Are you also fascinated by the widespread real estate investing industry and want to know the best paying jobs in real estate investment trusts?
Then, now you can stop your constant searching as in this article, we will extensively elaborate on the best-paying jobs in Real Estate Investment Trusts and the skills required for them. So, just relax and take notes.
1. Real Estate Investment Trust
Before you know about the best-paying jobs in Real Estate Investment Trusts, you must have a solid knowledge of the Real Estate Investment Trust.
A Real Estate Investment Trust is a company that owns or manages economic real estate. It can be either shopping malls, warehouses, rental apartments, apartment buildings, houses, office buildings, or hotels that generate income for the real estate market owners.
The company gets its revenue from the properties it owns or manages and then pays a certain amount to its investors. It is, in a manner, just like stocks that you invest in.
In-depth knowledge of the Real Estate Investment Trust is necessary before you start searching for the best-paying jobs in Real Estate Investment Trusts. So, now we will look into the different types of Real Estate Investment Trusts.
1.1 Debt Real Estate Investments
These are the kind of companies that lend money to their customers to buy real estate properties. The property can be commercial or residential.
They charge interest prizes for the loan they provide and generate revenues from it.
1.2 Equitability Real Estate Investments
In this, the company strikes a deal with its customer.
According to the deal, once the customer buys an apartment, complex, or building, the company looks after the establishment and supervision of the place. And once the place starts generating revenue, it gives the customer a percent of the profit income.
Click here to know the difference between equity and debt trusts.
1.3 Domestic Real Estate Investments
The company begins by constructing domestic housing societies in this kind of investment trust. It can be complex, shopping centers, apartments, or buildings.
And then, the properties are put up for investment.
Now, since you have a good knowledge of Real Estate Investment Trusts, we can move to our next topic of the best-paying jobs in Real Estate Investment Trusts.
2. Best Paying Jobs in Real Estate Investment Trusts
Investing in real estate is one of the prime kinds of investment strategies for any individual looking to enhance his investment portfolio and, thereby, his financial future. It is an exciting asset class that everyone has eyes on nowadays.
But what about the jobs in the real estate-related fields, and how many jobs does the real estate industry provide?
Working in the real estate market can be a challenging but fruitful task for individuals willing to take a bit of risk to increase their cash flow. There are several opportunities in the real estate company, making it a good career path for interested individuals.
Below are some of the best-paying jobs in Real Estate Investment Trusts. We will give you a detailed description of jobs in real estate and how you should start your career path.
2.1 REIT Analyst Jobs
As the name analyst itself suggests, as a REIT Analyst, you will be supposed to take in-depth knowledge of the real estate market and analyze it. REIT Analyst assists the finance department in financing commercial real estate, acquisition, marketing, disposition, and leasing of real estate properties.
They are supposed to learn and monitor the market trends of the real estate industry and give advice to business firms. They brief the companies on the financial implications by taking into account the micro factors of their investment.
A REIT Analyst is also responsible for calculating the worthiness of the credit of any particular client. They have to make sure that the clients’ credits are up to the mark before the deal progresses, and they also help with loans, mortgage contracts, and lease negotiations with the property managers.
It is one of the best-paying jobs in Real Estate Investment Trusts as you can earn around $82K annually (approximate value). The skills required for you to start working as a REIT Analyst are:
- You must have a bachelor’s degree in business, real estate, economics, or any other real estate-related field.
- You should have a good knowledge of the trends of the real estate investment industry, factors that might affect it, investment reports, and historical perspective.
- You should have good research skills.
- You should be able to manage huge workloads and report productions.
- Problem-solving skills.
- You should have the ability to make rational decisions under pressure.
- You should have proficient skills in the field of Database Systems, PowerPoint, Excel, and Word.
2.2 Real Estate Property Appraiser Jobs
A Real Estate Property Appraiser is an individual professionally trained to provide an unbiased and legitimate appraisal of the commercial property’s value. The property can be commercial or residential, and the real estate property appraiser job is one of the best-paying jobs in Real Estate Investment Trusts.
A Real Estate Property Appraiser is responsible for learning the exterior conditions of the property managers and assessing its value for tax purposes. This process in which the property appraiser decides the value of residential or commercial properties is called appraisal and is a big deciding factor in the price tag you see in the market.
They follow the market trends to specify the prices of real estate assets. So, they also must have a good knowledge of the market and its trends. In addition to that, an appraiser is also required to have soft skills like verbal communication and good listening skills.
It is one of the best-paying jobs in Real Estate Investment Trusts as you can earn around $53K annually (approximate value). Skills required to start working as an appraiser are:
- It would help if you had an educational degree in any of the real estate-related topics, like business, economics, or finance.
- You should have good communication skills.
- Good knowledge of the market is a must, along with the factors that can affect it.
- A good sense of time management.
- You should also be sound in critical thinking.
2.3 Real Estate Attorney Jobs
A Real Estate Attorney is a trained professional individual who solves legal disputes, if it occurs, in money transfers or property ownership. Attorneys ensure that the title is cleared before the property is ready for sale or development.
Attorneys have to work according to the wish of their clients. They look after all the legal aspects related to the real estate transaction and also negotiate the terms and conditions of the transaction. If the client asks for title search certificates or title search reports, they have to provide them with them.
Attorneys are the ones who draft the lease agreements, license agreements, and MOUs. They are also responsible for checking the litigation on the property and pending mortgages if any.
Attorney jobs are the best paying jobs in Real Estate Investment Trusts, as you can earn around $119K annually (approximate value). Skills required for being an attorney are:
- Bachelor’s degree in Law.
- You should pass the Bar exam.
- You should have a Juris Doctorate Degree.
2.4 Real Estate Broker Jobs
A Real Estate Broker is an individual who works in-between the clients and the owners of the property. They help in buying, selling, and transferring property.
Real Estate Brokers are the ones who help potential clients to meet the sellers or the other way around in some cases. They also help their suited buyers in decision-making, legal compliance, and paperwork. In short, real estate brokers are the medium working in-between the buyers and sellers. Real estate brokers can also start a real estate business.
Brokers are responsible for listing the properties that are for sale and sharing the listings to attract buyers to the property. If an offer is worth considering, they inform the seller and help negotiate. They also deliver and explain the documents and transaction items to the seller.
It is one of the best-paying jobs in Real Estate Investment Trusts, earning around $73K annually. Skills required to be a broker are:
- You should have proficient communication skills.
- You should be able to write the dealings that appeal to both buyers and sellers.
- You should have good networking and negotiating skills.
2.5 Real Estate Investor Jobs
A Real Estate Investor is the actual buyer who has set aside money to buy real estate properties. When talking about the best-paying jobs in Real Estate Investment Trusts, real estate investors make the top of the charts, as, without investors, there wouldn’t have been any real estate market in the first place.
Investors can be defined as the visuals who have evaluated the real estate market and are willing to purchase commercial or residential properties to ensure their extra cash flow. However, the investors can be active or passive.
Active investors buy a property and then develop the purchased property right away, while passive investors hire other people to find good investment options for the individual. In passive investment, it doesn’t require much effort from the investor side in buying or maintaining the property.
The things you should have before you set out by an investor are mentioned below:
- Cash reserves to execute the purchase.
- A willingness to learn more about this industry and valuable assets.
- You should not be afraid of taking minor risks.
- You should have a good knowledge of the strategies related to this market, like rentals, buy-and-hold, and fix-and-flip.
2.6 Real Estate Agent Jobs
A Real Estate Agent is similar to a broker in so many aspects. Real estate agents help sellers to meet potential clients and look after the transactions.
Real estate agents work on commission, i.e., their income depends on a certain percentage of the whole money transacted during the successful purchase. A higher bid leads to higher income for the agents.
The responsibilities of an agent include scheduling meet-appointments, updating the listing of properties, drafting and delivering the required documents, and negotiating the price for their client.
Brokers are different from real estate agents. A real estate agent can either represent the buyer, the seller, or both. Agents are supposed to be working with the brokers, and although their works might look quite literally the same, in reality, they are not.
Click here to know the difference between a broker and a real estate agent.
Being an agent is one of the best-paying jobs in Real Estate Investment Trusts, and the skills required for you to become an agent are as follows:
- You should have explicit communication skills.
- You should know how to negotiate the price of the racial or residential real estate in favor of your client.
- You should know the market.
- You should have a good sense of time management.
- You should also be an active listener.
2.7 Asset Management Jobs
In the investment industry, asset management is one of the most profit-inducing and lucrative jobs; therefore, it is one of the best-paying jobs in Real Estate Investment Trusts.
In this, an individual looks after all the economic and financial performance of the properties of the Real Estate Investment Trust. They are known as asset managers.
These managers make decisions that help maximize the client’s valued assets. They need to make sure that the valuable assets for both, the buyer and seller, are getting maximized by the deal.
This asset management function is a part of the passive investment, where the buyer puts minimal effort into the investment and relies on the manager for their investment income. They turn over the responsibility of making decisions to a trained professional.
On the upside, this role is nothing short of a blessing for those who don’t have time to devote but are interested in real estate investing. The managers always try to maintain a positive cash flow for their clients through rental income. This relieves a lot of stress for the clients.
Also, it is one of the best paying jobs in Real Estate Investment Trusts, with almost $250K annually (approximate value). Requirements for being a manager are:
- You should have proficient skills in the soft Suite.
- Good knowledge of the local property markets. You should have explicit project management skills.
- A good sense of time management.
- A degree in the field of business, finance, or economics. A Master’s in business is generally preferred.
- It would help if you had a strategic mind that crucially analyzes different possible scenarios.
2.8 Property Development and Property Management Jobs
A property management job includes looking after the property for the owner and is one of the best paying jobs in Real Estate Investment Trusts.
A property manager is an individual that a client hires to maintain their valuable asset. The manager ensures that the purchased property is maintained, leased, and running ing smoothly, exterior damages are getting repaired, and is well looked after. On the whole, they take care of the whole asset.
They are responsible for screening and monitoring the tenants, managing the property’s budget, maintaining all the important documents, and ensuring that the property is a safe place for the people to live or visit.
A property developer is a person who is completely in charge of the property’s new developments. They work with the contractor and ensure that the property’s new developments are safe and beneficial for the owner.
It can include many fields, like building a property from scratch, renovating an existing property, and modifying a property to serve multiple purposes. And the real estate developers are responsible for ensuring that all of this takes place smoothly.
These both are one of the best paying jobs in Real Estate Investment Trusts, and the skills required for them are:
- Good leadership skill is a must if you are supposed to be working with contractors and sub-contractors and looklookinger the development.
- You should have good financial skills and the ability to manage your finances.
- You should have good decision-making skills.
- You should have good communication skills.
So, these are the best paying jobs in Real Estate Investment Trusts. If you have a knack for investing in real estate or the fields related to it, then the job mentioned above options are the best for you.
You should certainly try out your luck and apply for the job if you think that the skills required for your desired job match your skills. It will give you the exposure you most certainly deserve if nothing else.
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Last Updated on April 5, 2023 by Soubhik
