Investing in real estate is a great way to build wealth and increase your passive income. You can work for a real estate firm or open your own company. The best paying jobs in real estate investment trusts are not hard to come by. However, it does help to know where to look.
Having a job in a Real Estate Investment Trust (REIT) can be an exciting and rewarding career. However, it can also be difficult to decide whether or not a career in a REIT is right for you.
Luckily, this article will help you to figure out what a REIT is and why there is a craze to get a job here.
What is a Real Estate Investment Trust?
REITs are investment firms that own real estate properties and distribute the income to investors. These companies offer many benefits, including high returns, flexibility, and diversification.
Investing in real estate investment trusts (REITs) can be a good choice for investors who want to gain exposure to the real estate industry. However, they might not have the capital to purchase properties on their own.
REITs are publicly traded, and most of their profits are paid out to their shareholders. REITs also offer tax advantages and low stock market performance correlation, making them attractive to investors looking for a stable, predictable income.
Moreover, with the best paying jobs in real estate investment trusts, there are numerous opportunities for career growth.
How does a REIT work?
The REIT model allows investors to take a larger share of the returns of real estate while avoiding the risk of owning individual properties. Real estate investment trusts offer investors both capital appreciation and income. REITs can be either publicly traded or private.
Publicly traded REITs are registered with the Securities and Exchange Commission (SEC) and traded on a stock exchange. However, private REITs are not listed on a stock exchange and are only available to accredited investors.
REITs are generally considered a “pass-through” entity, meaning that they do not pay federal income tax. They earn their income from rental income, mortgage payments, and other real estate-related income. Further, the income is then distributed to investors.
Different Types of Real Estate Investment Trust
Whether you’re a veteran investor or you’re just starting out, there are many different types of best paying jobs in real estate investment trusts to choose from. Each job has its own responsibilities and salary range. Thus, it’s important to decide on which type of real estate investment trust job is right for you.
There are two basic types of REITs:
- Public investment trust, which is listed on the NASDAQ or American Stock Exchange.
- Private investment trust, which is not listed on an exchange.
Both types of REITs invest in a portfolio of commercial real estate. They can invest in retail, office, skyscrapers, or single-family homes. A real estate investment fund’s assets are determined by the company’s analysis of its market.
Publicly traded REITs are listed on major stock exchanges. You can buy shares of publicly traded REITs through a broker or financial advisor. Publicly traded REITs are also typically more transparent than non-traded REITs.
How to Get a Job at a REIT?
Getting the best paying jobs in real estate investment trusts can be a great way to start a career in real estate. They offer great returns, diversification, and low risk. And, they are growing fast.
The industry is large, and there are many job opportunities. There are jobs in finance, construction, leasing, and even brokerage. Thus, getting a job in real estate can help you meet your financial goals and increase your net worth.
The real estate industry is growing quickly. There are always tenants and a need for office space. If you have a background in finance, then an investor relations position is a good choice. These positions coordinate all of the information with shareholders. They are ideal for people with a background in accounting.
Besides this, if you have the correct certification, you can easily get a job in real estate investment trusts. We are about to discuss the promising job roles and their salary. So, stay tuned.
8 Best Paying Jobs in Real Estate Investment Trusts
Investing in real estate is one of the most lucrative careers in the world. But it’s also somewhat difficult because you must go through a lot of research and hard work to find the right time to buy properties and sell them for a profit. However, these are quite similar for any career that allows you to outshine the rest -”hard work”.
The real estate investment trust (REIT) industry is expanding at a rapid rate. It offers many jobs with varying salary ranges and educational requirements. With the right qualifications, you can land one of the best paying jobs in real estate investment trusts.
Here are the jobs in real estate that are particularly lucrative.
1. Real Estate Accountant
Accountants are responsible for maintaining accurate financial records. They also ensure that company finances are in good standing. They may also be responsible for filing taxes. Depending on your education and experience, accountants can earn anywhere from $125k to $187k. In some instances, they may be hired as independent property appraisers.
Qualification: Most accountants need a bachelor’s degree and at least several years of experience in the field.
Salary: $125k to $187k
2. REIT Analyst
Analysts help real estate teams with property financing and market research. They also assist with the development of real estate and the marketing of properties. They must be familiar with real estate tax codes to help portfolio managers with tax consulting.
Qualifications: To be an analyst, you need a Bachelor’s degree in finance or real estate
Salary: $75k to $100k
3. Portfolio Manager
Portfolio managers are in charge of organizing and analyzing data about assets in the portfolio. They are also responsible for communicating directly with property managers. They can earn a salary of over 225k on the high end. Their job responsibility is to juggle between multiple locations and either rental or non-rental properties.
Qualification: A Bachelor’s degree in the respective field
Salary: $120 to $225k
4. Real Estate Developer
A developer is responsible for building new real estate. They must have a thorough knowledge of economic trends and the contracting process. They must also have a strong knowledge of the local market. The income for a developer can vary depending on the type of properties they are building, as well as their employment status. They ensure that the building status is going as planned.
Qualification: To be a developer, you need an MBA degree in real estate or business
Salary: $80k to $100k
5. Real Estate Broker
Real estate brokers are professionals offering legal guidance to buyers and sellers. They have strong sales and marketing skills and a good understanding of the local market. They are also good negotiators. Moreover, they can work for real estate companies, or they can open their own. Brokers can earn six-figure salaries.
Qualification: To be a broker, one needs a bachelor’s degree and experience in the real estate market
Salary:y: $50k+
6. Head of Marketing
The Head of Marketing is responsible for attracting new commercial tenants and business-to-business marketing. They also provide legal guidance and mediation for disputes between property owners and investors. A successful Head of Marketing is crucial for a REIT to attract new business. Here mostly you will find business-to-business (B2B) marketing and also Business-to-Consumer (B2C) campaigns
Qualification: A bachelor’s degree in marketing, public relations or a related field.
Salary : $130k to $160k
7. Acquisition Specialist
Acquisition specialists are in charge of bringing deals to portfolio managers. They must be knowledgeable in real estate, but they also need to have good people skills. Moreover, they must be able to sell deals to investors and work with other professionals to complete the transaction.
Qualification: An acquisition specialist must have a bachelor’s degree in finance, real estate, business, or economics.
Salary : $130k to $160k
8. Real Estate Attorney
A real estate attorney is an expert in property law and offers legal guidance to buyers and sellers. This role also includes mediating disputes in property transfers. A lawyer’s job may be full or part-time. They look after the legal issues associated with buying and selling property.
Qualifications: A license to practice law, and it should be recognized by the judicial system of the country.
Salary : $100k to $150k
What are the Benefits of working for a REIT?
With the best paying jobs in real estate investment trusts, you can reach your financial goals. These companies have grown substantially in the past few years. Here are the benefits of working for REIT:
- REITs can provide access to many different types of properties in addition to good returns.
- The real estate industry has become one of the fastest-growing sectors of the financial industry.
- These companies have the ability to generate income from many different kinds of properties, including office buildings, apartments, medical offices, and retirement communities.
- They also have low volatility and offer investors diversification in a variety of different assets.
- Real estate investment trusts can be bought through a mutual fund or exchange-traded fund.
- They also have a wide variety of job positions available. Some jobs focus on the company’s property, while others are related to the underlying business.
Is Working for a REIT a Good Career Path?
You might be an aspiring real estate investor or just looking for a new career path; working for a Real Estate Investment Trust (REIT) might be the right fit for you. This industry has a lot to offer, with many jobs available and competitive salaries.To be part of real estate investing requires education and experience. You can study real estate at many colleges in the United States. Once you complete your studies, you can start working in the industry. So, why wait? Go for this profitable job opportunity and kickstart your career with the best paying jobs in real estate investment trusts.