Nowadays, people are more reluctant than ever to put all their savings into investment. There’s no denying that everybody’s main goal when investing is to make money fast, but factors such as the lack of accurate or approachable information and the fear of losing all their money may hold people back from stepping up and initiating their investment efforts.
If funds are at their disposal, they’ll probably invest in real estate and become landlords as that’s the safest way to acquire a monthly passive income. Sure, real estate isn’t cheap, but investment opportunities run higher if they put their money in real estate investment trusts (REIT).
Luckily, investments like this have been attracting more investors over the last couple of years. The increase in investors has created many new job opportunities. Here’s a list of the top five paying jobs in REIT:
Real estate accountants are in charge of the financial requirements associated with any property, such as selling, maintaining, buying, leasing, and managing it. You can consider this position as the main core of the REIT, as their principal tasks are preparing budgets, detailing all the property’s financial information in monthly reports, and most importantly, helping investors decide if new real estate projects are worth financing or not. Having an accountant is essential for anyone who’d like to invest in real estate.
If you’re interested in this role, there are some qualifications you need to possess. These are mainly having a bachelor’s degree in a field that’s relevant to the industry and a CPA license. The income for this position goes up to USD$93,000.
- Investment Analyst
In this position, your tasks may vary according to your employer’s needs. You need excellent communication skills and a strong sense of responsibility, as you’ll be handling highly confidential documents and information. This role not only includes handling administrative and legal documentation but also coordinating with the servicing department as a liaison.
It’s necessary for you to complete a four-year college degree to aspire to this position. And your degree must be orientated to fields like real estate, business, or finance administration. As in every job, previous work experience in the area is much appreciated. Most investment analysts earn a salary of around USD$62,000.
- Property Manager
As a property manager, your tasks depend on the type of property you’ve been hired to handle. Your principal duty is to be in charge of the maintenance, administration, and operations of an owner’s property rentals. In addition to these responsibilities, you’ll have other important tasks consisting of finding interested renters, collecting rent, and guaranteeing competitive rental rates.
Many REIT companies decide to hire a property manager to handle the operations of a particular rental property or building rather than the entire portfolio of assets. Even so, property managers are expected to report to asset managers. This role’s wage is currently at USD$69,000.
- Leasing Agents
As a leasing agent, you will prepare market and industry information for property owners, along with the business and investment reports and analyses, to help them lease their properties. Leasing agents have the opportunity to work for big companies or highly successful investors. At the same time, leasing agents are uniquely positioned to provide proper guidance for first-time landlords. You’ll still be representing a building owner, the only difference is that they’re interested in renting their space rather than selling it. At this position, you’re expected to earn a USD$57,000 salary.
- Financial Analyst
Every REIT company needs comprehensive studies to acknowledge demographic factors and market trends. This data helps them stay well-informed on their real estate options. Given the industry’s acknowledgment of the value of data, the role of a financial analyst is essential in an REIT company. You’ll be performing weekly, monthly, and quarterly financial analyses. The more prepared you are, the better clients and companies can make their choices. The average pay for this position is USD$66,000.
Real estate investment trusts provide investors with new opportunities to expand their projects and diversify their portfolios. Since its first appearance in the 1960s, REITs have continued to become more popular worldwide. Today, many industry insiders carry the hope that REIT will revitalize the real estate sector’s growth. Their attraction stems from the possibility of having multiple income streams that are far more stable than relying on stock markets.
For various reasons, it’s an investment instrument with limitless potential. With sufficient interest, qualifications, and passion, you too can have a lucrative professional career in REITs.