Base Pay vs . Incentive Pay
Here is a breakdown of how each position ’ s base salary compares to that positions ’ s “ incentive ” pay , which includes bonuses , commissions , annual incentives and apartment allowances in some cases …
• Managers : 85 % of comp from BASE PAY , vs 15 % incentives & other
• Assistant Managers : – 85 % BASE , 15 % incentive & other
• Leasing Positions : 79 % BASE , 21 % incentive & other
• Groundskeeper : 92 % BASE , 8 % incentive & other
• Housekeeper : 91 % BASE , 9 % incentive & other
• Maintenance Technician : 91 % BASE , 9 % incentive & other
• Maintenance Supervisors : 89 % BASE , 11 % incentive & other
• Maintenance Director : 88 % BASE , 12 % incentive & other
• Regional Manager : 85 % BASE , 15 % incentive & other
• VP / Exec : 80 % BASE , 20 % incentive & other
Doing More with Less
Turnover Since 2020
POSITION 2022 RATE 2020 RATE CHANGE Property Manager 33 % 31 % + 2 % points Assistant Manager 39 % 37 % + 2 % points Leasing Professional 49 % 38 % + 11 % points Maintenance Supervisor 30 % 48 % -18 % points Maintenance Technician 47 % 52 % -5 % points Housekeeper 24 % 37 % -13 % points Groundskeeper 48 % 17 % + 31 % points Regional Manager 11 % 16 % -5 % points VP / Executive 8 % 2 % + 6 % points
Doing More with Less
What a Manager or Regional Manager gets compensated is rarely compared to what the value of the assets they manage . We ’ ve taken the time to illustrate just how much in value a manager is overseeing in terms of dollars and just how few of people are on-site operating these properties . Here we ’ ve broken down how many people a Manager and Regional Manager oversee ( compared with 2 years ago ). Further , the illustration below shows how much in valued assets that manager or Regional Manager is overseeing . These statistics are broken down by the same ( Unit Count ) categories that the report illustrates with compensation categories .
BUDGETING
AAMD would like to thank the participating companies for confidentially sharing their compensation data . We encourage any feedback or comments . For additional information , questions , or feedback please contact Mark Williams , Executive Vice President for the Apartment Association of Metro Denver . mwilliams @ aamdhq . org .
Mark Williams is Executive Vice President at Apartment Association of Metro Denver .
A Manager Supervises : |
And oversees value of assets … |
with average Annual Revenue of … |
Up to 100 Units |
1.5 Employees (* 1.7 in 2020 ) |
$ 25 Million |
$ 1.7 Million |
100-199 Units |
2.8 Employees (* 3.1 in 2020 ) |
$ 48 Million |
$ 3.3 Million |
200-299 Units |
4.1 Employees (* 4.1 in 2020 ) |
$ 79 Million |
$ 5.4 Million |
300-499 Units |
6.5 Employees (* 7.5 in 2020 ) |
$ 120 Million |
$ 8.3 Million |
500 + Units |
10.4 Employees (* 12.8 in 2020 ) |
$ 185 Million |
$ 12.8 Million |
A Regional Manager Supervises : |
And oversees assets valued at … |
with average Annual Revenue of … |
Up to 750 Units |
15 Employees (* 17 in 2020 ) |
$ 200 Million |
$ 13.8 Million |
750-1500 Units |
24 Employees (* 26 in 2020 ) |
$ 360 Million |
$ 24.9 Million |
1500 + Units |
41 Employees (* 39 in 2020 ) |
$ 740 Million |
$ 51.2 Million |
www . aamdhq . org OCTOBER 2022 TRENDS | 33