Real estate investment trusts (REITs) are companies that have become popular investment opportunities. These companies grow as the real estate industry grows. Therefore, the number of individuals associated with REIT companies is increasing, paving the way for employment opportunities.
If you're looking for a real estate job, REIT companies are one of the best places to start. You'll find lucrative jobs as a real estate investor, project developer, and property manager. With the right skills and experience, you can launch a successful career in this industry.
Curious about job opportunities? This article covers all the highest paying real estate mutual fund jobs. Let's begin!
How do real estate investment funds work?
Source:I'm looking for the alpha
REITs are involved in the management and ownership of income-generating real estate. These companies can also finance and operate any property that generates income.
These properties can include offices, hotels, resorts, malls and warehouses. REITs generate revenue from these commercial properties. You can also finance these properties and offer the proceeds as dividends to investors or shareholders.
Also, a REIT can be dedicated to a specific industry or to multiple industries. Therefore, these organizations may hold commercial and retail properties, and the Company allows anyone to invest in such properties, such as an equity investment.
These real estate companies have better liquidity than traditional real estate investment options. So if you're looking for recent dividend income and a great ROI, real estate investment organizations are a fantastic option.
A salient advantage of these investment firms is the opportunity they offer to retail investors. Because REITs have multiple properties under their control, smaller investors may have the opportunity to invest in a large real estate project.
The highest paying jobs at Real Estate Investment Trusts are:
- development
- acquisitions
- administrative property
- relationship with investors
- Sales and Marketing
These are described in detail below with their job profile in order to clarify their concept.
Sectors of real estate investment companies
The industry offers attractive investment opportunities and is labor intensive in dealing with customers and consumers. Therefore, the demand for employees is increasing day by day.
This is where you can earn money: apply for the right jobs and build a rewarding career.
But where to start? The next section deals with the various industries and job descriptions in REIT companies.
1. Development
This sector is associated with the development of new real estate projects and many people are involved. Contractors, engineers and project managers are involved in building the projects. There are also managers, clerks, construction managers and janitors who work on these projects.
Therefore, the development sector needs professionals to manage the day-to-day of the project. In addition, specialists can be involved in the financing strategies of real estate projects. Therefore, the best job in this field is that of a project developer.
Real estate project developer: job description
A real estate developer is responsible for buying or acquiring land and developing the properties on it. The property can be commercial or private.
To increase your chances of getting this job, you must meet the following requirements:
- You have a bachelor's degree in civil engineering, business administration or architecture
- You have excellent financial planning and project management skills.
- And have extensive knowledge of the real estate industry.
Good communication skills are also essential for this role, as you will be communicating with multiple stakeholders on a daily basis. This includes site engineers, marketing directors, contractors and builders.
2. Acquisitions
The acquisitions department of any real estate investment company is all about attracting and inviting new clients. Professionals working in this sector mainly develop strategies to attract investors. In addition, they also take care of these customers and ensure that the deal closes.
So this is a very popular industry for job hunting. Executives working here can advance to Senior Vice President with the right skills and experience.
If you can research REIT companies and investors, you may be a good candidate for the acquisitions department.
The most coveted job in this department is that of a real estate analyst.
REIT Analyst: Job Description
real estate investment analyststake care of financing, marketing and attracting investors for a specific project. It is a very reckless profile that requires a lot of management and communication skills.
Analysts study the current real estate market, predict trends and apply the right strategies to improve the deal. They help the company to make the right decisions to grow its business.
Some of the requirements for this role are:
- Extensive knowledge in real estate.
- know-how heuteIndustrial Trends
- Understand investment opportunities, micro and macro markets
- Analytical, communication and problem solving skills.
You must also understand the financial obligations and operations associated with these projects.
3. Property Management
The Property Management department takes care of all operations and daily activities of a specific real estate project. It includes administrative tasks, financial tasks, property maintenance and tenancy management.
This department may be present in these four areas:
- finance
- Sales and Marketing
- Risk management
- Tenant and occupancy management
The professionals associated with this department help the property owner to maximize ROI. Therefore, the department is concerned with setting an adequate budget. Based on that budget, the department could set rental rates.
All other administrative tasks related to facility management are carried out by the Property Management department.
The most important job in this sector or department is that of house manager.
Property manager - job profile
As a property manager, you must take over all property-related tasks. They need to ensure that investors receive the promised rates and that communication with them is transparent.
This job requires excellent management skills, problem-solving skills, and good communication tactics for dealing with multiple stakeholders.
A background in finance, law or administration will help you secure employment as a property manager. Your daily tasks may include:
- Oversee the plumbing, roofing, landscaping and electrical aspects of the property.
- Timely rent collection and processing of tenant requests
- Maintain tax records, government regulations and documents related to the property.
4. Investor Relations
This department is responsible for the communication and operation of the various REIT society stakeholders. The most important of these stakeholders are shareholders and investors. In addition, the department is responsible for dealing with all formalities with shareholders.
Professionals in this department may be involved in accounting management, business administration and legal aspects. In addition, department heads plan shareholder meetings and organize the relevant documents.
In short, the Investor Relations area manages the flow of communication between the company and the external public. Experts represent the company to investors.
The most sought-after job description in the investor relations field is investor relations manager for real estate.
Real Estate Investor Relations Manager: Job Description
As an Investor Relations Manager, you will have to conduct client meetings and external communication and represent your company. You should focus on your business finances and not your customer base. Then you may need to help investors make the right capital decisions for your business.
Therefore, you must provide investors with relevant financial and operating information.
To secure this job, you must have a bachelor's degree in accounting, finance, communications, or business administration. However, these are generally not entry-level positions. You may need more than two years of experience to join a respected company.
5. Sales and Marketing
Marketing is one of the essential departments of a real estate agency that drives the company's growth. The department is responsible for managing the property's marketing and promotion strategies.
All of these sales and marketing strategies are aimed at selling the property.
The marketing department develops sales strategies to highlight the benefits and USPs of real estate. Marketers are also responsible for launching social media campaigns to attract customers to real estate.
Being a realtor is one of the most beautiful jobs. These professionals help real estate agents sell their properties.
Real estate agent: professional profile
Real estate agents help buyers get their homes and match buyers with sellers. It is one of the most lucrative and highest paying jobs in the industry, allowing you to trade commercial and residential real estate.
If you own your home, you can sell condos, luxury homes, and single-family homes to interested buyers. When dealing with commercial real estate, you need to sell offices, warehouses, luxury resorts and commercial complexes.
However, you must provide end-to-end support to the buyer during the purchase. This includes providing financial estimates, documentation and returns.
Your salary depends on the commission you receive for the trades you place.
How do I get a job at a REIT?
After looking at all these amazing job postings, you might have realized thatREIT is a great place to start your career.
You just need to gather the necessary skills and knowledge according to the position you want. If you already have relevant experience, your career path will automatically improve.
You need a bachelor's degree in finance, management or a related field from a reputable university. Enrolling in additional courses can improve your skills.
Perhaps the most important way to land a job at a REIT is to understand the industry and how these companies operate. You can start learning from online resources or books.
By getting a job with a small real estate company, we give you relevant exposure. This increases your chances of getting a job with a real estate investment trust organization.
common questions
Do you still have questions about REIT jobs and the industry? Here are some frequently asked questions to give you more clarity.
1. What is the best REIT job?
All of the professional profiles discussed above are excellent career opportunities. However, the job of a real estate agent or broker is often considered the highest paying job in real estate funds. It is because of the income and the many opportunities that the job offers.
Even if you don't have a steady salary here, you can earn commissions through real estate brokerage. In simple words, the more offers you make, the better your commission rate.
So, once you've mastered the art of selling, you can close more deals than you think!
2. How do real estate funds earn?
REIT companies make money by selling or renting commercial and residential properties. Renting these properties is also a lucrative source of income. Also, these companies turn to real estate agents and brokers to help them sell their properties.
Because of this, these companies need many employees and experienced professionals for their daily activities. However, it is better to apply to these companies after you have some knowledge about investing and brokerage.
Your job chances increase if you have a broad knowledge base.
3. What are the benefits of working with a REIT?
The main advantage of a position with a REIT is an attractive salary package. If you work in a project management or purchasing department, you will receive an excellent salary that improves with experience.
Another option is the commission-based salary structure. This applies to applicants seeking a position as a real estate agent with a REIT. You can get big paychecks from business commissions if you have excellent sales skills.
Finally, REIT companies offer many job opportunities, such as back-office or front-office executives. Such opportunities allow you to earn a stable income.
the end result
The REIT industry is growing rapidly and total equity returns have risen to20% em 2022🇧🇷 Therefore, there will be more job opportunities in this ever-growing market. You just need to arm yourself with the appropriate skills and knowledge to qualify for REIT jobs.
You can reach greater heights in your career if you gain enough experience. Keep learning and stay up to dateindustry newsto stay ahead. With consistent hard work, you can land one of the highest paying real estate jobs.
Read too:
- How many jobs are there at Real Estate Investment Trusts?
Grace Johnson
Gracie Johnson is a senior content writer for MyTechMag. She is an avid student and loves exploring all areas of technology.
FAQs
What is the highest paid position in real estate? ›
- Mortgage Loan Officer.
- Real Estate Attorney.
- Real Estate Agent.
- Compliance Specialist.
- New Home Sales Consultant.
- Realtor.
- Real Estate Broker.
- Property Accountant.
Yes, real estate investment trusts provide good career paths in real estate management, asset management, financial analysis, leasing, construction, development, and more. For any trust to succeed, it needs multiple experienced professionals to maximize its shareholder return.
What is the highest paying occupation? ›...
Here are the highest paying jobs of 2023:
- Anesthesiologist: $208,000.
- Oral and Maxillofacial Surgeon: $208,000.
- Obstetrician and Gynecologist: $208,000.
- Surgeon: $208,000.
- Orthodontist: $208,000.
- Physician: $208,000.
- Psychiatrist: $208,000.
But it's the advantages of being in your 30s and 40s — the ability to secure credit, the professional influence, a work experience that can reduce the small-business learning curve — that makes starting a real estate career at this time an often perfect choice.
What is the fastest way to make money in real estate? ›- 7 Fastest Ways to Make Money in Real Estate. ...
- Renovation Flipping. ...
- Airbnb and Vacation Rentals. ...
- Long-Term Rentals. ...
- Contract Flipping. ...
- Lease to Buy. ...
- Commercial Property Rentals. ...
- Buying Land.
- Uncertainty about real estate market. This is perhaps one of the biggest uncertainties realtors have to deal with on a daily basis. ...
- Constantly being on the go. ...
- Commission is by no means a guarantee. ...
- Being underpaid for hard work. ...
- Dealing with difficult clients.
Real Estate Investment Trust Analyst Roles
The analyst's job is to analyze all financial aspects of the REIT industry and requires extensive financial industry knowledge. Accordingly, analysts require at least a bachelor's degree in finance, and they must possess extensive real estate experience.
How much does a Real Estate Investment Trust (REIT) Analyst make in the United States? The average Real Estate Investment Trust (REIT) Analyst salary in the United States is $92,679 as of January 26, 2023, but the salary range typically falls between $77,471 and $109,865.
Do REITs pay well? ›High payout ratio. REITs are able to pay high dividends because they're required to pay 90% of their taxable income to shareholders. However, that taxable income doesn't include tax deductions like depreciation.
What is the Top 5 paying jobs? ›- Cardiologist. $353,970.
- Anesthesiologist. $331,190.
- Oral and Maxillofacial Surgeon. $311,460.
- Emergency Medicine Physician. $310,640.
- Orthopedic Surgeon, Except Pediatric. $306,220.
- Dermatologist. $302,740.
- Radiologist. $301,720.
- Surgeon, All Other. $297,800.
What top 3 jobs pay the most? ›
- Data Scientist – $97,659.
- Senior Software Engineer – $119,126.
- Investment Banker – $115,465.
- Chief Executive Officer – $310,000.
- Surgeon -$216,248.
- Anaesthesiologist – $326,296.
- Physician – $227,000.
- Neurosurgeon – $496,000.
...
Below are the 30 highest-paying jobs in the US, along with the estimated number of people employed in each occupation as of May 2021.
- Cardiologists.
- Anesthesiologists. ...
- Oral and maxillofacial surgeons. ...
- Emergency medicine physicians. ...
You're never too old for a new beginning! You'll find that the real estate world is full of people who are willing to help you reach your goals. We also have plenty of resources that are geared toward helping you get started.
What age do most real estate agents retire? ›As real estate agents retire, they will leave the industry, and their experience will go with them. Either because of retirement or more new young agents, the average Realtor age went from 57 to 53.
What is the best age to get into real estate? ›The Ideal Age To Invest In A Real Estate
The ideal time to invest in real estate is when a person is between the ages of 30 and 35. As soon as you have saved 30-40% of your household budget and can afford to make regular EMI payments on the remaining balance, either on your own or with your spouse.
There are four main money making strategies for real estate investors: buy a property and wait for it to appreciate in value; rent out a property to tenants or businesses to generate cash flow; invest in residential properties; invest in real estate projects or find other work in the industry.
How to make millions in real estate? ›- Spell Out Your Goals. ...
- Focus on One Real Estate Investment Strategy at a Time. ...
- Start Small. ...
- Educate Yourself. ...
- Have an Emergency Fund. ...
- Use Leverage. ...
- Run the numbers. ...
- Buy Investment Properties with High Appreciation Potential.
In a down market, some real estate agents say the only real motivators for people to sell or seek property may be the three D's: death, divorce and debt.
Why do most people quit real estate? ›Some common reasons why realtors may choose to leave their jobs could include feeling burned out from the long hours and high pressure of the job, feeling like they are not earning enough money, or simply wanting to try something new.
What is the hottest real estate? ›- Hartford-West Hartford, Connecticut. November 2022 median home price: $372,000. ...
- El Paso, Texas. November 2022 median home price: $291,000. ...
- Louisville, Kentucky. ...
- Worcester, Massachusetts. ...
- Buffalo-Cheektowaga, New York. ...
- Augusta, Georgia-South Carolina. ...
- Grand Rapids-City of Wyoming, Michigan.
How long does it take to make money in an REIT? ›
REITs should generally be considered long-term investments
This is especially true if you're planning to invest in non-traded REITs since you won't be able to easily access your money until the REIT lists its shares on a public exchange or liquidates its assets. In many cases, this can take around 10 years to occur.
REITs must pay out at least 90% of their taxable income to shareholders as dividends each year. Many REITs will pay out more than 100% of their taxable income because their cash flow, measured by funds from operation (FFO), is often higher than income due to depreciation.
How do you make money in REITs? ›Investors can buy publicly traded shares in a REIT, a REIT fund on major stock exchanges or a private REIT to diversify their portfolio and generate income. REITs make their money through the mortgages underlying real estate development or on rental incomes once the property is developed.
How much can you make a month from REITs? ›Based on a $240,000 investment, a residential REIT might generate an annual return of $6,696 or $558 per month, while a mortgage REIT might generate an annual return of $19,752 or $1,646 per month.
How much does a CEO of a REIT make? ›The average level of REIT CEO compensation was $4.50 million in 2006 followed by a decline to $3.29 million in 2009 due to the financial crisis. It increased to $5.27 million in 2012 and rose to $6.06 million in 2019. This represents a 34.73% real increase during the 14 years.
Does a REIT pay monthly? ›Law requires that REITs pay required dividends at least once annually; however, many REITs pay quarterly or monthly. REIT investors should educate themselves on the payment schedule of a potential REIT investments before investing.
What are the top five REITs? ›- Getty Realty Corp. ...
- VICI Properties Inc. ...
- Gaming and Leisure Properties Inc. ...
- Transcontinental Realty Investors Inc. ...
- LTC Properties Inc.
Symbol | Company | REIT performance (1-year total return) |
---|---|---|
GLPI | Gaming and Leisure Properties, Inc. | 28.8% |
VICI | VICI Properties, Inc. | 28.8% |
IRM | Iron Mountain | 26.7% |
ADC | Agree Realty Corp. | 21.5% |
Federal Realty: The king
Federal Realty has increased its dividend annually for 54 consecutive years, which it claims (and there's no reason to doubt it) is the longest streak of any publicly traded real estate investment trust (REIT).
- Patrol Officer.
- Executive Assistant.
- Flight Attendant.
- Sales Representative.
- Sound Engineering Technician.
- Electrician.
- Plumber.
What are easy top paying jobs? ›
- Word processor. National average salary: $47,119 per year. ...
- Notary Public. National average salary: $47,835 per year. ...
- Purchasing agent. National average salary: $49,376 per year. ...
- Groundskeeper. National average salary: $50,475 per year. ...
- Accounting clerk. ...
- Librarian. ...
- Appraiser. ...
- Garbage truck driver.
- Radiologist. ...
- Chief executive officer (CEO) ...
- Chief financial officer (CFO) ...
- Principal software architect. ...
- Obstetrics and gynecology physician. ...
- Emergency medicine physician. ...
- Psychiatrist. ...
- Physician.
Construction workers are the #1 happiest job for a reason—they do what humans are built for! They plan, move and use their bodies, and get to see their creative works come to life.
Which job will pay highest in future? ›- Medical Professionals (Doctors and Surgeons) Healthcare offers one of the highest salary jobs in India. ...
- Data Scientist. ...
- Machine Learning Experts. ...
- Blockchain Developer. ...
- Full Stack Software Developer. ...
- Product Management. ...
- Management Consultant. ...
- Investment Banker.
- Medical and health services manager. ...
- Physician assistant. ...
- Information security analyst. ...
- Physical therapist. ...
- Financial manager. ...
- IT Manager. Median salary: $159,010. ...
- Web developer. Median salary: $77,030. ...
- Dentist. Median salary: $160,370.
...
Jobs that Pay 100K With 4 Years of School
- Computer and Information Systems Manager. ...
- Marketing Manager. ...
- Sales Manager. ...
- Human Resources Manager. ...
- Purchasing Manager. ...
- Air Traffic Controller. ...
- Medical or Health Services Manager. ...
- Computer Network Architect.
Rank | Job | Salary |
---|---|---|
1 | Cardiologists | $353,970 |
2 | Anesthesiologists | $331,190 |
3 | Emergency medicine physicians | $310,640 |
4 | Orthopedic surgeons, except pediatric | $306,220 |
...
- Finance. The finance industry consists of firms that provide financial services to retail or commercial customers. ...
- Marketing. ...
- Health Care. ...
- Energy. ...
- Information Technology. ...
- Engineering. ...
- Legal Industry. ...
- Real Estate.
Is the Age of a House Important in Determining its Value? Newer homes generally sell for more than older ones, but the difference can be even greater when an old house has been renovated and modernized.
Is 60 too old to buy a house? ›Thanks to the Equal Credit Opportunity Act, there is no age limit to taking out a mortgage. As long as you can meet the financial requirements, you're allowed to take out a loan at any time. To take out a mortgage over 60 you will need to be able to prove your ability to repay the loan.
Is 49 too old to buy a house? ›
If you're in your 50s, it's not too late to buy a new home, but it's key to ask the right questions and make the wisest decisions possible. Above all, make sure you won't be stuck making mortgage payments years after retirement.
How long does it take to become a millionaire as a real estate agent? ›By continually flipping or renting the homes you live in, your net worth will probably hit the $1 million dollar mark within another 10–15 years and you can continue to get rich in real estate, while everyone else you knew at age 25 is still plodding along with little to nothing in the bank.
How much do you need to retire on real estate? ›Target retirement income: $60,000 per year from seven homes
If the average cash-on-cash return is 6%, an investor would need $1 million invested in real estate: I = M x C. M = I / C. $60,000 Income / 6% Cash-on-cash return = $1,000,000 Money invested in rental property.
If you're looking for a rule of thumb, adding 5% to 10% to your portfolio is a reasonable range. However, the best approach is to discuss with your financial advisor how adding real estate would best advance your goals.
What is the average age of a real estate investor? ›...
Real Estate Investor Age.
Real Estate Investor Years | Percentages |
---|---|
40+ years | 71% |
30-40 years | 22% |
20-30 years | 7% |
You need to be 18 to sign legal documents but if you're a teenager or under the age of 18 it's still possible to invest in real estate. You just need to have a parent sign everything for you and buy the property in their name or in a corporation name if they set up a legal entity.
What is the highest person in real estate? ›At the top, Orange County, California-based Donald Bren remains the wealthiest real estate billionaire in the country with an estimated $16.2 billion net worth, nearly $1 billion higher than last year.
Do real estate agents become millionaires? ›About 90% of the world's millionaires over the last 2 centuries have come from real estate. So that's a resounding yes! For many investors, real estate offers a great opportunity to build wealth and create a large profit on each deal.
Do most millionaires get rich from real estate? ›“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago.
How can I make money with 100k real estate? ›- Buying a Residential Property or a Second Home.
- Becoming a Landlord For a Rental Unit.
- Purchasing Part of a Commercial Property.
- Investing in Public or Private REITs.
- Becoming a Partner in a RELP.
- Flipping a House or Condo.
Why are most millionaires in real estate? ›
Millionaires invest in real estate because it creates wealth. If you purchase a property as your principal residence, it creates equity as you pay off the mortgage.
Is it hard to get rich in real estate? ›There is no quick way to make money or get rich in real estate, but you can grow wealth gradually and consistently by investing correctly. You are probably aware that there are numerous ways to accumulate wealth, but real estate is one of the most effective.
How much do top 1% realtors make? ›Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.
Which job can make you a millionaire? ›Accountant
Accounting, indeed, is a lucrative career path, with salaries well above the general median average. So, as the economy continues to grow, the need for auditors is steadily on the rise, making accounting one of the most profitable occupations out there.
...
Top 10 Jobs That Make You Rich
- Doctor. ...
- Surgeon. ...
- Investment Banker. ...
- Corporate Executive. ...
- Petroleum Engineer. ...
- Psychiatrist. ...
- Data Scientist. ...
- Research & Development Manager.
Multi-million dollar homes in Los Angeles and other areas mean there are real estate agents making well above the average salary. Star real estate agents in the state of California can make millions annually. These agents need to average at least $50 million in sales annually with an average commission of 2%.
How to become a millionaire in real estate? ›- #1: Learn About Real Estate Investing. ...
- #2: Set Clear Goals and Have a Plan. ...
- #3: Stop Waiting to Get Started. ...
- #4: Make Offers with Terms You Can Afford. ...
- #5: Generate Cash Flow. ...
- #6: Grow Your Portfolio. ...
- #7: Work Up to Larger Properties. ...
- #8: Keep Growing.
- Become Financially Literate Through Self-Education.
- Spend Less, Earn More, Invest the Difference.
- Do Something You Love.
- Invest in Properties.
- Build a Portfolio of Stocks and Shares.
- Focus on Contemporary Areas of Growth.
- Be An Innovator, don't just paint by numbers.
How many houses does an agent have to sell to make $100,000 a year? If you are selling $100,000 houses and paying 40 percent of your commission to your broker you would have to sell over 50 houses a year to gross $100,000 a year. That is a lot of houses to sell, especially for a new agent.
Can I make 100k my first year in real estate? ›You'll need a big enough database or a way to generate enough leads. In order to make $100,000 a year as a real estate agent, you'll need a big enough database or a way to generate enough leads. If you're getting started and don't have a huge referral base, you're going to have to lean heavier on lead generation.
How do beginners make money in real estate? ›
- Leverage Appreciating Value. Most real estate appreciates over time. ...
- Buy And Hold Real Estate For Rent. ...
- Flip A House. ...
- Purchase Turnkey Properties. ...
- Invest In Real Estate. ...
- Make The Most Of Inflation. ...
- Refinance Your Mortgage.