stmThe best paying jobs in real estate investment trusts are not usually as competitive as most people put it, but you will need to have some real qualifications to have a shot at them.
If you are passionate about working in the real estate industry, then it’s best you know the top paying jobs, which is what I will show you in this guide.
Now before we go into all of that fully, let’s get to understand what a real estate investment trust is all about.
What Is A Real Estate Investment Trust?
A real estate investment trust is any company in the real estate industry that specializes in the buying, managing or financing of houses, offices, lands, warehouses, factories and other real estate projects to generate or maximize income. They are also called REIT in short form.
A majority of REIT just focuses on acquiring and operating their own properties. Others on the hand, focuses on just financing income generating projects.
This later group most often, allows individuals and other establishments to invest with them and get a percentage of their ROI paid on an agreed time basis. Usually monthly, quarterly or annually.
The success of every real estate investment trust depends largely on its workforce. That’s why they’re always looking out to hire the best hands.
Are REITs Jobs Worth It?
While many may have differing opinions on this, I believe the best way to figure out if having a career in REIT is worth it is to consider the pay.
Regardless of how much you enjoy doing a job, if your salary isn’t enough to meet your needs, then it’s definitely not for you.
Speaking of salaries, it is estimated that REITs pay an average of $53,000 to $124,000, depending on a person’s position, qualifications and skills. This makes real estate investment trust jobs one of the best jobs anyone can ever have.
Also Read: Best Paying Jobs In Energy
How Do You Get A REIT Job?
To land a job in real estate investment trust, you need to first ensure that you are well qualified for it. No one will hire you to do a job you are not qualified for.
Aside that, you also need to have a very stunning CV. A CV that showcases all your skills, experience and certifications will speak far more than anything else.
While on the job hunt, create social media accounts and be ready to talk about yourself in your profile. I recommend you start with a LinkedIn account and follow different REIT companies on the platform to get notifications of when they have openings you can fill.
After setting up your social media accounts and following REIT firms there, you can as well submit your CV with top recruiters online. A simple Google search will reveal the ones in your country to go with.
Lastly, always find time to visit REIT websites and see if they have vacancies you can fill. If they do, apply as fast as you can after through their requirements carefully.
These are one of the steps to take to get a REIT job and earn a decent income for as long as you are working there.
While on it, let me show you the highest paying REIT jobs to apply for regardless of your country.
Top 10 Best Paying Jobs In Real Estate Investment Trusts
The following is a list of the top paying REIT jobs across the world:
1. Real Estate Developers
When it comes to earnings, real estate developers are some of the highest paid workers in the industry.
Their job involves acquiring landed properties in the choicest locations and building on them from the scratch.
Once the buildings have reached completion, they’ll be sold at a much higher price for profits.
Among the most popular types of properties real estate developers work on are: apartment buildings, warehouses, single family houses, offices and so on.
The good thing about being a Real Estate developer is that once you have the needed qualifications, you can either work independently or in a firm. And you can make beyond $53K per year as salary while doing that.
2. Real Estate Investors
A real estate investor job may sound like that of a developer, but they actually differ from each other.
The major difference between them is that real estate investors do not spend their time developing buildings from the scratch. They buy already completed buildings and resell them at a higher rate.
Real estate developers on the hand spend their time sourcing for lands, planning to type of buildings to construct there and finally setting it up.
Real estate investors earn as much money as needed to have a decent living in the US, UK, Canada, Australia and so on.
On average, they earn around $124,000 per year.
3. REIT Property Managers
Property management jobs in real estate investment trusts actually pays very well. Having the needed certifications can set you up for a very successful career in the industry.
You can find REIT property management jobs online on top job posting websites. Employers may also like to take a look at your LinkedIn account. So ensure have it ready before applying.
According to our research, Property Managers in REITs are paid above $54,000 on average in different countries across the world.
4. Real Estate Analysts
You can’t talk about the highest paying jobs in real estate investment trusts without mentioning real estate analysts.
The main scope of their job involves helping REITs analyze properties, study the trends and working hand in hand with other departments to decide what’s best for the companies in terms of investments.
They are paid about $82,000 as salary per year.
5. REIT Attorneys
Every real estate investment trust needs an attorney to help with drafting agreements, dispute resolutions and legal advice. They can be hired on a part time or full time basis.
Becoming a REIT attorney may take longer to achieve, as it requires lots of qualifications which will keep you in school far longer than other careers. But it in the long run, it pays better than most others too.
In United States and many parts of the world, REIT attorneys earn about $119,000 per year.
6. Leasing Consultants
Like the name suggests, leasing consultants help clients make informed decisions on which property to lease. They also serve as a major link between property owners and renters.
Most people making it big in the real estate industry today started out as leasing consultants or agents.
Speaking of their earnings, leasing consultants can get up to $50,000 per year in the US and other tier 1 countries.
7. REIT Brokers
Real estate investment trust brokers are very important in the industry. They serve as a link between property sellers and buyers.
While some work with already established firms, others own their own companies and have agents working under them.
Being a REIT broker, you stand a chance of making not less than $70,000 per year. Those working independently may even make far more than this figure every year.
8. REIT Property Appraisers
Have you ever needed to buy a property but feared that you may be spending more than it’s truly worth?
That’s where property appraisers come in. Their job revolve around helping real estate companies and clients analyze and determine the true worth of a real estate. Whether lands, apartment buildings, single family houses, warehouses and so on.
In many parts of the world, becoming a property appraiser can be a decent way to earn substantial income monthly.
9. REIT Agents
Real estate agents jobs are closely related to that of leasing consultants and property brokers, though there’s still a major difference between them.
REIT agents earn a commission from both their clients and property owners for every successful deal that came through them.
The most beautiful thing about being a REIT agent is that there’s really no limit to how much one can make in a year. It all depends on your effort, knowledge and strategies.
10. Real Estate Relationship Managers
Want to have a complete list of the best paying jobs in real estate investment trusts? Add relationship managers to it. They may not be as popular as real estate agents, investors and developers, but at the end of the day, they’re among the ones making the biggest money in the industry.
You can choose this job and build a very successful career on it.
Final Words On The Best Paying Jobs Real Estate Investment Trusts
Every one of the jobs featured here are among the top paying jobs in the real estate industry. So if you are searching online for the highest paying REIT jobs to choose a career path, kindly choose from any of the options listed here.
I hope you find this information useful.
stm