berger's Avatar
Stephanie Berger
I had to leave a job in LA years ago because I couldn’t afford the rent.
Posted 2 weeks 1 day ago
Brian Moore's Avatar
Brian Moore
They can pay. But profits are more important than people when they have to do their quarterly earnings report for the execs and shareholders.
Posted 2 weeks 1 day ago
Chet Oshiro's Avatar
Chet Oshiro
Sounds like that position will remain open for a long time
Posted 2 weeks 1 day ago
Lori Segura's Avatar
Lori Segura
Try hiring for maintenance position with 3 paid holidays a year, 40 hrs vacation after a years service, the expectation that you're on call 24/7 with an extra $5 day compensation for caring the emergency phone, being expected to respond at straight time wages until you reach 40 hrs worked, with only an hr minimum pay for the after hr call response, and a $250 rent credit after your 60 day probation. Granted it's a small 64 unit 2 year old community but that's like telling someone all they can do is be ready to work for as long as theyre employed. It's an impossible situation.
Posted 2 weeks 1 day ago
Debbie Turner Gallogly's Avatar
Debbie Turner Gallogly
It would have been so easy to offset the lack of salary by adding housing. I don't understand the mentality that would dismiss a good candidate without looking for compromises in order to add them to the team.
Posted 2 weeks 1 day ago
Brittany Rogers's Avatar
Brittany Rogers
Be the main ones complaining that we are short staff
Posted 2 weeks 1 day ago