We are all aware that property values can increase over time. However, it is not as simple as purchasing a property and later selling it for a higher price. There are numerous ways to make a lot of money in this field, ranging from simple investing to developing, managing, and selling it.
You could be extremely successful, but there is also some risk to consider.
So, if you’ve ever wondered, “Is Real Estate Investment Trust a Good Career Path?” Now’s the time to find out.
What are Real Estate Investment Trusts?
Real Estate Investment Trusts, or REITs, are a type of investment that benefits from government tax breaks.
This is due to the fact that they are intended to promote the development and growth of the real estate industry.
Investors can invest in various projects, including hospitals, schools, warehouses, and hotels.
Furthermore, REITs are publicly traded companies that acquire, sell, and manage cash-flowing commercial real estate. There are also some privately traded REITs.
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Is Real Estate Investment Trusts A Good Career Path?
Despite the inherent risks of buying, rehabbing, and selling properties for a living, a career in Real Estate Investment Trusts is an excellent way to take control of your financial destiny.
A career in Real Estate Investment Trusts is one of the best ways to make money, but it is not for the faint of heart.
Many new real estate investors struggle to get started, while others prefer to read about real estate investment rather than take action.
Nonetheless, real estate is a non-traditional asset sector that is frequently viewed as a way to diversify.
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What are the Pros and Cons of a Career in Real Estate Investment Trusts?
Pros
High salary: As you can see, most real estate careers pay close to or above six figures. Many real estate professionals can offer a lucrative salary with unlimited earning potential.
Career advancement: There are opportunities for advancement.
Work flexibility: The ability to work flexible, part-time, or full-time hours and create your ideal schedule is available.
Cons
Work hours that are not typical: Working a 9-to-5 schedule is not typical in many real estate careers. For example, if your clients require a 7 pm real estate showing on a Tuesday evening or a 9 am meeting on a Sunday, you must make accommodations.
Unstable work: As economic changes occur, this industry may be impacted, resulting in slow periods and unstable work.
Unstable/irregular income: Uncertain work results in erratic earnings. Depending on your job, you may have high-earning months and slow months in real estate.
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What Skills are Required to Succeed in a Career in Real Estate Investment Trusts?
This section is for those who want to know… is real estate investment trusts a good career path?
To begin, you must have a degree in finance or another relevant discipline. This qualification will provide you with the fundamental analytical skills required for success.
Furthermore, real estate experience is required; it is one of the most complex and fast-paced industries.
You will also require strong marketing abilities. REITs are all about generating income through rent or capital gains, so you must understand how they work.
Finally, good communication and people skills are essential because you will be dealing with clients and tenants on a daily basis.
Real estate investment trusts may be your ideal career path if you have these abilities!
In fact, if you continue to use these good excuses for missing work, you should consider changing jobs.
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What are the Education and Training Requirements for a Real Estate Investment Trusts Career?
Here are some of the requirements for working in a real estate investment trust.
- Experience of 5+ years is preferred.
- A bachelor’s degree in finance or accounting is preferable.
- Have excellent analytical skills: be able to take complex information and distill it into concepts that employees at all levels and across all regions can understand.
- Have strong written and oral communication, as well as presentation skills.
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What are the Salary and Job Outlook for a Career in Real Estate Investment Trusts?
The real estate investment trusts (REITs) industry is rapidly expanding and changing. Indeed, REITs support 2.9 million direct jobs (source).
As the world advances, so does this industry, with new opportunities and challenges emerging on a regular basis.
REITs provide a unique career path for those who are interested in real estate and want to make money.
Money should not be an issue in this industry because REITs provide a rewarding career path for those willing to invest in it.
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How Much Can You Make From Real Estate Investment Trusts?
A property manager can earn between $45,000 and $59,000 per year. Furthermore, as a seasoned development executive, you can earn $100,000.
REIT asset managers can earn more than $49,000 annually, while acquisition analysts can earn $69,000. As a result, you have the potential to earn between $45,000 and $100,000 per year.
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List of Best Paying Jobs in Real Estate Investment Trusts
Below is the list of some of the best paying jobs in real estate investment trusts:
1. Mortgage Loan Officer – $215,661 per year
As a Mortgage Loan Officer, you will assist clients in determining the best loan type and mortgage terms for them.
A loan officer is an important player in the mortgage process because they ensure that the best mortgage is obtained for the individual.
A Mortgage Loan Officer works for a bank or an independent lender, assisting borrowers with mortgage applications.
2. Real Estate Attorney – $123,951 per year
As a Real Estate Lawyer, you will handle everything from property name searches to dispute resolution.
Due diligence on the property is required to determine whether the title is clear for development or sale.
Then, depending on your client’s needs, you must create title search reports or title search certificates.
3. Real Estate Developer – $110,000 per year
Real estate developers play an important role in the industry because they bridge the gap between construction capacity and investor desires.
They increase the value of a project in terms of design, functionality, cost, and location.
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4. Property manager – $104,942 per year
A property manager is someone or something hired by the property owner to oversee and control the day-to-day operations of their real estate investment.
A property manager’s responsibilities include setting and collecting rent, managing maintenance requests, filling vacant units, and potentially setting the finances for the assets.
5. Real Estate Agent – $96,235 per year
Real estate agents are licensed to assist people in buying, selling, and renting homes and other properties.
In addition to the administrative paperwork that comes with the job, each day is spent on active, profit-generating work.
A typical day might include working, meeting with clients, staging and showing houses, and scheduling appraisals and inspections.
6. New Home Sales Consultant $84,470 per year
As a Home Sales Consultant, you will be responsible for maintaining product knowledge, selling homes, securing contracts, and consistently driving new sales from various sources, such as client referrals, realtors, and other professional networks.
Visitors are engaged by new home sales consultants, who establish a relationship with them in order to determine their home-buying needs.
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7. Real Estate Associate $81,895 per year
As a Real Estate Associate, you will assist clients in renting, purchasing, and selling property.
Other responsibilities include advertising clients’ properties to other realtors and potential buyers and negotiating contracts with buyers and agents on their behalf.
A Real Estate associate is responsible for providing the best service possible to each customer.
8. Real Estate Manager $81,682 per year
Real estate managers supervise commercial and residential property operations and are responsible for maintaining the properties while increasing their curb appeal and value.
They will train and supervise a team of workers, contributors, and groundskeepers and will provide services for more than one building or location.
9. Real Estate Broker $80,721 per year
A real estate broker is both a certified real estate expert and a licensed real estate agent.
A real estate broker has knowledge that can help people with real estate transactions, and a broker, like an agent, can also assist with selling or buying real estate.
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10. Property Accountant $64,778 per year
A property accountant is responsible for the financial aspects of private, commercial, and industrial real estate sales, rentals, and purchases.
They are also responsible for a company’s real estate accounting, asset management, and bookkeeping.
11. Real Analyst $85,000 per year
REITs (real estate investment trusts) are companies that own and operate income-producing real estate.
By law, REITs must pay out at least 90% of their taxable earnings in dividends to shareholders.
There are numerous job opportunities in REITs, but the position of the real analyst is one of the highest-paying.
12. Real Estate Developer $85,000 per year
Real estate developers are in charge of both new building construction and renovation of existing structures.
They collaborate closely with architects, engineers, and other professionals to complete projects on time and within budget. Real estate developers typically require a four-year degree in business or real estate.
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13. Leasing Consultants:$80,000 per year
Leasing consultants are in charge of locating and signing leases with new tenants. They are usually employed by landlords or property management companies.
Leasing consultants typically receive a commission for each lease signed. The typical commission rate is 3% of the total lease value.
Leasing consultants frequently earn bonus commissions for signing leases with high-value tenants.
14. Investor Relations $100,000 to $200,000 per year
Investor relations is one of the highest-paying jobs in the real estate investment trust (REIT) industry.
This position entails collaborating with investors and shareholders to ensure that they get the best return on their investment.
A bachelor’s degree in business or a related field is typically required for investor relations positions.
15. Real Estate Investors $230,000 per year
Investors are one of the real estate investment trusts jobs that not everyone wants to do. The responsibilities of real estate investors include purchasing assets and adding value to them before selling them at a higher price.
Isn’t it straightforward? It has the potential to be the most lucrative career job in this field. However, it takes time, patience, and skill to make it work. To do so, you must understand when to buy, where to buy, and when to sell.
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16. Acquisition: $200,000 per year
An acquisition function in real estate is responsible for identifying new investment opportunities and seeing the transaction through to completion.
If you work in acquisitions, you must be well-prepared because this type of job involves numbers.
To apply for this position, you must have a degree or experience in capital markets, marketing, finance, or general business.
17. Relations Consultant $120,000 per year
Most people want to work as a relations consultant because these REIT jobs pay well. It is regarded as the best career option for those who are enthusiastic.
Their responsibilities include communicating with inventors and researching potential projects.
18. Asset Management $250,000 per year
The asset management function is in charge of the operational and financial operations of the REITs’ asset portfolio.
Typically, the vice president or senior vice president is present and guides the asset managers.
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19. Sales and Marketing Job $83,000 per year
One of the fundamental branches of a real estate organization that helps drive business development is promotion. The division is responsible for the property’s advertising and limited-time procedures.
The marketing division develops deal methodologies to highlight the benefits and USP of the real estate property.
Showcasing experts are also in charge of sending out online entertainment missions to increase real estate sales.
20. Real Estate Property Appraiser $61,340 per year
Real estate appraisers are in charge of determining the value of real estate properties. To determine the property value, you will examine market conditions and other factors, including inspecting the property. This is applicable to both residential and commercial properties.
Appraisers must have a college degree and experience in fields such as real estate or economics.
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What Companies are in the Real Estate Investment Trusts Field?
Here are some of the companies in the real estate investment trusts:
1. Keller Williams Realty.
Headquarters: Austin, Texas
Keller Williams Realty began as a single office in Austin, Texas, selling local residential properties. From these humble beginnings grew the world’s largest real estate company.
2. Brookfield Asset Management.
Headquarters: Toronto, Canada
Brookfield Asset Management has a long and tumultuous history. It was established in Brazil over 120 years ago as the San Paulo Tramway, Light, and Power Company, and its primary function was infrastructure management.
3. CBRE.
Headquarters: Los Angeles, California
When it comes to buying and selling commercial real estate, CBRE is the go-to broker. They assist anyone involved in purchasing, selling, or investing in commercial real estate. They also operate in almost every part of the world, from the Americas to Asia.
4. Cushman Wakefield, Inc.
Headquarters: Chicago, Illinois
Cushman Wakefield was founded in 1917 in New York City by two brothers-in-law. For 40 years, the small real estate company progressed slowly but steadily until it exploded in 1969 when it became the project developer for Chicago’s Sears Tower.
5. American Tower Corporation.
Headquarters: Boston, Massachusetts
Unlike many other top real estate companies, American Tower Corporation focuses on the operations and development of wireless communication infrastructure, such as cell phone towers.
The American Tower Corporation, founded in 1995 as an extension of American Radio Systems, has grown to become one of the world’s largest real estate investment trusts.
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How to Get Started in a Career in Real Estate Investment Trusts
There are numerous ways to enter the real estate investment trusts industry.
When it comes to launching a career in this field, there is no one-size-fits-all solution. Every individual has unique strengths and weaknesses that must be considered.
- One option is starting as an intern or apprentice and working your way up the ladder.
- You could get your business degree and work in real estate investment trusts.
- Another option is to become a real estate agent focusing on commercial real estate.
Numerous online courses and programs are available to teach you about the industry and numerous books on the subject.
Whatever path you choose, remember to do your research and learn as much as you can about the real estate investment trusts industry before diving in headfirst.
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FAQs on Is Real Estate Investment Trusts A Good Career Path
Is Real Estate Investment Trusts A Good Career Path?
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Conclusion
Real estate can be a very profitable career and is a good one to pursue. It will, however, require self-discipline, expertise, and meticulous planning.
To keep your income stable, plan ahead, assess risks, and take on projects on a regular basis.
Each of the possible branches will necessitate specialized knowledge. Understand the finances and laws that apply to your chosen field to avoid mistakes and make the best decision possible.
Best wishes for your Real Estate Investment Trust career!
References
- ncesc.com– Is Real Estate Investment Trust a Good Career Path?
- moneybliss.org– Is Real Estate Investment Trusts A Good Career Path?
- 2022