Budgeting 2020
Your Most Important Expense
W
hen it comes to budgeting
for next year, remember the
most important expense is
your team! They keep your business
running, and with 30,000 apartment
homes under construction, it is
becoming more diffi cult to retain talent.
The Metro Denver Apartment
Industry Compensation Report
features average & median salaries,
bonuses, allowances, highs & lows,
and detailed analysis for the following
positions: Leasing Consultants,
Maintenance Technicians, Assistant
Managers, Housekeepers, Maintenance
Supervisors, Groundskeepers, Property
Managers, Regional Managers and VP/
Senior Management.
Here is a glimpse of some statistics
for Property Managers and Maintenance
Supervisors:
355
PROPERTY MANAGERS (ALL)
9.6%
CHANGE IN COMPENSATION
(SINCE 2017)
3.5
31%
3.2
Fewer than 100
3.7
100-199 Units
3.1
200-299 Units
AVERAGE TENURE
(YEARS)
94,381
TOTAL UNITS
RESPONSES
ANNUAL EMPLOYEE
TURNOVER
3.8
300-499 Units
4.0
More than 500 Units
AVERAGE COMPENSATION / EMPLOYEE SUPERVISED
Incentive Based
14.3%
Base Salary
85.7%
$74,857 5.3
AVERAGE OVERALL
COMPENSATION AVERAGE NUMBER OF
EMPLOYEES SUPERVISED
$19,019
$40,251
$20,277
Fewer than 100
FEWER THAN 100 UNITS
100-199 UNITS
200-299 UNITS
$49,397
$56,351
8.5%
AVE BASE
SALARY
AVE TOTAL
SALARY
1.4 EMPLOYEES
CHANGE IN COMPENSATION
(SINCE 2017)
$57,861
AVE BASE
SALARY
AVE TOTAL
SALARY
3.4
3.3 EMPLOYEES TENURE
AVERAGE
(YEARS)
$64,898
AVE BASE
SALARY
Fewer than 100
100-199 Units
$11,904
200-299 Units
$76,003
AVE TOTAL
SALARY
307
RESPONSES
AVE BASE
SALARY 3.8
$87,369
85,480
TOTAL UNITS
$74,903
AVE TOTAL
SALARY
AVE BASE
SALARY
48%
3.6
100-199 Units
200-299 Units
4.8 EMPLOYEES
2.8
3.8
3.9
More than 500 Units
AVE TOTAL
SALARY
EMPLOYEES
ANNUAL 15.9
EMPLOYEE
TURNOVER
7.1 EMPLOYEES
300-499 Units
More than 500 Units
MORE THAN 500 UNITS
$84,283
$71,544
$5,481
300-499 Units
300-499 UNITS
MAINTENANCE SUPERVISORS
SUPVERVISORS (ALL)
$67,523
$15,768
AVERAGE COMP PER EMPLOYEE
SUPERVISED
PROPERTY MANAGER
page 7
AVERAGE COMPENSATION / EMPLOYEE SUPERVISED
Incentive Based
10.8%
Base Salary
89.2%
$59,648 2.0
AVERAGE OVERALL
COMPENSATION AVERAGE NUMBER OF
EMPLOYEES SUPERVISED
$57,501
$52,834
$41,899
$30,587
$47,161
AVE BASE
SALARY
www.aamdhq.org
$52,834
AVE TOTAL
SALARY
$12,810
AVERAGE COMP PER EMPLOYEE
SUPERVISED
Fewer than 100
FEWER THAN 100 UNITS
$38,079
100-199 Units
200-299 Units
300-499 Units
GET THE 2019 COMPENSATION REPORT AT
WWW.AAMDHQ.ORG/COMPSTUDY
100-199 UNITS
$48,721
AVE BASE
SALARY
$53,476
AVE TOTAL
SALARY
200-299 UNITS
$52,539
AVE BASE
SALARY
$58,658
AVE TOTAL
SALARY
300-499 UNITS
$57,484
AVE BASE
SALARY
$64,735
AVE TOTAL
SALARY
More than 500 Units
MORE THAN 500 UNITS
$62,693
AVE BASE
$71,734
AVE TOTAL
AUGUST
2019 SALARY TRENDS | 21
SALARY