Real Estate Investment Trusts (REITs) allow individuals to purchase shares in real estate investments, offering an attractive return on their investments. REITs offer investors access to a diversified portfolio of properties and the opportunity to benefit from significant tax advantages. As such, professional management positions typically found within REITs often come with competitive salaries, making them a desirable option for those looking to enter the real estate market. In this article, we will explore some of the best-paying jobs in real estate investment trusts and offer advice on landing one of these positions.
Introduction of Real Estate Investment Trusts
(REITs)Real Estate Investment Trusts (REITs) allow individuals to access the benefits of investing in real estate without purchasing and managing physical properties. REITs are typically organized as corporations, with shares. That are sold to investors on public exchanges or offered through private placements.
REITs provide a way for individuals to access the real estate market and generate investment returns. Real Estate Investment Trusts are also popular with institutional investors, as they offer diversification benefits and yield attractive income streams. With REITs, investors can access exposure to various real estates assets such as commercial office buildings, apartments, hotels, shopping centers, and industrial warehouses.
Additionally, REITs often provide investors access to financing and leverage options that may not be available through other real estate investments. REITs have become increasingly popular over the past decade as they offer investors an attractive combination of liquidity, diversification benefits, and income potential.
How To Land On Best-Paying Jobs in Real Estate Investment Trusts?
Landing a high-paying position in REITs typically requires specialized experience and knowledge. Most positions require prior experience or education in real estate, finance, or accounting. Additionally, pursuing higher-level positions may need an MBA or similar degree. Strong interpersonal skills are also essential for success within these roles, as many involve extensive client contact and negotiations.
Additionally, employers will be looking for strong problem-solving skills and the ability to think creatively and analytically. Finally, deeply understanding the REIT market and its rules and regulations is important. These factors combined will help you stand out from the crowd. And increase your chances of landing a high-paying position in REITs.
1. Asset Management
When you’re looking for a high-paying job in real estate investment trusts (REITs), asset management is the place to be. Asset managers are responsible for the day-to-day operations of a REIT, making sure that the company’s assets are well-managed and generating returns for shareholders.
The average salary for an asset manager is $116,000, but with experience and a proven track record, you could easily make six figures. And with the current state of the real estate market, now is a great time to get into this field. So if you’re interested in making some serious money in real estate, asset management is the career for you.
2. Acquisitions and Development
Now that we’ve covered some of the best-paying jobs in real estate investment trusts. Let’s look at some of the responsibilities associated with those positions.
The Acquisitions and Development team is responsible for finding new properties to purchase and develop. They work with brokers and sellers to identify potential deals, then negotiate the purchase agreement’s terms. Once the property is purchased, they oversee the development process to ensure it meets the company’s standards.
As a leasing agent, you’ll be responsible for finding tenants for commercial and industrial properties. This involves showing properties to prospective tenants, negotiating leases, and preparing lease documentation.
Leasing agents typically work for real estate firms but may also work for property management companies or be self-employed. To be successful in this role, you’ll need to be knowledgeable about the local real estate market and have strong negotiation and customer service skills.
4. Property Management
You might not know this, but property management is one of the best-paying jobs in the real estate industry. And it’s not just because you get to control and oversee a property—it’s also because you’re usually working with high-net-worth individuals and big institutional investors.
As a property manager, you’ll be responsible for everything from finding. And screening tenants to collecting rent to handling maintenance and repair issues. And while it can be a lot of work, it can also be very rewarding—especially if you’re good at it.
So if you’re thinking about a career in real estate, property management is worth considering.
You might not think of construction as a “sexy” job, but it pays pretty well—especially if you’re working in the real estate industry.
Construction workers in real estate investment trusts make an average salary of $85,000. And the top 10% make more than $124,000. So if you’re good with your hands and don’t mind getting dirty, this could be your job.
Of course, like any job in the real estate industry, there are some downsides. Construction work can be physically demanding, and the hours can be long and irregular. But if you’re up for the challenge, it can be a great way to make some good money.
6. Accounting and Finance
You might be surprised to learn that one of the best-paying jobs in the real estate industry is accounting and finance. The median salary for this position is $84,580, and the top earners make upwards of $145,000.
So, what does an accountant or financial analyst do in a real estate investment trust? They are responsible for keeping track of the trust’s finances and making sure that everything is on board. They may also be involved in forecasting future income and expenses and preparing financial reports for shareholders.
If you’re good with numbers and have a head for business, a job in accounting or finance might be the perfect fit.
7. Human Resources
You might not think of Human Resources as a particularly “glamorous” job, but it pays quite well in real estate investment trusts.
The median salary for a human resources manager in a real estate investment trust is $98,000, and the top earners can make upwards of $140,000.
So what does a human resources manager in a real estate investment trust do? Well, they manage the recruitment and selection of employees, as well as oversee the training and development of staff. They also handle things like employee benefits and relations.
In other words, they’re responsible for ensuring that the people working in a real estate investment trust are happy and productive. And that’s no small task!
8. Information Technology
You might not think of information technology (IT) as a field that would be in high demand in the real estate industry, but you’d be surprised. With the rise of new technology, real estate companies are looking for IT professionals to help them with everything from website design and development to cybersecurity.
IT professionals with experience in the real estate industry can expect to earn a pretty penny. According to Glassdoor, the average salary for an IT manager at a real estate company is $85,000 annually. And if you have experience with big data or analytics, you could be looking at an even higher salary.
9. Sales and Marketing
You might think buying and selling property is the only way to make money in real estate investment trusts. But there are many ways to make money in this industry, including sales and marketing.
Real estate investment trusts’ sales and marketing professionals typically focus on generating new leads and converting those leads into sales. And they do this by coming up with creative marketing campaigns, researching the best leads, and creating presentations that will close the deal.
If you’re good at sales and marketing, then you could be making a pretty penny in this industry. In fact, some of the top sales and marketing professionals in real estate investment trusts make well over six figures a year.