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Are you planning on working in the real estate industry? Then, you need to learn about the best paying jobs in real estate investment trusts (REITs). Knowing the best and highest-paying real estate investment trusts will allow you to choose the best job for your needs and personality.
Although searching for the right REITs can be challenging and even time-consuming, especially for newbies, you don’t need to worry because we’ve successfully compiled the top 10 best-paying jobs in real estate investment trusts.
In the meantime, the real estate industry is fast growing, and this is because of the profitability of the industry. New real estate investment trusts are springing up all over the world, providing investors with the opportunity to cash in on new residential and commercial property ventures.
As you know, not everyone can afford to buy a new home; however, REITs provide investors with the opportunity to invest in real estate without having to worry about regular property management. If you’re really interested in this job and would like to learn more, then this article is for you. Read on in this article to learn more about real estate investment trusts.
What is a Real Estate Investment Trust?
Real Estate Investment Trusts, or REITs, are companies established to make it easier for individuals to invest in real estate. It allows people to invest in large-scale real estate projects without having to purchase and oversee the properties themselves.
In addition, REITs handle several real estate assets, including shopping centers, office buildings, warehouses, commercial forests, hotels, and many more. According to research, many real estate investment trusts are traded on the stock market for the general public. Therefore, you can purchase or sell them on the open market.
Is Real Estate Investment a good Career?
To begin, when selecting a career, ensure that the career path is growing and relatively robust. Research shows that the REIT industry is currently growing, with more than 83% of financial advisors actively recommending them to their clients.
That being said, real estate investment companies are a great place to work and start your career in real estate. In fact, REITs are one of the most productive and fastest-growing industries in the world. With a good salary, you can expect steady and consistent growth as well as great job opportunities.
10 Best Paying Jobs in Real Estate Investment Trusts
We’ve successfully compiled the best real estate investment trusts to choose from after extensive research. And in this section of the article, we will be discussing and outlining the top 10 REITs to look out for. Check out the write-up below:
1 Real Estate Attorney or Lawyer
In recent times, real estate lawyers have been in high demand for their knowledge of transactional law and contractual issues. They can work on a wide range of deals, such as the purchase, sale, or leasing of real estate. And so, they provide critical legal support to the REIT industries across the world.
Some of the duties of a real estate lawyer include preparing contracts, advising clients on purchases and investments, reviewing documents, providing legal counsel without the requirement of an attorney license, and more. Note: To work in this sector, you need to have a license to practice law, and it must be recognized by the judicial system of that particular country.
Average Salary: $100,000 to $150,000
2 Manager of Finance
If you’re searching for a high-paying and stable REIT career, consider becoming a finance manager. The job of a finance manager includes forecasting, building budgets, and reporting on projects. Also, they work closely with the property developers to ensure they aren’t over budget on materials and contractors. Also, note that the finance manager also works directly with the chief financial officer. To apply for this position, you need a bachelor’s degree in finance.
Average Salary: $55,000-$65,000
3 Real Estate Investment Trust Analyst
A REIT analyst is responsible for carrying out research, analyzing it, and developing a strategy for current or new real estate opportunities. Other duties of a real estate investment trust analyst include advising the acquisition team before making a new investment decision. Also, they will make reports for the operations team evaluating the market and its opportunities. The qualification needed to apply for this role is a bachelor’s degree in finance or real estate.
Average Salary: $75,000-$100,000
4 Property Manager
A property manager is another well-paid position in real estate investment trusts. Although this role depends on the type of REIT, for instance, a property manager can be responsible for the rentals inside a REIT. Also, they can be responsible for managing multiple locations, which may or may not include rentals. To apply for this role, you need a bachelor’s degree in any course along with previous experience in the field.
Average Salary: $70,000-$120,000
5 Real Estate Agents
As a licensed real estate agent, you can help clients buy, sell, and rent properties. To become a real estate agent, you must pass an exam that covers topics such as ethics, state laws, contracts, etc. Meanwhile, real estate agents are responsible for understanding the real estate market and helping clients make better decisions about their property transactions.
An agent that deals with residential properties connect buyers and sellers. Also, they act as a mediator between the buyer and the seller. They specialize in residential properties, while other agents may know more about commercial ones. Houses, condos, units, beach houses, and real estate properties for sale are examples of these properties.
Average salary: $100,000-$106,000
6 Real Estate Property Appraiser
A real estate property Appraiser’s job is to value real estate properties. They look at market conditions and other factors, such as inspecting the property, to determine the value of the property. It is residential and commercial property. To apply for this position, you need a college degree and a background in fields like economics or real estate.
Average Salary: $61,340 and Above
7 Property Developers
Another type of real estate investment trust to consider is one for property developers. The job of a property developer includes hiring and firing contractors and working on projects from the planning stage to completion. Property developers are imperative to ensuring new builds are going as planned and within budget. To apply for this role, you need an MBA in real estate or business.
Average Salary: $80,000-$100,000
8 Chief Executive Officer
Generally, the CEO of the company gets the highest pay. As the highest-paid employee in the organization, the CEO is responsible for making strategic decisions that affect not only the company’s performance but also the performance of all direct reports.
You must have proven yourself to be a successful leader, rising through the ranks and taking on various departmental roles. To apply for this role, you need strong leadership skills, the ability to make tough decisions, and extensive knowledge of the industry.
Average Salary: $500,000 and Above
9 Site Acquisition Specialists
A site acquisition specialist is responsible for all the technicalities, legalities, and contracts required to build it. Also, they provide operational support focusing on entitlements, building codes, and leasing. They also handle the ins and outs of purchasing property, such as legal and contractual obligations. You will need a bachelor’s degree to apply for this job.
Average Salary: $130,000-$160,000
10 Head of Marketing
The Head of Marketing role is responsible for various tasks and duties. This is one of the most attractive positions for people with a bachelor’s degree in marketing, related fields, public relations, and more. Note: Marketing heads need to be creative and savvy when developing campaigns targeting businesses and consumers.
Average Salary: $130,000-$160,000
Bottom Line
The above are some of the best-paying jobs in real estate investment trusts. However, aside from the above-listed jobs, you can also research online for other high-paying jobs in real estate to consider.
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