Best Paying Jobs in Real Estate Investment Trusts

Published on
 
October 14, 2022
Best Paying Jobs in Real Estate Investment Trusts

Real estate investment trusts are increasing in popularity, making more real estate jobs available. If you're interested in a real estate position, you might wonder what the best paying jobs in real estate investment trusts are, and we've compiled a list for you below.

What Are Real Estate Invest Trust Companies?

Real estate investment trust companies own, operate, and manage commercial real estate properties. Their diverse portfolio may include hotels, shopping malls, medical facilities, and apartment complexes. Some real estate investment trusts also offer financing for commercial property.

These companies use the funds from investors to buy, build, and manage the companies and pay shareholders 90% of their profits. Real estate investment trust companies are a great way for everyday investors to invest in real estate without owning the properties themselves.

Different Types of REIT Companies

REIT companies can invest in a large number of assets, all centering around commercial real estate, including:

  • Equity REITs - These REITs invest in the equity of residential and commercial real estate, such as apartment complexes, hotels, resorts, shopping malls, medical facilities, and office buildings.
  • Debt REITs - Some REITs invest in the debt side of real estate, providing the funds for developers and investors to build and maintain real estate. The earnings come from interest on the mortgage loan.

What Are the Benefits of Working in Investment Real Estate Jobs?

Working in real estate investment trust jobs is a great way to put your skills to good use and work your way up the ladder. Whether you have a college degree in real estate, finance, or business, or you're just starting in real estate, there are opportunities for everyone.

Working in real estate can be hard work but also rewarding. Working in a REIT, you're working to help your investors get a good return on their investment. Because there are so many aspects of owning, managing, acquiring, and selling real estate, the job opportunities are endless, so there's little risk of burning out in your job.

How Does Someone Find a Job in a REIT Company?

REITs are constantly looking for new talent to bring into their workforce. Finding a job with a REIT company requires you to look for jobs online on sites like Indeed, apply, and showcase your real estate experience to get the interview. Even if you don't have much real estate experience, proving that you have analytical skills, business sense, and motivation to succeed may be all you need to get your foot in the door with a REIT company.

A degree isn't always necessary to get the best paying jobs in real estate investment trusts, but you must prove you have the experience to succeed.

Examples of the Best Paying Jobs in Real Estate Investment Trusts

Broker

A real estate broker is one step up from a real estate agent. Many start as real estate agents but then get their broker's license to own their own company or employ real estate agents themselves. Real estate brokers help clients buy, sell, and lease properties, earning a commission for each transaction.

Pay

Commercial real estate brokers average $56,661 to $83,775 annually.

Credentials and Skills

Real estate brokers don't need a college degree but must be licensed as real estate agents and have a broker's license. In addition, brokers must have great communication skills, business sense, negotiating skills, and be able to multitask.

Pros and Cons

Real estate brokers benefit from working for themselves, trying their hand at many different tasks, and employing others in the real estate investment industry. The downside is that there is a lot of risk in running your own real estate business, and you take on all the liability of having agents work under you.

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Developer

Real estate developers buy land and improve it by building properties like retail, office, or medical facilities. The developer's job requires ample funds to buy the land and build on it.

Developers start with raw land and see the development through to the finished product, which may include staging the home or business to sell it for a profit. Finally, developers oversee the entire construction process.

Pay

The average real estate developer makes $97,550 per year.

Credentials and Skills

Anyone with real estate experience and the desire to succeed can be a real estate developer. The key is having access to enough funds to buy, build, and maintain the property to make it attractive enough to sell.

Pros and Cons

Like most real estate careers, the developer's role depends significantly on supply and demand, interest rates, and the economy as a whole. If the market is bad, developers won't succeed, but when it's good, they can do well.

Attorney

Real estate attorneys represent buyers and sellers in real estate transactions. They also help solve disputes about ownership, title issues, and other real estate issues. In addition, real estate attorneys may settle grievances or oversee the real estate process to ensure their client (buyer or seller) is adequately represented in the transaction.

Pay

Real estate attorneys work hard, but the pay is high, with an average salary of $136,983 to $174,031 per year.

Credentials and Skills

Attorneys must attend law school and pass the Bar Exam. It can take many years to reach this achievement, but it's one of the highest-paying jobs in real estate.

Pros and Cons

A real estate attorney is one of the highest-paying jobs, so that's always a benefit. They also have the opportunity to work their way into a partnership, which pays even more. However, the job is highly stressful, and in most states, continuing education is required.

Agent

Real estate agents can represent buyers and sellers in real estate transactions. For example, a buyer's agent helps buyers locate potential properties, view them, and make offers, and a seller's agent helps sellers stage their property, price it, market it, and sell it.

Pay

The average real estate agent makes $93,406 annually.

Credentials and Skills

Real estate agents don't need a college degree but must have a real estate license and good business sense. In addition, agents must be able to multitask and deal with high-stress situations.

Pros and Cons

Real estate agents have flexible schedules, and no two days look the same. However, with the flexible schedule comes long days and nights with untraditional hours and the need to be at your client's beck and call.

Analyst

REIT analysts play an essential role in REITs. They analyze all aspects of a real estate investment to determine if it's a good fit for the portfolio. In addition, they deal with real estate market trends and projections, review financial documents, and underwrite the risk of any investment opportunity.

Pay

A real estate investment trust analyst makes an average of $76,519 - $108,515 a year.

Credentials and Skills

Real estate investment trust analysts need a bachelor's degree in finance, economics, or something similar. In addition, you must be analytical and be able to underwrite and understand various aspects of real estate investments.

Pros and Cons

The nice thing about the real estate investment trust analyst position is the job has many aspects and variations, so it's hard to get bored. The downside, however, is the job is very high-stress as everyone in the REIT relies on your information.

Investor

Real estate investors in a REIT are responsible for finding the right properties, buying and improving them, to sell for a profit. The key to success is knowing when to buy and sell for maximum profits.

Pay

Real estate investors make a high salary averaging $119,731 per year.

Credentials and Skills

Real estate investors don't need a formal education, but to s need experience in the real estate industry.

Pros and Cons

Real estate investors make a lot of money, but the job comes with stress and risks. A real estate investor often makes difficult decisions, but the job itself never looks the same and rarely gets boring.

Appraiser

The real estate property appraiser is an integral part of the real estate process. The appraiser's job is to determine a property's fair market value to ensure it's a good purchase before adding it to the REIT.

Pay

Real estate property appraisers make an average of $57,301 annually.

Credentials and Skills

Real estate appraisers need a college degree and a solid background in real estate. You must be licensed to be an appraiser too.

Pros and Cons

Real estate appraisers have a fun job that looks different every day. If you love driving, seeing homes, and working with numbers, it's a great job for you. However, working as an appraiser has a lot of tight deadlines and can be high-stress, especially if you don't get the value for a home an investor needs.

Asset Management

Asset management handles the portfolio itself, including its operation and financial information. The real estate assets manager's job is to look after the investments to ensure everything is done to enhance them. Asset management works closely with accounting, development, and finance departments.

Pay

The average pay for asset managers is $99,778 annually.

Credentials and Skills

Asset managers need at least a bachelor's degree in financial management, but they'll also need 10+ years of experience if they want to work up the ladder.

Pros and Cons

Asset managers have the benefit of being in charge of the entire asset. It's a privilege to be in this role, but with privilege comes risk and stress, so there are good and bad sides to the important position.

Property Management

Property management is in charge of screening, choosing, and overseeing tenants, maintaining properties, and handling the day-to-day activities regarding the properties. Therefore, they are always on call and responsible for maintaining the tenants' happiness.

Pay

The average salary for a real estate property manager is $70,026 annually.

Credentials and Skills

Property managers don't need a college degree, but you must understand commercial real estate and how it works.

Pros and Cons

Property managers work hard, but the job never gets boring. It can be tiring to be on call 24/7, but you get the pleasure of ensuring everything goes smoothly with the investments.

The Bottom Line

The best paying jobs in real estate investment trusts offer many employment opportunities. If you're looking for the best paying jobs in real estate investment trusts, make sure you have excellent business, analytical, and real estate skills to make the most out of your career. Learn more by signing up and visiting our blog.

 

Disclaimer

This information is educational, and is not an offer to sell or a solicitation of an offer to buy any security which can only be made through official documents such as a private placement memorandum or a prospectus. This information is not a recommendation to buy, hold, or sell an investment or financial product, or take any action. This information is neither individualized nor a research report, and must not serve as the basis for any investment decision. All investments involve risk, including the possible loss of capital. Past performance does not guarantee future results or returns. Neither Concreit nor any of its affiliates provides tax advice or investment recommendations and do not represent in any manner that the outcomes described herein or on the Site will result in any particular investment or tax consequence.Before making decisions with legal, tax, or accounting effects, you should consult appropriate professionals. Information is from sources deemed reliable on the date of publication, but Concreit does not guarantee its accuracy.

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