How Much do Property Manager Make in Montana? (helpful charts and figures)


(**) Disclosure: This post may contain affiliate links, meaning our company, JCHQ Publishing will get a commission if you decide to make a purchase through the links, but at no additional cost to you.

Property managers in Montana make an average annual income of $44,158. It typically range between $33,327 and $51,633. Top high-earning property managers are making over $63,838 per year. (*) Your earning as a property manager would depend on your skills, knowledge and experience in managing the properties. The type and number of real estate in your managing portfolio may also affect your compensation.

At the beginning phase of your property management career, you could be working as an assistant for a property manager. So your earning could be limited at that time.

But once you have developed the necessary skillset and demonstrated your ability to work independently, there should be a significant improvement to your earning.

In this guide, I will uncover the compensation model of property managers in Montana, whether being a commercial or residential agent affects the income, and what you can do to increase the earning potential.

(*) Source: ZipRecriuter (Jan 2022)

How do Property Managers in Montana Get Compensated?

Pie chart on how do property managers in Montana get compensated

Property managers in Montana are paid with a salary or hourly wage. In addition to the base salary, some companies offer a year-end bonus, 401K contribution, disability insurance, healthcare, pension, and time-off benefits to their employed property managers.

I just saw several property manager job postings online. In addition to the above compensation, some are offering ongoing education and development training, and employee discounts on wellness initiatives.

Here’s a page with a job search engine. You may check whether there is any opening position in your area.

How much do Property Manager Assistants Make in Montana?

At the beginning phase of your property management career, you could be working as an assistant for a property manager, assisting the different aspects of day-to-day operations. Since you are still in the learning stage, your earning could be relatively lower.

The average annual salary of a Property Manager Assistant in Montana is $32,643. The top 3% of the assistants are earning a higher income of between $46,001 – $48,817. (+)

But once you have developed the necessary skillset and demonstrated your ability to work independently, there should be a significant improvement to your earning.

(+) ZipRecruiter.com (Jan 2022)

How Much do Residential Property Managers Make in Montana?

Property manager doing a property tour with a prospective tenant

A residential property manager is responsible for the upkeep of a residence or buildings such as apartments, condos, and other residential properties. They are often required to perform tasks like finding new tenants, interviewing them, inspecting their current living situation to determine if they meet the requirements of the lease agreement.

The average annual salary of a Residential Property Manager in Montana is $50,894. Some are earning a low $20,184 per year, which could be a part-time position. Most residential property managers earn between $33,796 to $55,389. The top earners are making between $66,147 – $70,773. (+)

(+) ZipRecruiter.com (Jan 2022)

How Much do Commercial Property Managers Make in Montana?

Commercial property managers talking to each other

A commercial property manager oversees real estate such as shopping malls, hotels, office space, retail units, and industrial buildings. Your role may include filling the property with quality tenants, collecting rents, and facilitates repairs or other concerns that renters may have.

The average annual salary of a Commercial Property Manager in Montana is $60,433. The starting salary is $31,919 while most commercial property managers earn between $47,409 to $70,879. The top 2% are high-income earners making between $88,247 – $93,880. (+)

On average speaking, commercial property managers earn $9,539 more than residential property managers in Montana. Therefore, if you are interested in managing commercial properties, this could be the blue ocean for your career.

(+) ZipRecruiter.com (Jan 2022)

Here’s salary guide you may be interested. In there, you’ll find the income figures for residential and commercial property managers. What makes one earn more than others? How do education, experience, and certification play a factor in earning?

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What can you do to increase your income as a property manager in Montana?

Property manager figuring how to increase income potential

1) Fulfill the necessary licensing requirement

Although there are certain activities you may perform as an unlicensed assistant, the duties you can do are very limited.

In the State of Montana, a person may not engage in or conduct business in the capacity of a Property Manager until that person has received a license from the Montana Board of Realty Regulation.

Quote from Montana Board of Realty Regulation

If you want to move up in the field, it is essential to get a property management license. Once you get the license, you may work under a licensed firm in providing key components of property management. For example, rent, list, negotiate property rental agreement, rents collection.

Here’s a guide on obtaining a property management license in Montana

2) Go through advanced property management education

Property managers are constantly tasked with new responsibilities and challenges. With the rise of online rental applications, environmental health and safety requirements, it’s important for property managers to be up-to-date on what their renters are looking for in a home.

You may also consider taking the following courses to equip yourself with the property management knowledge. They are offered by Institute of Real Estate Management (IREM). IREM is an affiliate of the National Association of REALTORS®.

Even though they are not part of the pre-license education requirement, your enhanced knowledge will help to set you apart from others in the industry.

(**) Affiliate Disclosure: Please note that some of the links above are affiliate links, and at no additional cost to you. Our company, JCHQ Publishing will earn a commission if you decide to make a purchase after clicking on the link. Please understand that we include them based on our experience or the research on these companies or products, and we recommend them because they are helpful and useful, not because of the small commissions we make if you decide to buy something through the links. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Disclaimer: The information in this post is for general information only, and not intend to provide any advice. They are subjected to change without any notice, and not guaranteed to be error-free. Some of the posts on this site may contain views and opinions from individual not related to JCHQ Publishing. They do not necessarily reflect our view or position.

Reference:

  • ZipRecruiter
    • Property Manager Salary in Montana (source)
    • Residential Property Manager Salary in Montana (source)
    • Commercial Property Manager Salary in Montana (source)
    • Property Manager Assistant Salary in Montana (source)
  • Bureau of Labor Statistics – Property, Real Estate, and Community Association Managers (source)
  • Salary.com – Property Manager in Montana (source)
  • Montana Board of Realty Regulation- Property Manager (source)

Author

  • Jacob is a content writer and a real estate investor. He has experience working with different real estate professionals throughout the years. (i.e., appraisers, real estate agents, property managers, home inspectors.) In order to build a career you love, Jacob believes not only you need a thorough understanding about the profession, but you also have to find out what type of jobs could match your personality, lifestyle and expectation.

Jacob Coleman

Jacob is a content writer and a real estate investor. He has experience working with different real estate professionals throughout the years. (i.e., appraisers, real estate agents, property managers, home inspectors.) In order to build a career you love, Jacob believes not only you need a thorough understanding about the profession, but you also have to find out what type of jobs could match your personality, lifestyle and expectation.

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