Wage and Benefit Survey: Residential Properties
Residential Properties
For a copy of the survey, please email Jeanne Clarke, jclarke@aoba-metro.org
EXECUTIVE SUMMARY
The Apartment and Office Building Association of Metropolitan Washington (AOBA) re-established its annual wage and benefit survey in 1994 as a service to the national capital area asset and property management industries and conducted surveys on its own in 1995 and 1996. In 1998, AOBA joined forces with the Property Management Association (PMA) to expand the scope and reach of the survey as one of the major projects undertaken by the PMA-AOBA Alliance Committee. The survey has evolved into an extremely valuable membership and industry benefit. The 2007 results reflect six years of salary and bonus data for most positions within a property management organization.
Thirty-five (35) firms responsible for the management of 1237 multifamily residential communities comprising in excess of 128,687 units participated. The overall trend in compensation is mixed for employees. Across the board for most positions salaries increased. Staff positions where salaries increased included: Vice Presidents, Senior PM 500+ Units, Senior PM <500 Units, Property Managers <500 Units, Site/Resident Manager <500 Units, Assistant Resident Managers <500 Units, Leasing Agents, Marketing Directors, MIS Directors, Chief Engineers <500 Units, Maintenance Technicians, On-Site Painters/Plasters, Porters/Maids, Resident Relations Managers, Controllers, Accountants, A/P Reps, Office Managers, On-Site Bookkeepers, Security/Watchmen and Desk Attendants.
Participation was voluntary. To help assure the confidentiality of survey respondents, members were advised to place completed survey forms in an unmarked envelope, place that envelope in a second envelope that identified the respondent's name and address and mail the package to an independent consultant not affiliated with a real estate organization or a member. AOBA and PMA thank all of the firms that provided data for the survey and encourage those that did not participate in 2007 to include their data for the 2008 survey. The report’s value is tied proportionally to the number of firms that participate. This survey should be used for informational purposes only.
