real estate investment trusts

17+ Top Jobs available in real estate investment trusts

There are many jobs available in the real estate investment trusts, ranging from part-time assistant positions to full-time and contractor roles.

But It’s tough to get into the real estate business, especially as an entrepreneur.

However, If you want to get a job in real estate, Check this article on high paying estate job that can help you out on your estate job search.

real estate investment trusts
real estate investment trusts

But first lets understand real estate investment trust.

What is real estate investment trusts?

Real estate investment trusts, or REITs, are investment companies that invest in the commercial real estate industry and offer their shareholders the opportunity to invest in commercial properties without having to manage the properties themselves.

Although this may seem similar to buying stock in a typical corporation.

Real estate trust funds invest money pooled together from many investors. The returns on these funds help support or enrich people’s lives and make other investments possible.

With a little knowledge, you can also use them to build wealth for yourself and your family.

Does a career in real estate pay well?

It’s an oft-repeated claim that a career in real estate doesn’t pay well; but does it stand up to scrutiny?

We looked at average salaries for jobs across all industries, and compared them with information on average salaries for top earners, high potential earners, and low earners.

With so many careers in real estate, it can be hard to choose the right one. But don’t worry! With the right guidance, you can find the perfect career that suits your interests and strengths, whether you want to get into property management or sales and marketing.

There are, however, different types of real estate jobs and some of them do pay more than others. Here we take a look at those high paying jobs in real estate, as well as highlight some differences between them so you can choose what fits you best.

How many jobs are available in real estate investment trusts

With so many careers in real estate, it can be hard to choose the right one.

But don’t worry! With the right guidance, you can find the perfect career that suits your interests and strengths.

whether you want to get into property management or sales and marketing. Here are some of the best jobs in real estate!

Now let’s dive in

Best paying jobs in real estate investment trusts

1.     Estate manager

An Estate manager usually works for an estate (surprise, surprise), helping families (or other employers) to manage their financial affairs after they die.

Although it’s a long-term career, and you’ll have to help families deal with grief while still earning income as an estate manager, it could pay off: Unlike many other jobs in real estate, estate managers have median salaries over $100,000 per year.

Plus, it’s pretty easy to get started — most workers usually need only certification through an educational program or experience working at another real estate company. After that, you can work your way up from there.

Even if you have little or no experience in estate planning, it’s an easy business to break into. Most people who get involved with real estate are doing so because they like working with numbers and property; that’s all you need to succeed as an estate manager.

By overseeing every aspect of your client’s final wishes and by carefully guiding them through questions of investments, taxes, wills, and trusts, you can ensure that your clients’ families don’t have to worry about their loved one’s future.

Once you find your first client – word-of-mouth is usually your best bet – it shouldn’t be too difficult to keep up momentum.

2.     Property manager

One of the best paying jobs within real estate are property managers. In general, you should have some experience within real estate to land these types of positions.

If you work for a large real estate firm, they will handle all aspects of your work, including finding rentals, processing applications and dealing with tenant issues.

However, if you decide to go out on your own as an independent property manager/realtor then it is up to you to find rental properties (hopefully at low cost), market them to tenants and handle any repairs or tenant issues that may arise.

While there is plenty of room for growth if you want to become successful here you will also need previous experience so think carefully before taking on too much early on.

3.     Property manager

The property manager deals with lease enforcement, tenant relations, and repairs. They are responsible for ensuring that all leases are executed smoothly, whether renewals or new leases.

They’re usually employed by either a management company or large apartment building owners. In return for their services, they receive free rent at apartments owned by landlords with whom they sign lease agreements as well as commission fees from landlords and management companies they work with to secure new tenants.

As an entry-level job it doesn’t require any previous experience in real estate or apartment management; however a bachelor’s degree is highly recommended to give yourself an edge over other applicants who don’t have one. Salary: $41,000 – $50,000+

4.     Estate Associates

An estate agent is an agent who specializes in property and real estate. Their primary goal is to help sellers of properties (land, homes or commercial premises) sell their houses, while trying to make as much profit as possible.

Before you even start looking for real estate jobs, make sure you’re licensed to work in that state. Most states require an active real estate license to be able to purchase or sell property—and even if you don’t plan on selling any property, there may be other tasks your employer will want you to perform, such as marketing listings and showing homes.

In addition, some employers prefer having licensed agents or staff because it helps them avoid liability from legal mistakes made by unlicensed workers.

The best way to find out what your state requires is by contacting your local Department of Commerce (or whatever state agency is responsible for overseeing licenses).

The main function of estate agents is showing any property they’re given on behalf of their clients (typically landlords) to prospective buyers, negotiating prices with them, etc.

5.     Home inspector

A home inspector’s job is simple: They walk through potential properties and search for things that could be an issue for future buyers, such as faulty wiring or foundation issues.

Home inspectors generally work part-time and make an average of $32.91 an hour, with plenty of opportunities to pick up more hours if you can prove yourself and are willing to travel.

As long as you know what to look for when touring homes and have your father’s hammer at hand, it could be a way to pay your rent.

The hourly rate doesn’t always break down into consistent weekly paychecks, but remember that self-employed workers don’t often get paid vacation days or sick leave—something which is pretty standard with most full-time jobs anyway.

The job of home inspector sounds glamorous, doesn’t it? You get to go into other people’s houses, look at their stuff and tell them if they have expensive problems! Unfortunately, there is much more to being a home inspector than that.

You also have to be able to read blueprints and troubleshoot structural issues. According to HomeAdvisor’s 2017 Salary Report , average salaries for inspectors hover around $50,000 per year; however, half of all inspectors report annual incomes below $35,000. They have irregular schedules and are required to travel for work. Not bad for an entry-level job if you can get it though!

6.     Escrow officer

An escrow officer is an individual who is hired by either a buyer or seller’s agent to handle all financial aspects of closing on an asset purchase or sale.

You can assume there is going to be plenty involved with being an escrow officer, including complex paperwork and legal obligations; therefore, it’s always best if you have experience before taking on such responsibilities.

Escrow officers act as middlemen for many aspects of real estate sales. On one side, they handle details such as paperwork with buyers and sellers.

On another side, they work with contractors to ensure that deals go through smoothly. Becoming an escrow officer doesn’t take long—just six months or so of on-the-job training—and pay starts at $35K/year.

7.     Foreclosure specialist

In recent years, foreclosure specialists have become big business. Fannie Mae and Freddie Mac—two government-sponsored enterprises (GSEs) tasked with buying and securitizing mortgages—have increased their support for short sales, where lenders agree to let sellers sell homes for less than what they owe on their mortgage.

This trend has resulted in a massive increase in foreclosures, leaving buyers looking for better deals. Specialists are often privy to these deals because they have access to all of the available data on foreclosures, short sales, REOs (real estate owned), and bank-owned properties.

They can often negotiate better prices from banks that want to get rid of inventory fast.

8.     Real estate appraiser

Property appraisers evaluate homes and other buildings to assess their value for insurance purposes. They typically hold an associate’s degree or bachelor’s degree, although some states allow licensing based on experience. To land a job, you’ll need to have completed your education and passed state licensing exams.

Some employers may also prefer candidates with experience working in real estate or property management especially if they’re looking to hire people who can handle appraisal assignments while also serving as agents themselves.

In order to get that type of experience, many aspiring appraisers first work as residential brokers or managers at real estate agencies.

9.     Estate investment consultant

You need at least five years of experience under your belt to become an estate investment consultant. Most entry-level positions require you to have at least three years of experience, but having five to seven years can look even better on your resume.

If you’re looking for management opportunities and greater income potential, then moving into management roles will help you meet that goal more quickly.

You may find that these managerial jobs require you to some years of experience as well as advanced degrees such as a master’s or doctoral degree.

However, with hard work and determination it is certainly possible for you to begin working towards that goal today!

As an estate investment consultant, you can make $100 to $250 per hour helping wealthy families move money from one business or property to another.

You’ll take their real estate investments and help them shift that money into new opportunities; The work typically involves reviewing financial and market conditions and giving recommendations. However, there is often legal work involved as well.

Estate investment consultants earn between $60,000 and $150,000 per year, according to Payscale—and they get bonuses if they can find opportunities that can increase their clients’ net worth by 10 percent or more over 12 months.

10. Property Accountant

You can be either an employee of your boss or you can have your own business. A property accountant will help with all aspects of money management, from renting to rent reviews and will also take care of legal matters.

So as well as keeping on top of rent payments, you’ll also advise clients on investments and tax considerations. Start by learning about different types of accounting degrees and how to get one for free.

The property accountant is also responsible for producing reports on a home or business’ financial status. Accountants who work with property are normally hired by real estate brokers or agents, and may also be self-employed.

They take care of tasks like maintaining lists of clients, billing and collecting rent from tenants, filing income tax returns, paying bills and keeping track of expenses.

To work as an accountant in real estate you will need at least an associate’s degree in accounting and several years of experience working in financial roles – more if you want to become a partner at an accounting firm. Good attention to detail is essential as well as familiarity with tax laws across states.

11. Real estate broker

A real estate broker is someone who acts as an intermediary between a buyer and seller of real estate. A broker’s job consists of marketing properties for sale, negotiating deals, and helping clients buy or sell their home.

Brokers make their money by charging sellers a commission based on a percentage of their sale price. Some brokers work under contract with multiple agents, while others have sales teams they manage directly.

Most real estate brokers either own their own independent company or work for one of several large brokerages.

Each property listing is typically assigned to just one agent, who is responsible for that deal from start to finish. To find clients and properties for sale, most agents will post ads on online boards or get referrals from other people they’ve worked with in real estate.

12. Realtor

A Realtor is someone who sells real estate for clients and earns commissions from their sales. Realtors are typically affiliated with local or national realty companies and have experience helping people buy and sell homes.

The first step to getting into real estate is finding out what licensing and accreditation requirements you’ll need to meet, which vary from state to state. Once you’ve figured that out, look for real estate courses or schools; these are often available through community colleges or even online.

If you’re still in school, check with your financial aid office about potential scholarships for students studying real estate. While taking classes on how to become a realtor isn’t required for licensure, it will likely help ease your transition into your new career (especially since it can be competitive). In fact, some states require up to 40 hours of education as part of their licensure process.

If you’re looking to get started as a Realtor, it’s important to understand that there are multiple ways to make money in real estate. For example, you could start your own brokerage agency , which would include all of your revenue from listing fees and commission charges .

Or you could accept offers from brokerage firms as an independent contractor . While we don’t recommend making your entire income as an independent contractor , it might be easier to get started if you do.

According to a recent report by The National Association of Realtors, average income for a full-time realtor is approximately $43,000 per year.

13. New home sales consultant

Usually, entry-level jobs in real estate are sales positions; you have to sell something if you want to get paid. As an entry-level sales position, getting a job as a new home sales consultant is one of your best bets for earning money quickly and easily.

If you’re just looking for part-time work or temporary employment, selling homes may be an excellent opportunity for you to earn money with minimal training and education requirements (though any job will require that). If you don’t mind putting up with long hours and hard work—as well as demonstrating good communication skills—you might enjoy working in real estate.

14. Real estate agent

Despite what you may have heard, agents don’t get paid just to list homes. And, contrary to popular belief, they don’t even get paid just to sell them.

While listing and selling homes can be part of your job, agents actually make most of their money from two other sources:

  •  Expenses (commissions, title insurance/closing costs, etc.) and
  • Unsold properties that you represent (monthly management fees).

To get started with real estate sales, focus on getting your real estate license first, then choose an entry-level position within a company that suits your personality and schedule

where can a real estate agent make the most money?

Real estate agents can make a lot of money. But not everyone makes a lot of money. So, what makes one agent better than another and how do you maximize your income potential? The following tips should help get you on track to a high salary as a real estate agent.

15. Construction officer

While real estate agents and brokers often get a lot of attention, construction officers are also an important piece of a major development project. Construction officers review blueprints to ensure that construction is up to code.

They check on whether subcontractors are following plans correctly and inspect projects for errors, such as damaged roads. Officers oversee developers’ compliance with building permits, zoning laws and local regulations. The Bureau of Labor Statistics says their median salary was $78,600 in May 2016.

16. Estate attorney

Lawyer specializing in wills, estates, and related matters. Often works with real estate transactions as well. These jobs are typically available to those already licensed to practice law and may require one or more years of experience working for another attorney.

Annual pay for attorneys with up to four years of experience is between $70,000 and $90,000; entry-level salaries tend to be lower than that range. However, new graduates may have better luck securing work at small firms that can’t afford to pay high salaries. Starting salary is around $50K per year.

If you don’t mind working with older clients and doing more general real estate work than property management, starting as an estate attorney is one way to get into real estate.

The benefit of working as an estate attorney is that you can specialize in different areas of law, including trusts and wills, probate and elder law. If you enjoy client interaction and working on cases where there are no right answers, starting as an estate attorney may be right for you.

17. Mortage loan officer

If you’re just beginning your career and don’t have an established track record, a mortgage loan officer position is one of your best options for getting a real estate-related job.

Mortgage companies are looking for people with strong problem-solving and communication skills who are comfortable dealing with different types of personalities and circumstances.

These jobs may pay less than others on average, but they allow entry-level real estate professionals to gain experience while simultaneously paying their bills. This puts them in prime position to move into higher paying jobs down the road.

Working as a mortgage loan officer can be an excellent way to enter real estate. The vast majority of new agents start off their careers as loan officers at big banks and credit unions, which often lead to contacts within real estate brokerage companies that can easily transition into full-time or part-time jobs.

It also helps to give you some experience dealing with real estate clients, so you understand what they’re going through when you’re trying to sell them something. Make sure your state has licensing requirements if you’re pursuing this path; it varies from state to state.

FAQs on real estate investment trusts

Is real estate investment trusts a dying career?

Not necessarily. But it is a tough industry to enter, and even harder to rise through it. Still, you don’t need to spend a fortune on an MBA or set your sights on running a Fortune 500 company to be successful.

The fact is that there are plenty of rewarding careers in and around real estate, some of which pay extremely well (and don’t require years of work experience). Whether you’re interested in becoming a broker or looking for another option entirely, here’s a look at some of your options.

what is the fastest way to make money in real estate investment trusts?

Real estate offers some of the quickest ways to make money. However, it’s not without its fair share of risks. If you want to grow your nest egg quickly and safely, consider starting a part-time property management business.

With a small investment, you can begin managing properties as a side hustle while still holding down your day job. A property management company typically handles leasing, advertising, maintenance and accounting functions for landlords so that they don’t have to worry about them directly.

How many jobs are available in real estate investment trusts?

3.5 million jobs in real estate are available, according to data from U.S. Bureau of Labor Statistics (BLS). About 1.7 million of these are considered self-employed positions, which have median earnings of $64,000 per year. Another 2.8 million jobs are salaried and have median pay at $63,000 annually. The highest paying jobs in real estate include loan officers, real estate brokers and agents, appraisers, property managers and buyers/brokers. The lowest paying jobs are janitors, maids and cleaners. According to BLS, nearly all real estate job openings are located in major metropolitan areas such as New York City; Washington D.C.; Chicago; Los Angeles; Miami; Philadelphia; San Francisco and Seattle.

How does real estate investment trusts work?

REITs are companies that purchase and rent out properties like office buildings, shopping malls, hotels, and apartments. As far as investing goes, REITs tend to be riskier than other vehicles but they can offer an above-average return. When you buy a share of a REIT you’re essentially taking ownership in all of its property investments—but because it is publicly traded investors don’t directly profit from rental income.

Advantages of investing in real estate investment trusts

A real estate investment trust, or REIT, is a company that pools money from investors in order to acquire and/or manage properties. In most cases, investors who purchase shares in REITs are investing in real estate without actually having to physically own property. As such, REITs provide an interesting way for investors to get involved with real estate while minimizing their risk of loss if they’re investing in something they don’t understand. Here are some advantages of investing in REITs

Disadvantages of investing in REITs

A REIT (Real Estate Investment Trust) is a special type of company that takes investment from individuals, banks and other firms and invests it in commercial or residential property, either directly or through third-party companies. Here are some of the major disadvantages: 1. The best thing about investing in property directly is you get to handle your own affairs as you see fit.

How to get started with real estate investment trusts?

The process of purchasing REITs can be complex, but it’s not impossible to do. First, you’ll need to decide whether you want to purchase shares in specific REITs or invest in an exchange-traded fund (ETF) that will allow you to own multiple REITs at once. If you choose to invest in individual companies, research each one and ensure they are safe investments by verifying that they are high-quality holdings.

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