Real estate is said to be the oil well; with its ever-appreciating value, it holds a lot of prospects.
Being a largely untapped industry, Real estate investment trusts (REIT) creates vast employment opportunities causing the previously unknown industry to thrive and boom.
Probably you’re considering joining this industry or investing in it, or just thinking about some of the best paying jobs in Real Estate Investment Trusts? There are numerous job opportunities to pick from.
Contrary to popular knowledge, owning a real estate investment, or property management are not the only options you have for a real estate-related income stream.
Here in this article, we will be showing you the top 12 best-paying jobs in real estate investment trusts, but before we do that, here is what real estate investment trust is all about. Read on!
What Are Real Estate Investment Trusts?
The term Real estate investment trusts (REIT) refers to companies that own income-generating real estate mortgages or properties and sell or lease them to tenants.
The profit generated afterward is then shared amongst shareholders as dividends.
Being a proven alternative way to invest in real estate, Real estate investment trusts (REIT) affords existing and new investors the opportunity to diversify their portfolios by investing in real estate instead of stocks or bonds.
Top 12 Best Paying Jobs in Real Estate Investment Trusts 2022
1. Real Estate Broker
More like different sides of the same coin, the job description of a real estate broker is very similar to that of a real estate agent in the sense that they both help real estate property buyers and sellers meet, and vice versa.
The main difference, however, between the two lies in the persons they work for; what we are trying to say is that, all most every real estate agent work for brokerage firms.
However, a real estate broker can work as an independent contractor without joining any brokerage firm but then he must have at least three years of experience as a real estate agent allowing him to easily start his own brokerage firm.
The two jobs are seemingly interconnected.
For instance, while a real estate broker can work independently, they must first have prior experience as a real estate agent for around 1-3 years.
Becoming a real estate broker is a great choice as it is one of the best paying jobs in real estate investment trusts, as you determine your own income. And, your hard work, knowledge, and skills determine your paycheck.
On average, real estate brokers in the US earn around $72.5K annually, based on Glassdoor’s estimates.
2. Real Estate Investor Jobs
Being an investor also ranks high among the best-paying jobs in real estate investment trusts.
This is among the most sort after a career in this industry.
A real estate investor’s job involves buying real estate assets, adding value to the property, and then selling them at higher prices. Sounds very appealing right?
Well, inasmuch as this may look quite profitable, it’s also not all easy and rosy.
If you want to make reasonable profits, you will have to know where and when to buy properties, as well as when to sell them.
This means that you must be keen on doing extensive research about the market at all times.
3. Real Estate Agent Jobs
A real estate agent will pass as one of the best-paid jobs in real estate investment trust in the real estate sector.
The job description for real estate agents is very simple; to assist prospective buyers and sellers in either buying or selling real estate properties.
A real estate agent’s job may vary depending on where they work and what they do, for instance, you can be an agent helping buyers get properties or helping sellers get buyers.
Also, you can specialize just in residential properties or commercial ones alone.
Agents dealing with residential properties help connect buyers and sellers of residential real estate properties.
These properties include single-family homes, luxury homes, condos, vacation homes, etc.
As for the commercial real estate agents, the properties include shopping malls, warehouses, rental apartments, hotels, etc.
Requirements here are a bit different as you need to have some background in business and finance, this is because as a commercial real estate agent, you will be dealing with finance-related data such as the internal rates of return, gross rent multipliers, and capitalization rates.
4. Real Estate Property Appraiser
A property appraiser is a real estate professional trained to properly evaluate and determine the value of a property, and its market value based on various economic indicators.
A real estate property appraiser needs to have avast knowledge of how the real estate market works and how various factors such as location affect a property’s value.
And as for the annual salary, appraisers earn an average of $53k with the option of working independently too.
5. Real Estate Attorney Jobs
Real estate attorneys work to settle various disputes in property ownership and transfers, be it with the issuance of titles, transfers, documentation, or any other legal issues pertaining to real estate properties, the attorneys act as mediators.
In addition, they offer legal guidance to both sellers and buyers of real estate properties.
This ensures that both parties follow the necessary legal framework for the transactions, preventing various disputes.
The annual salary for a real estate attorney is around $119k annually, making it one of the best-paying jobs in real estate investment trusts.
7. Property Manager
The real estate investment manager’s job description includes ensuring that both the physical and financial status of these properties remains attractive and still holds market value.
Also, you not only cater to the investors’ needs but also to the need of the property and the tenants.
Satisfied tenants make your work easy and ensure that you hit the investors’ financial goals.
The paycheck is good too as property managers earn an average of $54 annually in the US.
8. Real Estate Developer Jobs
Unlike the real estate investor who buys existing real estate properties and resells them, a real estate developer, on the other hand, acquires land and builds the properties to sell.
Real estate developers handle the construction of the buildings from scratch, right from planning to financing and coordination.
As a real estate developer, you will be working closely with various professionals to guarantee a seamless process; these include architects, engineers, lawyers, contractors, leasing agencies, etc.
9. Leasing Consultants
Leasing Consultants are the public face of the real estate industry.
They help people to find property and housing options that suit their budgets and preferences.
Considering starting a career in real estate investment trusts, a leasing consultant wouldn’t be a bad choice.
It is a great start for a progressive career, aiming for higher positions and roles such as becoming a marketing director.
Extensive knowledge of the local real estate market is a prerequisite to succeeding in this career path.
The more knowledgeable you are in this field, the easier it will be for you to get your clients what they want.
You will also need to have good interpersonal skills, as well as marketing and promotion ones.
Prior experience in the hospitality or retail industry might be an added advantage as you already know how to deal with people.
10. REIT Analyst Jobs
A REIT analyst assists the real estate and finance departments in the acquisition, disposition, marketing, and financing of properties.
They help to research, analyze, and monitor the real estate market trends, allowing the company to make informed property decisions.
As a REIT analyst, you will be required to run financial models on the company’s current assets and acquisitions, using various financial tools. For this reason, you must be well-versed in the financial field.
11. Investor Relations
The job specification of this role is to help take stock, by coordinating meetings annually giving financial statements and summary reports to all REIT shareholders.
You just basically work with the REIT shareholders and manage the entire communication process.
12. Sales and Marketing Director
Here you are saddled with the responsibility of finding suitable properties for investment, negotiating with sellers and buyers, and documenting all transactions.
For this job, you have to have experience in the capital markets, finance, marketing, or general business to apply for this kind of position.
How to Get Best Paying Jobs in Real Estate Investment Trusts?
Now that you know about the best-paying jobs in real estate investment trusts, and how many jobs are available in real estate investment trusts, you might like to join this community.
However, you need to understand how to get one of the best-paying jobs in real estate investment trusts.
- First of all, think about the kind of vocation you like and consider if it suits your range of abilities or not. If you need instructive or professional training, set a system for acquiring it.
- Then you have to read and learn more about the topics, like finance, real estate, business organization, deals, and speculation.
- After searching about the numerous jobs that REITs involve, it is time to start with a section-level position.
The real estate industry is booming rapidly, and the good thing is that it is still very much untapped.
There won’t come a day where people won’t need buildings either for residential houses, businesses, or other facilities, so the real estate industry holds a lot of prospects for investors.
You won’t be wrong if you decide to invest in this fast-growing industry. If this article was helpful, kindly share.