The realm of real estate is a relatively new and exciting sector. Which then makes a lot of people consider investing in it. So, knowing the best paying jobs in real estate investment trusts will benefit you.
The purpose of REITs is to allow investors to invest in real properties and enjoy the benefits emanating from their investment.
The top 20 best paying jobs in real estate investment trusts opportunities and other related issues in REITs will be covered in this article.
Why Choose Real Estate Investment Trusts?
Real Estate Investment Trust (REIT) primarily invests in income-generating real-estate investments or related assets. The purpose of REIT is to allow investors to invest in real properties and enjoy the benefits emanating from their investment.
Before the advent of real estate investment trusts, investors could only invest in real estate by buying houses or building one. With the dawn of REIT, investors can capitalize on units of real properties in the stock market.
In a REIT, the investor purchases shares of the trust through which they are given the right to receive periodic payments and a share of the property’s stock gains. Investing in a single property rather than a portfolio of securities allows investors to exert control over their investment.
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What Are The Different Types Of Real Estate Investment Trusts Jobs?
The real estate sector grows by the day, and the chances to make a living through real estate investment trusts grow tremendously. The opportunities are limitless, whether you want to capitalize on or get a job with REIT companies.
The sphere offers a wide range of career opportunities many don’t even know exist. Asset management, development, acquisition, and investor relations have the highest salaries in REITs.
Since real estate investment trusts have a variety of job openings, there are more than a thousand positions available, and these openings are broad categories under three types. These different types of REITs are:
- Equity REITs – They buy, hold and manage commercial and rental properties. However, they will fund these properties in many cases; their fundamental focus is on profits through acquisition and management.
- Mortgage REITs – Though they do not purchase, own or manage properties, they primarily capitalize on mortgages on real estate properties. Though these assets serve as collateral for the loans the mortgage REIT invests in, the REIT has no ownership position in the property itself. They profit from the loans given.
- Hybrid REITs – These types of REITs incorporate the investment strategies of equity REITs and mortgage REITs by ingraining properties and mortgages. This variegated approach reduces hazards while yielding pliability for REIT managers. Investors go for this recourse when they are hesitant about the type of REIT they want to venture into or if they desire the REIT manager to have the discretion to modify the REIT’s portfolio based on growing economics, property values, and interest rates.
What Are The Benefits Of A Career In REITs In 2022?
In the past, REITs have traditionally offered substantial returns based on strong, reliable dividend income and long-term capital appreciation. Additionally, because of their very low interdependence with other assets, they form an excellent portfolio expander that may minimize risk and maximize rewards.
Real estate investment trusts have several peculiarities. This is because they frequently pay out high dividends and have a decent chance of seeing long-term capital growth; REITs are investments that provide a total return.
The long-term total returns of REIT stocks are more likely to exceed those of lower-risk bonds and are comparable to those of value stocks. Due to the reliable dividend income that REITs offer, they are a substantial investment for retirees who wish to become independent in their old age and those who want a steady income to cover their living needs. Because REITs are required to distribute at least 90% of their taxable profits to stockholders each year, REIT dividends are often high.
REITs offer investors:
- Competitive Long-Term Performance: REITs provide comparable Long-Term Total Returns to other Stocks.
- Significant, Stable Dividend Yields: In the past, REIT dividend yields have generated an ongoing income stream throughout various market circumstances.
- Liquidity: Shares of publicly traded REITs can be easily exchanged on the major stock markets, which provides liquidity.
- Transparency: The business and financial media, unconventional directors, analysts, and auditors keep an eye on the conduct and prospects of listed REITs. With the aid of this oversight, investors have access to a variety of financial indicators and a gauge of safety.
- Portfolio Diversification: REITs give investors a way into the real estate industry with often a vast connection to other stocks and bonds
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How Many Jobs Are Available In REITs?
The REITs are lucrative sectors and offer several jobs for anyone seeking to venture into a career in the REITs sphere.
What Are The 20 Best Paying Jobs In REITs?
To help you find the right opportunity, here are the 20 best paying jobs in real estate investment trusts that pay well over minimum wage.
1. Principal Director
Salary: $25,000 to $121,000 annually.
Their main responsibility is to manage everything that happens, from capital oversight to policy development, and they have extensive expertise in the real estate investment trusts sector.
Job Responsibilities:
- Managing money
- buying real estate stocks
- increases the value of a property
- adopting strategies to get a higher salary
2. Analyst
Salary: $79,360 to $150,490 Per Year
They provide communication, active research, and analytical support to the financial department.
Jobs duties
- Researching
- Overseeing complex tasks
- Evaluating commercial real estate
- Observing current marketing trends
- Identifying profitable investment opportunities
3. Officer of Compliance
Salary: $66,000 – $157,000 per year.
They operate legally because they are skilled at managing risks and are aware of their responsibilities.
Job Duties:
- Discovering flaws
- Launching and updating the corporate policies
- Facilitating a successful compliance program
- Establishing and monitoring internal controls
- Educating and training staff on the objectives and dangers of the company
4. Real Estate Agent
Salary: $45000- $112000 per year
A mediator between buyer & seller that provides thorough guidance with sales, communication, and negotiation skills. Pleasant and trustworthy behaviour will be a perfect fit for this position.
Job Duties:
- Developing networks
- Validating paperwork
- Perform market analysis
- Updating list of available properties
- Guiding and assisting both sellers and buyers
- Analyzing client’s requirements and financial budget
5. Property Appraiser
Salary: $14,000 to $142,000 yearly.
They offer the precise worth of the property thanks to their astute market knowledge.
Job Duties:
- Going to Websites
- Creating analyses-based reports
- Ratings and evaluations of properties
- Examining all variables that affect the market value of a property
6. Attorney
Salary: $134,943 to $171,444 yearly
Attorneys perform the duties of an internal counsellor while handling tax and legal matters. They pay great attention to detail because they are in charge of such a significant business area. You could save $10,000 in 6 months if you worked at one of the higher-paying jobs.
Job Duties:
- Reviewing and writing reports
- The defence of the business against legal threats
- Rules and regulations guide managers.
- Attending legal meetings and representing the company
- Handling every legal process, including agreements, patents, etc.
7. Real Estate Broker
Salary: $10,000-$150,000 yearly plus commission
By bringing up local amenities, you may help sellers promote their houses. Any business or person can profit from their sales and demonstration abilities. As a result, this job is one of the well-paying independent contractor jobs that provide us with many advantages.
Job responsibilities:
- Going to auctions of real estate
- The control of real estate brokers
- Showing potential buyers a property
8. Property Manager
Salary: $31,330 to $134,570 yearly
They are responsible for keeping the property in good condition and ensuring customer pleasure. They improve revenue and asset value by using a customer-focused strategy.
Job Duties:
- Fulfilling financial objectives
- Taking care of maintenance and inspecting
- Budgeting annually and carrying it out
- Relationships with tenants being kept positive
9. Drafters
Salary: $36,590- $83,740 yearly.
A professional who can turn designs into plans with the help of a team of engineers and architects and fulfil clients’ structural and designing requirements.
Job Duties:
- Creating designs.
- Finalizing designs.
- Inspecting materials required.
- Getting the drafts sanctioned by clients or higher authorities.
10. Leasing Consultants
Salary: $28,796- $35,371 yearly
A competitive approach toward client-grabbing opportunities leads them to the right path.
Job Duties:
- Securing Tenants
- Completing agreements
- Identifying opportunities
- Negotiating leasing terms
- Validating clients information
- Keeping track of property status
11. Investor Relation Officer
Salary: $112,905 to $159,403, per annum.
They bridge the gap between the management team and the investors through effective communication and self-assurance.
Job Duties:
- Looking at performance
- Financial model analysis
- Educating the company’s spokesman
- Keeping up good investor relations
- Making presentations and press releases
12. Accounting Manager
Salary: $100,114 to $126,843 yearly.
Monitors everyday operations by keeping tabs on the financial situation. The ideal applicant is familiar with saving money’s general rule of thumb.
Job Duties:
- Enhancing systems
- Ensuring precision
- Achieving financial goals
- Conducting yearly audits
- Observing appropriate accounting principles and procedures
- Executing all accounting tasks, such as debt management, cash forecasting, and budgeting.
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13. Asset Management Associate
Salary: $26,920 to $100,000 yearly.
They build clients’ portfolios and preserve financial stability to maximize returns or investments.
Job Duties
- Increasing revenue
- Reducing the risk and loss
- Trends and patterns detection
- Putting cash into prospective initiatives
14. Service Associate
Salary: $31,550- $40,553 per annum
The face and voice of a company as they are the polite listeners that work with customers and fulfil their utmost needs.
Job Duties:
- Solving customers inquiries
- Maintaining positive attitude
- Communicating with customers
- Handling complaints and providing solutions
15. Administrative Assistant
Salary: $38,164 to $48,198 yearly.
All employees can benefit from their assistance because they handle back-office tasks with expert software understanding and management.
Job Duties:
- Meeting schedule
- keeping a file system up
- Reserving travel accommodations
- Receptionist and call-forwarding
- Make plans and appointments.
16. Marketing Manager
Salary: $95,948 to $129,647 yearly.
The best candidate for the job is someone who is completely immersed in marketing. Their original suggestions boost the business’s profits.
Job Duties
- Developing a marketing plan
- Approving promotional materials
- Examination of customer behaviour
- Marketing initiatives are implemented
- Examining the measurements and trends in social media
17. Human Resource Manager
Salary: $75,600- $228,000 yearly.
The go-to person for all employee-related operations, from recruiting to payments.
Job Duties:
- Organizing training programs
- Maintaining payment records
- Evaluating individuals performance
- Nurture a positive working environment
- Handling recruitment and selection process
18. Supervisor
Salary: $75,600- $228,000 yearly.
The go-to person for all employee-related operations, from recruiting to payments.
Job Duties:
- Organizing training programs
- Maintaining payment records
- Evaluating individuals performance
- Nurture a positive working environment
- Handling recruitment and selection process
19. Transaction Analyst
Salary: $90,000 to $110,000 yearly.
They take charge of conducting the final evaluation of the contract to ensure it complies with all corporate rules.
Job Responsibilities:
- Creating reports for clients.
- Financial report analysis.
- Working together as a team to achieve all major performance targets.
- Involvement in brainstorming to advance learning and communication.
20. Survey Researchers
Salary: $44680 to $81830 per annum
They excel in creating surveys that assemble real information and product performance metrics—one of the finest careers for expectant mothers due to low work demands.
Job Responsibilities:
- Creating a survey.
- Carrying out research.
- Selecting the best surveying technique.
- Create a graph or chart that summarizes the data that was gathered.
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How Can One Get A Job In Real Estate Investment Trusts?
Several career opportunities in the developing field of commercial real estate correspond to a wide range of skill sets and interests. To get a job in this field, you only need to acquire the knowledge and abilities necessary for the employment role you seek.
Knowing the business and how REITs operate is perhaps the most crucial step in obtaining employment there. Learning from books or online resources can be a good place to start.
What Are Skills Required For A Career In Real Estate Investment Trust?
For a career in REIT, the following skills are essential:
- Outstanding research skills.
- Enough market knowledge
- Honesty
- Encourage recommendations
- Maintain your education or knowledge
- Networking strategies
- Be prepared to ask for help if you require it
- A plan is essential
- Drive
- Willpower or the ability to persevere.
With these qualities, your chances of succeeding in REITs would be increased.
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What If You Don’t Have A Degree?
It is necessary to state that one doesn’t need to have a college degree before one can venture into REITs. However, taking a course online can give you higher leverage to succeed in REIT; especially if you want the best paying jobs in real estate investment trusts. You can purchase a course from the listed courses below:
The Complete REIT Investing Course— Udemy.com
- Platform: Udemy
- Created By: Wealthy Education
- Duration: 8 hours available on demand.
- Level: introductory level
- Language: the English language
Purchasing this course positions anyone to become a more informed, steadfast, and unassuming income investor. You also get to expand your investment portfolio.
Dividend Investing Specialized Topics— Udemy.com
Platform: Udemy
Created By: Chlorophyll Inc.
Duration: 2.5 hours available on demand
Level: Novice
Language: English
In addition to learning about common investor misconceptions about REIT investments, the course will cover the most important aspects of investing in REITs. Gaining a quick understanding of the five most prevalent REIT types This course has additional benefits for your career in REITs. Additionally, you will receive a certificate once the course is complete.
Dividend Growth Investing—Udemy. com
Platform: Udemy
Created By: Steve Ballinger, MBA
Duration: 4 hours.
Level: Beginner
Language: English
If you buy this course, you’ll learn how to evaluate and select top dividend stocks, use dividends as a regular source of income, select dividend stocks whose dividends are steadily increasing, and build a portfolio of dividend stocks that appreciate over time.
This training is available to you for your entire lifetime. After the course, you will also be given a certificate.
Investing The Lazy Investor Way—Udemy. com
Platform: Udemy
Created By: Steve Ballinger, MBA
Duration: 5 hours
Level: Beginner
Language: English
Level: Beginner
This course will cover the basics of investing and how to put together the best possible investment portfolio. After paying for this course, you will have lifetime access to the readings and videos. Upon completion of the course, you are also given a certificate.
Investing For Beginners—Udemy. com
Platform: Udemy
Created By: Steve Ballinger, MBA
Duration:6 hours long
Level: Beginner
Language: English
This course will teach you how to invest more wisely across various markets, including stocks, bonds, cryptocurrencies, real estate, NFT, and more. You’ll also learn how to use mutual funds, ETFs, and individual investments. The intended audience for this course is beginners. A certificate will be sent to you once the course is complete.
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How Much Do Real Estate Investment Trusts Pay?
Dividends are a prominent feature of Real Estate Investment Trusts or REITs. Equity REITs have an average dividend yield of about 4.3 per cent. There are, however, some high-dividend REITs that offer payouts that are much higher than the norm. REITs are one of the best ways to earn an income for those venturing into a long-term investment.
FAQs Best Paying Jobs In Real Estate Investment Trusts
Investments in REITs have a total return. They have typically offered substantial dividend yields and the chance for modest, long-term capital growth.
Higher revenues, cheaper costs, and new business opportunities are just a few factors that frequently contribute to growth in REIT earnings.
REITs were created to make investments in large-scale, income-producing real estate accessible to typical investors through the purchase of equity; Congress established REITs in 1960.
Conclusion
Real estate investment trusts have been the subject of a lot of information. We discussed the required skills in great detail. We also discussed the best paying jobs in real estate investment Trusts, the educational requirements for working for REITs, and the top REITs firms.
The industry is incredibly lucrative and looks quite promising. A college degree and one without one are acceptable for entry. If you are sufficiently knowledgeable about this sector, you will be successful.
References
- udemy.com– Real Estate Investment Trust
- ziprecruiter.com– for salary outlook for Real Estate Investment Trusts
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