Last Updated: November 2023
The world of rental real estate is vast, and so are the job opportunities for those interested in pursuing a career in the field. Rental real estate job opportunities range the full spectrum of real estate including sales and leasing, administrative, managerial, professional, construction, and more. Below we take a look at several of the major categories of jobs available in the rental real estate industry.
Property Management Jobs
Rental property management jobs have become increasingly popular over the last decade. This career path caters to individuals who enjoy a very diverse day of real estate oversight. Pursuing a career in property management requires strong organizational, communication and technical skills. Property management as an industry on its own is overall very stable, as there is always a perpetual need for people to manage rental properties regardless of economic conditions.
Construction jobs related to rental properties are an important source of jobs in the real estate sector. Jobs in this area of real estate can range from in-field contractors and tradespeople ,to office-based engineers and project managers. Skilled laborers and tradespeople can build and maintain existing rental properties, but they can also help create new ones by renovating existing rental unit buildings or constructing new ones.
Real Estate Sales & Marketing Jobs
Real estate sales and marketing jobs can not only be one of the more exciting job sectors of real estate, but also the most lucrative. The most common jobs in real estate related sales and marketing are real estate agents and leasing agents. Like most sales jobs, they are typically commission based, but the high-dollar values of rental real estate properties, make job compensation proportionately high as well for top earners.
Real Estate Finance Jobs
Rental property finance jobs can be great opportunities for those who enjoy understanding how real estate financial transactions and economics work. Jobs in this area of real estate can range from corporate back-office analysis, to in-person loan consultations. Real estate finance jobs are also a great way of becoming knowledgeable about the investment banking sector since it involves staying up to date with pertinent changes in the industry.
Real Estate Law Jobs
Careers in the area of real estate law are professional paths that take a deep dive into the legal aspects of owning and operating rental properties. The most common type of real estate law jobs are Lawyers and Paralegals. They are employed by real estate law firms typically undertake a wide variety of duties, ranging from evaluating and drafting contracts to litigating disputes that may arise.
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What are the Highest Paying Jobs in Real Estate?
There are several high-paying jobs in the real estate sector. However, keep in mind that the pay scale can vary widely depending on factors like location, experience, the state of the housing market, and your network of contacts. Top high-paying jobs in the real estate sector include:
- Real Estate Developers, who orchestrate property development projects and take the largest profit share.
- Commercial Real Estate Agents, who assist businesses in securing profitable locations, can also earn substantial incomes.
- Real Estate Attorneys, handling legal issues related to real estate, are well-compensated.
- Real Estate Brokers, especially those owning brokerages, earn more than regular agents due to their additional training and licenses.
- Real Estate Investment Bankers, dealing with the buying, selling, and trading of real estate properties for companies and investors, typically have high earnings.
Keep in mind that high-paying positions often require a significant amount of experience, education, or specialized skills. Also, the real estate market can be volatile, and income can depend heavily on economic conditions.
What Jobs Can You Do With a Real Estate License?
A real estate license opens up several career paths. The most common is becoming a Real Estate Sales Agent, where you assist clients in buying, selling, or renting properties. You can also work as a Real Estate Broker, operating your own real estate business or brokerage, once you have gained sufficient experience and further certification. Another option is to become a Property Manager, overseeing the operation, maintenance, and leasing of properties. Finally, you could work as a Real Estate Appraiser, evaluating property values for sales, loans, and tax purposes.
What Rental Real Estate Jobs Provide Housing?
Several rental real estate jobs provide housing as part of their compensation. As a Property Manager, especially for larger residential properties or apartment complexes, you may be offered an apartment as part of your pay. On-site Leasing Agents, who show apartments or homes to potential renters, might also receive housing. Resident Managers, a subset of property management, live on-site to handle emergencies and perform minor maintenance, often receiving free or discounted housing. Lastly, jobs in vacation property management sometimes provide housing, especially in tourist areas where the manager needs to be available to handle issues promptly.
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