“Your salary will never make you rich” is a very popular saying, But let me tell you something did you know that the average real estate acquirer earns approximately $140,000-$200,000 per month as salary.
Are you thinking of working in the REITs industry in 2024 but not sure which of the Jobs to choose or which are the best paying? Well no worries because you are at the right place, today we are going to be talking about the top ten best-paying jobs in real estate investment trusts.
This blog post is going to break down everything you need to know about the REIT industry, things to consider in choosing a career, and the benefits of working for a REIT.
Some of the key takeaways to keep in mind from this blog post are [
A real estate investment trust (REIT) is a company that holds, works, or finances income-generating real estate.
There are 3 types of REITs
Equity REITs. Most REITs are equity REITs, which possess and handle income-producing real estate. Earnings are gotten mainly via the rents, not by reselling properties.
Hybrid REITs. These REITs use the investment processes of both equity and mortgage REITs.
Mortgage REITs. Mortgage REITs loan capital to real estate proprietors and operators either directly through home owner's loans and other loans or indirectly through the buying of mortgage-backed blonds.
]
I would recommend you read this blog post to the end and try not to miss any parts because I am going to be sharing with you a bonus tip which is going to be about Why should you consider a path in REIT, So what are we waiting for?
Let’s dive right in!
What Is a Real Estate Investment Trust(REIT)?
A real estate investment trust (REIT) is a company that holds, works, or finances income-generating real estate.
Sported behind mutual funds, REITs pool the cash on hand of multiple investors. This makes it possible for individual investors to acquire dividends from REITs without having to purchase, control, or fund any possessions by themselves.
What Are The Types Of Real Estate Investment Trusts (REITs)
Equity REITs. Most REITs are equity REITs, which possess and handle income-producing real estate. Earnings are gotten mainly via the rents, not by reselling properties.
Hybrid REITs. These REITs use the investment processes of both equity and mortgage REITs.
Mortgage REITs. Mortgage REITs loan capital to real estate proprietors and operators either directly through home owner's loans and other loans or indirectly through the buying of mortgage-backed blonds.
The important shit in your blog
Is Real Estate Investment Trust(REIT) a Good Career Path For Me?
With good willingness and perseverance, employees can build the finance and interpersonal skills needed to thrive in the industry. Real Estate Investment Trusts can be a perfect career path for those who are unreluctant to work in the finance and real estate sectors.
What Are The Benefits Of Working For a Real Estate Investment Trust(REIT)?
- Real Assets: Real estate is a real asset which tells us that it is something that you can see, touch, and feel. This makes it more effortless for you to comprehend the real estate company comparable to other industries created on complicated and immaterial income streams.
- Assessable Focal point: Those who appreciate operating with data and quantitative numbers will serve well when running data-backed market research. This type of skillset is frequently connected to positions that lead to higher-level administration posts.
- potentiality of a high income: With this configuration, high-performing REITs handling millions or billions of dollars may award employees with a substantial payout. Some positions within REITs and commercial real estate are largely related to a corporation's performance.
What Are The Limitations/Disadvantages Of a Real Estate Investment Trust(REIT)?
REITs suffer from some of the disadvantages of investing in stocks. These are the most influential disadvantages of investing in REITs.
1 | Feeble Growth
REITs that deal on the stock exchange spend a considerable ratio of their earnings to investors. Unfortunately, very small money is left to allow a REIT to expand its portfolio.
2 | Increased Taxes on Dividends
The dividends you make from REITs are subject to more increased taxes than other assets.
You are most times only supposed to pay a capital gains tax on dividends.
3 | Potentially Increased Fees and Stake
Even if a REIT has the licensing of the security and exchange commission, that does not still guarantee that it is low-risk. Those that want to invest should take note of elements such as interest rates, the real estate market, tax laws, geography, etc., before deciding on investing in REITs.
Some REITs may use these elements to explain levying high administration fees and trade fees.
What Are The Skills Needed Working For a Real Estate Investment Trust(REIT)?
- Real estate understanding.
- Knowledge of financial statements.
- Capability to market research.
- Property and asset regulation.
- Due industriousness towards real estate and finance.
- More useful knowledge about financial models.
Should You Consider Working For a Real Estate Investment Trust(REIT)?
So, if you ask a question about whether real estate investment trust is a good career path for you, then I would say that Yes, Real Estate Investment Trust is a good career option for you only if, you are passionate about finance and real estate.
The United States has several colleges proposing related studies for the REIT industry. You can get a degree from such universities and look for job prospects in real estate. Some of these studies and agendas include:
- Accounting for real estate
- Design of commercial buildings
- Property management
These studies could help you join the industry smoothly. However, you would need a work experience in real estate, apart from apprenticeships. Therefore, you can even seek to get a bachelor’s degree in fields like:
- Accounting
- Real estate
- Statistics
- Finance
How to get started as a Real Estate Investment Trust professional?
Here’s a quick guide to getting started as a Real Estate Investment Trust professional:
1: Get Enlightened on the Subject: Take courses and programs to learn what you need to know about real estate investing.
2: Build Your Network: Connect with experts in the industry and find mentors who can help guide you.
3: Research Companies: Do the investigation and find a suitable firm.
4: Be ready for Success: Make sure you’re prepared for the challenge of working in REITs by training yourself for success. For instance, preparing commercial real estate property analysis and understanding how to structure commercial real estate deals.
Ok, I think that's enough talking let's get to business. We shall proceed on to the top 12 best-paying jobs in the real estate investment trusts industry.
What Are The Top 12 Best Paying Jobs In Real Estate Investment Trusts?
1. Real estate broker
Real estate brokers are authorized specialists who are comparable to real estate agents in multiple ways and have the same apprenticeship. Both can assist in many of the parts of purchasing and selling a home. But a broker has extra permissions and schooling, beyond what it takes to become an agent.
Real estate broker salary
The average real estate broker makes $75,068 per year plus an extra $42,000 in commission.
Real estate broker official duties
Their duties include preparing guarantees and drafting all details, bargaining deal prices, and helping each party's requirements as they occur during negotiations.
2. Real estate investor salary
The second on our list is the real estate investor. Those who invest in real estate don't look surprised it's a job.
The salary of an average real estate investor sits between $70,000 and $124,000, according to most sources from our research.
Real estate investor official duties
He purchases and sells properties, controls their valuation, gathers rents, and persuades politicians and governmental land-use agencies to realize returns. A real estate investor invests money in property.
3. Real estate agent salary
Third, on our list, we have Real estate agents quite a lucrative job for you.
The average real estate agent salary sits$93,907 /year to 100000$
Real estate agent official duties
Research:
- Execute real estate market analysis
- Explore available listings to discover properties
Marketing:
- Create and distribute promotional material
- Handle online and social media affairs
- Network with possible clients and local enterprises
- Conduct advertising movements
- Building a blog or website
Managerial:
- Answer phone calls and emails
- Plan meetings and showings
- Correct property listings
- Draft and supply documents
- Order deliveries
4. Real estate analyst salary
For the number four best-paying job in REITs. we have a real estate analyst.
The average Real Estate Analyst salary in the United States is $95,310 as of March 28, 2023, but ranges between $80,490 and $111,960.
Real estate analyst official duties
Real estate analysts give financial analysis to support the financing, accession, marketing, and renting out of properties.
5. Real estate CEO salary
The fifth best-paying job in REITs on our list is the real estate CEO which is the chief executive officer.
The average Real Estate CEO salary in the United States is $112,336 /per year
Real estate CEO's official duties
- Set divisions' high-level economic aims, purposes, and plans and work with them on achieving such objectives by meticulously observing their procedures.
Evolve, in collaboration with the Executive Management Team, an integrated business strategy that improves market allocation and profitableness of old or new activities.
6. Real estate CFO salary
Coming up as the sixth best-paying job in the REIT industry is the Real estate CFO which is the chief financial officer.
$156,724 is the average annual pay for a CFO Real Estate in the US.
Real estate CFO official duties
- Pinpointing investment prospects and handling mergers and purchases.
- Implementing the organization's financial scheme.
- Creating strategies for expansion to boost the company's gains while also decreasing expenses.
7. Real estate acquirer manager salary
The 7th best paying job in the REITs industry in 2024 is the Real estate acquirer manager.
The average real estate acquirer manager's gross salary in the United States is $114,586.
Real estate acquirer manager official duties
As an acquisitions manager, you'll bargain, find, conclude, and manage purchasing contracts for your employer.
8. Real estate attorney salary
The average real estate attorney's salary in the USA is $125,000 per year or $60.10 per hour. while most professional workers earn up to $197,500 per year.
Real estate attorney official duties
As a Real estate attorney, you'll formulate and examine lawful documents connecting to real estate, bargain the terms and conditions of real estate dealings, and ease the transfer of titles.
Real estate attorney qualifications
A real estate lawyer must acquire a juris doctorate from a legitimate institute along with a seal of approval acquired from passing the state bar examination
A bachelor’s degree in business, then complete the LSAT test in the state in which they will be working as a lawyer or attorney.
9. Real estate appraiser salary
The average salary for a real estate appraiser is $63,500 per year in the United States. 846 salaries reported this from indeed.com updated on April 17, 2024
Real estate appraiser qualifications
- Meet TALCB's credentials for honesty, trustworthiness, and integrity.
- Must be an adult.
- 150 hours of training appraisal education outlined by the Appraiser Qualifications Board (AQB) and TALCB.
- 1,000 hours of good and verifiable appraisal background acquired over a minimum of 6 months.
Real estate appraiser's official duty
- Assess properties to set market prices and property grading using internal and external references.
- Make on site visits, review the property, and discuss with clients.
- Conduct proper appraisals of real property or land before it is marketed, mortgaged, levied, guaranteed, or formed.
10. Real estate site acquisition specialist salary
The top 10th best paying job in the REITs industry is the Real estate site acquisition specialist.
As of Apr 12, 2023, the average annual pay for a SITE Acquisition Specialist in the United States is $77,649 a year.
Real estate site acquisition official duties
The Site Acquisition Specialist's role comprises of but is not limited to, finding suitable properties, bargaining dealings, and perform zoning actions in multiple jurisdictions (depending on project scope).
11. Real estate developer salary
The average developer salary in the USA is $111,945 per year or $53.82 per hour. Entry-level positions start at $90,001 per year while most professional workers make up to $146,250 per year. But may sometimes vary depending on location.
Real estate developer duties
- Conducting feasibility analyses to decide if a project is financially achievable and recognizing possible issues in the plan or engineering stage of the building.
- Carrying out market analysis to pinpoint places where further expansions can be profitably built or current developments can be enhanced.
- Bargaining agreements with merchandisers, contractors, subcontractors, and suppliers to get the best probable price.
- Supervising the building process to assure that tasks fulfill deadlines and allocation.
Real estate developer qualifications
The qualifications for a real estate developer are :
- A bachelor's in a related field.
- must have a real estate development license, and assemble industry experience on your way.
12. Real estate marketing director salary
Last but not least and the 12th best paying job in the REITs industry is the Real estate marketing director.
The annual pay of a Real Estate Marketing Director in the United States calculated on average is $66,818 a year.
Real estate marketing director qualifications
The qualifications you'll need as a real estate marketing director are :
- A baccalaureate in Advertising, Psychology, Communications, Marketing, or Business Management and its other component.
- A minimum of 5 years experience in a marketing position.
- A minimum of 3 years experience in a management position.
Real estate marketing director's official duties
As a Real estate marketing manager you would launch market research, figure out the trends and client priorities, develop a marketing plan and budgets, and carry out all other appropriate tasks required for improving the business's deals
NOTE:
If you looking to find a job but don’t know where to go check out ZipRecruiter. I already did the hard work of sorting the jobs out so you can click on the ziprecruiter link above to see jobs available in the REITs industry.
Conclusion
Some of the key takeaways to keep in mind from this blog post are [
A real estate investment trust (REIT) is a company that holds, works, or finances income-generating real estate.
There are 3 types of REITs
Equity REITs. Most REITs are equity REITs, which possess and handle income-producing real estate. Earnings are gotten mainly via the rents, not by reselling properties.
Hybrid REITs. These REITs use the investment processes of both equity and mortgage REITs.
Mortgage REITs. Mortgage REITs loan capital to real estate proprietors and operators either directly through home owner's loans and other loans or indirectly through the buying of mortgage-backed blonds.
]
I would recommend you read this blog post to the end and try not to miss any parts. if you’ve already skipped some parts please go back to check it out. I promise you it will all make sense to you if you've read it.
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