If you are trying to find a job in a real estate investment trust then you are at the right place. Because in this article I’m going to explain some of the best well-paid jobs in (REIT).
But before that let me explain what (REIT) is in general and shed some light on the information related to this topic.
What is Real Estate Investment Trust and How Does it Work?
So (REIT) can be any kind of firm that either owns or operate large income producing commercial estates such as office buildings, apartment buildings, shopping centers, self-storage hospitals, data centers, warehouses, industrial sites, and many more.
If you don’t have a lot of money to invest in real estate, you can pull your money with all investors and simply give it to the (REIT). The (REIT) is an organization that buys real estate with high rental income such as malls, hotels, offices, and so on. All of these properties produce income and are hopefully profitable and that’s what you need. REITs are required to pay up out up to 80 or 90% of profits to investors as dividends and the cycle continues.
In fact, REIT is a relatively financial innovation that was created to make it easier for individuals to gain exposure to real estate investment. Before (REIT), investors typically needed a lot of money to invest in real estate, particularly commercial real estate. However, now thanks to the (REIT) you can gain exposure to investment in real estate and invest with a low amount of money.
Now that you have an overall understating of (REIT), let me show you some good jobs in (REIT).
5 Well-Paid Jobs in Real Estate Investment Trust (2022)
To be honest, jobs that pay you well in (REIT) are tough to get. You need to have enough knowledge to be able to get one. So I would recommend you to read some books related to this subject and do some research so that you know what you are doing and be able to get a well-paid job. Now let’s talk about some of the best jobs related to our topic.
1. Property Management $90,000 per year
Fortunately for this one, you don’t need any educational background. So if you don’t have a college degree you may consider this job. However, there are some skills that you need to become a successful property manager. The first one is that you need to be able to relate to anyone. You have to be able to deal with all sorts of people and by that, I mean nice people, mean people, low income or high-income people.
The second skill you need to have is that you should never lose your cool. Because there will be times when you may be faced with frustrated or perhaps angry people in the future. You also need to be able to convince people. Because in this job you may need to lease a property and when you have a convincing ability you can do your job better.
If you work as a property manager your total salary would be $80,000 to 90,000 per year. So it’s quite a well-paid job in the (REIT) industry.
2. Investor Relations $150,000 per year
Investor relations is also known as financial relations. The department of investor relations helps to communicate data and insight of a company with the investment community and in some cases with (REIT) stockholders.
As an investor relations officer, primarily you are responsible for developing relationships with the investors. You build and maintain relationships with shareholders and potential investors.
Unlike the previous job, in this one, you need to have at least a bachelor’s degree in finance or accounting. You can earn more than $150,000 per year if you work in this industry.
3. Real Estate Attorney $119,000 per year
The main work of a real estate attorney is dealing with contract negotiation. They help their clients to understand a contract with all the specific terms and help them to make the best contract that they can.
You need at least a bachelor’s degree in law to be able to work in this job. The annual payment of a real estate attorney is $119,000.
4. Real Estate Investor Jobs $124,000 per year
You need to be a risky guy with money to get involved in this one. Also, you need to have enough knowledge about real estate in general. So before you get involved in this kind of job make sure to read some books as there are many that you can find.
As a real estate investor, you need to buy real estate assets so that you add extra value to your current possessions whatever they may be. Then you should be able to sell that possession at a higher price.
You don’t need any college degree, however, you need a money mindset and some knowledge on real estate stuff. The minimum salary that you can earn in this industry per year would be 124,000, however, by working intelligently and taking proper risks you can make more.
5. Acquisition $200,000 per year
At first, you may wonder what I mean by this. Actually, this is a business term where a company buys another company or a piece of land and so on.
To be able to apply for such a job you need to have at least a bachelor’s degree in finance, marketing, or business in general. In such a job you need to be good at numbers. If you are not good at that this is not a proper job for you.
Depending on what company you work for as well as your experience the salary range can be different. You can earn from 80,000 up to 200,000 per year.
Know that there are many jobs in the (REIT) industry, however, these were some of the best that you can consider working in. Hopefully, you have found this article helpful.