10 Best Paying Jobs In Real Estate Investment Trusts
So you want to work in real estate investment trusts (REITs)? Excellent choice! REITs are a great way to invest in real estate without actually having to buy and manage the property yourself. But what are the prospects of career in real estate investment trusts and the best-paying jobs in this industry? Keep reading to find out!
What are REITs?
The Real Estate Investment Trusts or REITs are a company or a trust that own or finance income-producing real estate. It is important to note that this is a very broad and diverse sector as it comprises property types like office buildings, apartments, shopping centers, warehouses, and healthcare facilities.
The REITs are not required to pay corporate taxes, and the income is distributed to shareholders through dividends. The REITs are unique in the sense that they combine the properties of a corporation and the properties of a mutual fund.
It’s no secret that REITs have been on the rise in recent years. In fact, they’ve been one of the best-performing asset classes of the past decade. This popularity is due in large part to the fact that REITs offer investors a unique combination of high income and potential for capital appreciation.
But what are the best-paying jobs in the REIT industry?
To answer this question, we’ve compiled a list of the 10 highest-paying REIT jobs. So, if you’re looking to make a career in the REIT industry, here are the jobs to aim for:
Career in REITs
1. Real Estate Agent
A career in real estate can be very rewarding. Real estate agents can make a lot of money, and the job prospects are good. There are many different types of real estate agents, and each has its own set of skills and knowledge.
Real estate agents can specialize in residential, commercial, or industrial properties. They can also work in different parts of the country or world.
2. Real Estate Broker
We’ve all heard of real estate brokers, who are skilled at negotiating property sales. This is a well-paying position in the REIT industry.
Keep in mind that being a broker is not the same as being an agent. Brokers must have a license and should have passed the basic qualifying exam. They specialize and are awarded credentials that allow them to work alone or in collaboration with the agents.
Real estate brokers in Real Estate Investment Trusts typically earn a salary plus commission. The salary will vary depending on the size and location of the firm, but the average salary for a broker in Real Estate Investment Trusts is $50,000-$60,000 per year. The average commission is 2.5% of the property’s sale price.
3. Real Estate Investor
As a real estate investor in a REIT, you would be responsible for acquiring and managing properties for the trust. This would involve finding properties that fit the trust’s investment criteria, negotiating purchase prices, overseeing renovations and repairs, and marketing the properties to potential tenants.
The job outlook for real estate investors is positive, as the demand for REITs is expected to continue to grow. If you have experience in the real estate industry and are interested in a high-paying job with good job security, then a career as a real estate investor in a REIT may be the right choice for you.
One of the best-paying jobs in the real estate investment industry is that of an acquisition specialist. Their role is to secure capital for new enterprises and close the deal. To be effective, an acquisition expert must be very strong with statistics and have a degree or experience in the financial market, management, banking, or promotion. Once they have developed some skills, they may easily earn $200,000 per year with prospects for increments.
5. Development Expert
A career as a development expert in real estate investment trusts can be quite lucrative. This position involves working with investors to identify and develop new real estate investment opportunities. If you have a background in real estate and finance, this could be a great career option for you.
The duties of a development task are not limited to desk work. You are also responsible for construction and project management. This job will require you to work with contractors, subcontractors, and interior designers, so you are expected to be on-site most of the time.
You will be responsible for everything from start to finish of the project. This is one of the highest-paying positions in a REIT, with salaries in the six figures. This job is physically demanding but has a lot of potential. If you are given the opportunity to work in this field, take it.
6. Relations Consultant
If you’re looking for the highest-paying employment in real estate investment trusts, this is the most promising opportunity for you. Many people prefer to work as relations consultants, since real estate investment trustees often have the best compensation. This is a desk job in which you must communicate with investors and persuade them of the profitability of the project.
You will need to find an opportunity that you think will make money before talking to them. It is your responsibility to keep good relations with investors and dealers. You will need to give investment reports and plan teams for meetings and seminars.
7. Real Estate Attorney Jobs
There are many different types of real estate attorneys, but all of them generally work on behalf of their clients to help them navigate the legal aspects of buying, selling, or leasing property. Real estate attorneys can work for individuals, businesses, or developers, and their job duties may vary depending on their employer. However, all real estate attorneys must be knowledgeable about state and local laws governing real estate transactions, and they must be able to advise their clients on how to best protect their interests.
The career prospects for real estate attorneys are generally good, especially for those who are able to find work with large and well-established firms. The job market for real estate attorneys is expected to grow in the coming years, so those who are interested in this field should have plenty of opportunities to find work.
The job outlook for analysts in real estate investment trusts is positive. The median salary for these professionals is $85,000, and the top earners make upwards of $200,000. There is a growing demand for analysts who can provide insights into the trends and performance of the real estate market.
With the right skills and experience, analysts in this field can expect to find good job prospects and earn a comfortable salary.
9. Asset Management
The career prospects for asset management jobs in real estate investment trusts are quite good. With the ever-increasing demand for properties and the need for more efficient and effective management of these properties, those working in this field should see plenty of opportunities for advancement.
Additionally, the pay is quite good for asset management jobs in real estate investment trusts, making this a great option for those looking to enter the field.
10. Real estate property appraiser
A career as a real estate property appraiser in a real estate investment trust (REIT) can be very lucrative. As an appraiser, you would be responsible for estimating the value of properties that are being considered for purchase by the REIT. This would involve analyzing the property, considering its location and market conditions, and making a recommendation to the REIT.
The average salary for a real estate property appraiser in a REIT is $120,000. However, the top earners in this field can make well over $200,000 per year.
With an ever-changing economy, some jobs become more in demand than others. Real estate investment trusts provide stability and typically offer great pay and benefits. The list of the ten best-paying jobs in real estate investment trusts should help point you in the right direction if you’re interested in a career change or looking for your next great opportunity.
With such a wide range of options available, there’s sure to be a perfect fit for everyone.