The Best Paying Jobs in Real Estate Investment Trusts in Residential and commercial real estate investment trusts (REITs) are one of the best ways to get started investing in real estate, especially if you’re looking to get paid to play with other people’s money.
These investment vehicles pool investors together, helping them to own shares in properties all over the country, from shopping malls and office buildings to hotels and apartment complexes.
Today we will give you this question Is Real Estate Investment Trusts a Good Career Path?
What Are REITs?
REITs are one of those investment acronyms that few people seem to fully understand. REIT stands for real estate investment trust, which is, on its face, a bit self-explanatory. When you want to know the best paying jobs in real estate trust or invest in REIT funds. You’re actually investing directly into real estate just as you would by purchasing property or investing in a property management company.
This means the best-paying jobs in real estate can offer both stability and growth and be seen as an alternative option for investors looking for solid returns outside of traditional stocks and bonds.
Please read the full article we will cover each and every topic in detail and also we will give you your answer to this question Is Real Estate Investment Trusts a Good Career Path?
Entry-level positions start around $46k but quickly grow into six figures.
Here are a few tips that can help you land these jobs or another best-paying job in real estate investment trusts.
Most of these best-paying jobs in Real Estate Investment Trusts require an undergraduate degree in finance, accounting, economics, or business administration.
There is some wiggle room for non-traditional applicants.
For example, at least one firm has hired employees who were previously involved in flipping houses as long as they had good work experience and business knowledge. If you have no formal education but still want to break into real estate investing, then it may be possible through hard work and passion alone – just don’t expect it to be easy.
As with any industry, getting your foot in the door is half of what it takes to get a high-paying job. There are many different ways to do so, from internships to connections.
Internships are not only great ways to get your foot in the door but also offer a valuable hands-on experience that will make you more desirable than someone without any professional experience.
If you’re lucky enough to know someone already working in real estate investments, then use them. Even if they aren’t directly hiring, they might be able to put in a good word for you or point out opportunities that would otherwise go unnoticed.
Getting a job in real estate investment isn’t going to happen overnight. It could take months or even years before you find something suitable, especially if you don’t have much experience.
So what are the best-paying jobs in real estate investment trusts? Let’s take a look at options that offer lucrative rewards for both work and risk.
These are tasked with bringing new projects to market and can command salaries that often reach seven figures.
Employees who perform these roles may have more responsibility at smaller companies, where they’ll be integral to a single project and might report directly to a senior executive.
In large companies, an employee will work as part of a larger development team, reporting up through his or her manager on a dotted line.
If you’re looking for security (as you should be if your pay is approaching $1 million), look for companies that are growing rapidly and have a strong presence in your geographic area.
An attorney specializing in real estate laws will help create and maintain legal documents for any land you invest in.
Your contractor should know how to run your investment property, but an attorney can help them out of sticky situations.
A lawyer will also be able to protect your interest if anything were to happen with your partners or contractors (which is why it’s important to choose carefully).
When it comes time for you to sell your investment, your lawyer will be able to ensure that no gray areas exist that might cause you a problem when negotiating a price.
Acquisitions professionals help REITs purchase other companies, take on debt and buy real estate. They play a crucial role as brokers between owners of businesses and real estate and prospective buyers, collecting fees every step of the way.
These individuals are generally salaried employees. If a sale goes through, they collect part of their payment as a commission rather than fees.
Acquisitions professionals may earn between $100,000 and $300,000 per year depending on experience and which company they work for.
Property managers oversee the best-paying jobs in the real estate portfolio of properties, ensuring tenants pay rent on time and repairs are promptly handled.
They also make sure that tenants adhere to regulations, helping protect the best paying jobs in real estate public reputation.
These professionals typically need at least an undergraduate degree; experience is required for top jobs. Those with an MBA or related master’s degree may have the edge over other candidates.
On average, property managers earned $92,210 per year as of May 2011. Most of these professionals worked for large companies or government agencies – about 14 percent worked directly for real estate investment trusts themselves, according to Bureau of Labor Statistics data from May 2011 – so competition tends to be fierce when pursuing these positions; more than half had more than 20 years of experience.
Investor Relations. IR professionals earn a median salary of $139,600 per year, according to Glassdoor. Many Investors Relations pros start out as financial analysts, so you might be able to begin your career at an RIT by first aiming for that position.
According to PayScale, financial analysts have a median pay of $59,100. If you’re getting paid well and enjoy your work, moving into IR can lead you even higher up on this list. Learn more about working as an investor relations professional and see if it’s right for you here.
Sales and marketing. Salespeople, including those working for brokerages or financial institutions, typically get paid a percentage of whatever they sell.
If your sales pitch is successful and you end up closing on a deal worth $1 million, you would be entitled to a substantial commission check. Additionally, many real estate brokers charge fees to their clients; therefore, as long as you stay in business, your income stream should continue flowing smoothly.
As you may have guessed, the best paying jobs in real estate are different from any other, although they do offer their own set of benefits:
You have the freedom to scale up or down your business in this role.
Real estate’s highest-paying occupations allow you to make as much as you can sell.
You will have a highly fast-paced, exciting, and successful career if you choose the highest paying real estate jobs and are prepared to work hard.
If you like networking and meeting new people, this job will provide you with plenty of opportunities to do so.
You’ll be able to work more efficiently if you don’t have a lot of monitoring.
Most of the job descriptions listed above are fantastic choices for a career. But, in real estate investment trusts, the role of a real estate agent or broker is widely perceived as the best-paying job. It is because of the pay and variety of options that the work provides. Real estate brokerage will allow you to profit through commissions even if you do not have a set income.
What Are the Earnings of Real Estate Investment Trusts?
REITs operate like any other real estate company, but one difference is that REITs earn money for their investors instead of earning money for themselves. This can be a little confusing because, as mentioned above, REIT executives are still getting paid and taking a cut out of profits even though investors now reap all of those profits.
Because REITs are based on real estate investments, you’re probably not going to make as much money working at a REIT as you would in another industry. At least not right away.
It’s easier to get your foot in the door of a large corporation that has holdings across a variety of markets and properties than it is at an individual company.
Plus, once you’re inside, your job security is greater because many investors trust in diversification over risky bets, which means they won’t pull their cash out of your employer just because one deal went south.
Is real estate investment trusts a good career path?
If you have a job that matches your talents and interest, REITs are a fantastic way to go. As you can see from the examples above, real estate investment trusts have a wide range of career options that pay well.
My answer is YES to this question Is Real Estate Investment Trusts a Good Career Path?
As an alternative investment vehicle, REIT funds provide investors with a diversified real estate portfolio without having to pick individual properties. Looking at market trends is crucial when determining whether you should invest in a REIT fund or property. Experts advise investors not to be too aggressive and constantly monitor their investments since commercial real estate can be highly volatile and prone to downturns.