Are you looking to enter the world of real estate leasing? Wondering what it takes to be a successful leasing agent for both residential and commercial properties? Look no further! In this article, we’ll delve into the nitty-gritty of the role, the essential skills, and the typical salary ranges across different regions of the United States.
A leasing agent plays a vital role in the success of a property, whether it be residential or commercial. They are responsible for marketing and promoting the property, attracting potential tenants, showing the property, and processing lease applications. But that’s not all! They also need to have a clear understanding of the property and its amenities, as well as the surrounding area.
To succeed in this role, a leasing agent must possess excellent communication skills, both verbal and written. They must be able to clearly explain lease terms, rental rates, and other pertinent information about the property. Marketing skills are also essential. A leasing agent should be able to create and implement marketing strategies to promote the property effectively. They should be able to identify potential tenants and tailor their marketing efforts to appeal to them. Organization is also key. They must be well-organized and able to keep track of multiple applications, as well as respond promptly to any inquiries or concerns from potential tenants. Familiarity with Fair Housing laws is also a must.
According to the Bureau of Labor Statistics, the median annual wage for real estate brokers and sales agents, including leasing agents, was $51,220 in May 2020. However, salary ranges can vary greatly depending on the location and type of property. In California, for example, the average leasing agent salary is around $50,000, while in New York, it can be as high as $70,000.
But don’t just take our word for it. Check out these sources for more information on the role of a leasing agent:
- Bureau of Labor Statistics: https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm
- The Balance: https://www.thebalance.com/what-is-a-leasing-agent-2124813
- Real Estate Express: https://www.realestateexpress.com/career-hub/become-a-real-estate-agent/what-does-a-leasing-agent-do/
At TalentWoo, we’ve been hiring leasing agents for some of the largest residential companies in the country for the past five years. Our network of experienced leasing agents are well-versed in the real estate industry and have the skills needed to help you attract and retain quality tenants. Contact us today at www.talentwoo.com to find the right leasing agent for your property.