CEL & Associates’ 2021 Industry Compensation
Image

2 minute read

As the Great Resignation continues, companies are driven to review salary and compensation packages for professionals in the rental housing industry. CEL & Associates, Inc. breaks down the median base salary, 75th percentile base salary and employee bonuses as a percent of salary. The survey from CEL & Associates covers more than 145,000 incumbents from over 340 companies.

The 50th percentile is the value that is the midpoint of the range of values re-ported for that variable (also referred to as the median).

The 75th percentile is the value that is the breakpoint where 75% of the values reported for that variable are lower.

Actual bonus is represented by the average annual incentive award earned (reported) for goals achieved in 2020.

See details on how to purchase the entire survey, which includes metro area salary data.

Position Name Median Base Salary 75th Base Salary Average Actual Bonus

Top Division Executive

 358,000  472,400  90.4%
Top Acquisitions Executive 240,500 331,500 119.3%

Acquisitions Director/Manager

171,000 228,000 49.8%

Acquisitions Associate

102,800 128,700 21.9%

Top Asset Management Executive

259,600 318,900 82.6%

Senior Asset Management Executive

180,300 267,100 38.5%

Portfolio Manager

129,700 156,800 24.0%

Senior Asset Manager

127,500 161,000 27.9%

Asset Manager

100,700 122,800 19.1%

Top Property Mgmt. Executive

291,600 389,200 79.7%

Vice President Property Management

193,200 250,500 32.3%

Regional Property Manager

126,500 150,300 19.8%

Senior Property Manager

90,400 110,700 18.3%

On-Site Community Mgr. I (<150 units)

 53,300  62,900 15.7%

On-Site Community Mgr. II (150-300 units)

65,800 76,200 17.1%

On-Site Community Mgr. III (301-450 units)

75,300 85,700 17.3%

On-Site Community Mgr. IV (>450 units)

82,400 98,600 18.5%

Assistant Property Manager

45,700 54,200 13.4%

Onsite Administrator

47,600 58,300 9.2%

Resident Services Manager

57,000  74,400 10.1%

Concierge

41,600 51,100 8.1%

Operations Analyst

84,500 103,700   8.7%

Operations Director/Manager

99,800 145,200  17.6%

Regional/Portfolio Maintenance Engineer

100,400  116,700  11.8%

Maintenance Supervisor/Lead Engineer

58,800 69,200 9.8%

Maintenance Engineer/Technician II (mid-level)

46,400 53,500 6.1%

Maintenance Engineer/Technician I (entry-level)

42,000     47,000 6.9%

Make Ready Maintenance Tech

37,800 44,100 5.4%

Groundskeeper/Porter

30,600 34,800 4.8%

Housekeeper/Custodian/Janitorial

30,800 35,800 5.1%

Senior Leasing Executive

107,200   137,700  60.9%

Leasing Manager

48,000 62,400 26.9%

Typical Leasing Agent/Representative

36,400 42,700 20.3%

Regional Marketing Director/Manager

96,100 115,100  17.8%

Top Development Executive

291,900  384,900 104.1%

Vice President/Director Development

202,600 276,500 46.6%

Senior Development Manager

177,000 208,500  30.6%

Development Manager

134,100 195,500 22.4%

Senior Project Manager

150,800 201,800 21.6%

Project Manager

123,000  147,700 20.6%

Project Analyst

86,200 93,700 21.0%

Project Administrator

65,900 75,200 12.1%

Top Land Engineering Executive

150,800  188,100    15.7%

Top Construction Executive

227,100 288,500  55.2%

Construction Manager

116,800  159,800  18.5%

Construction On-Site Manager

109,700 128,800 19.2%

Source: CEL & Associates, Inc./CEL Compensation Advisors, LLC © 2021 National Real Estate Compensation Survey - All Rights Reserved. Not to be referenced without written permission.
12121 Wilshire Blvd., Suite 204, Los Angeles, CA 90025 Tel. (310) 571-3113, Fax. (310) 571-3117.