How many jobs are available in real estate investment funds? Is this a good place to start or grow a career? Let’s explore this together.
If you want to embark on a financial career, there are countless job opportunities available real estate investment funds sector (REIT) that you can consider.
According to the U.S. Bureau of Labor Statistics, an additional 16,000 new jobs were available in the financial sector in August 2021. Thus he became 5th the fastest growing industry for employment opportunities. And REITs were among those that grew exponentially.
But before we look at some of the highest paid jobs in real estate investing, let’s look at what REITs are, why they are important, and how to invest in them.
What are REIT?
Real Estate Investment Funds (REIT) are companies or firms that not only own but, in most cases, also manage real estate that generates money.
REIT owns commercial or residential real estate or both. Commercial real estate can range from offices, warehouses, cinemas, shopping malls, hospitals to hotels. Residential real estate, on the other hand, includes multi-apartment buildings, single-family homes, student housing, and prefabricated houses.
Other REIT sectors include infrastructure REITs, industrial REITs, dispersed REITs, retail REITs or specialized REITs. They can also be an equity or mortgage REIT.
Are REITs a good investment?
Statistics show that nearly 145 million Americans have invested in REIT shares. REITs have a number of advantages, namely:
- It allows investors to benefit from profits in the real estate market without direct spending on real estate,
- It allows partial independence from the performance of the S&P 500,
- Consumers enjoy dividend yields,
- Investors benefit from easy liquidity,
- Have favorable tax conditions, as most countries have a REIT law that allows a real estate company to pay less capital gains tax and corporate income tax.
How to invest in REIT in the USA
There are different ones ways of investing in REIT, including the purchase of exchange – traded REIT shares, exchange – traded funds and mutual funds. REITs also play an important role in defined contribution and earnings investment plans.
Many Americans have access to REIT through ETFs and mutual funds in their 401 (k) s, Thrift Savings Plan (TSP), IRA, and retirement plans.
Individuals can also purchase REIT through online platforms such as:
This is the type of online platform that investors can use to buy shares of real estate investment funds. Investors can diversify their portfolio through Fundrisa for as little as $ 10.
This is another online platform where REIT is traded. With a minimum investment of $ 1,000, investors get both debt and equity investments and can also have “private REITs”. These are similar to REITs traded on the stock exchange.
Statistics of jobs in the real estate industry
How many jobs are available in real estate investment funds? Reports show that in 2019, approximately 274,000 professionals were employed full-time in the REIT industry. About 2.6 million jobs are created indirectly REIT industry.
Every day, new job opportunities are listed on bulletin boards like Indeed.com, FlexJobs and LinkedIn. A recent LinkedIn survey found that there are around 1,000 jobs on the site. Indeed, on the other hand, cites even more jobs, sometimes reaching up to 3,000 a day.
REIT careers require high salaries, which attracts most people to venture into the industry. For example, the average salary of REIT sales agents in the U.S. is more than $ 51,220 per year. A REIT analyst takes home $ 106,412 a year, more than twice as much as real estate agents and brokers earn.
The best paid jobs in real estate investment funds
There are many jobs available in real estate investing. REITs create endless opportunities for many people.
However, well-paid candidates must meet specific job requirements that most stakeholders may not be able to meet quickly. The good thing is that these jobs provide a relatively high return on investment, so this is a great career path.
Here is our list of the best paid jobs in real estate investment funds:
1. Asset management roles
Asset management is one of the highest paid jobs in the real estate investment fund sector. The asset manager monitors the operational and financial performance of the REIT asset portfolio.
Asset management functions must work with acquisitions, accounting, finance and development to achieve their goal. And while working, they must remain in compliance with REIT and SEC regulations.
You can also be a vice president or senior vice president of asset management. The Vice-President or Senior Vice-President shall accompany the asset managers.
To obtain a VP or higher VP position, you must have a degree and have at least 10 years of experience. Roles in other departments, including asset acquisition and management, also give you a good experience in performing this position. With this role as vice president, your annual salary can rise to $ 250,000.
2. Real estate development and management jobs
Working as a real estate developer is another way to take advantage of this growing industry. The real estate developer takes care of the contractors and subcontractors, who are involved in planning and reviewing the construction of the new property.
Together with real estate developers, they are property managers who have to meet smaller requirements – compared to real estate developers. The role of the property manager is to deal with clients, sell or rent real estate at the best possible prices given the prevailing market prices.
The salary of a project developer depends on REIT, but is a six-figure amount. Therefore, this work is worth considering.
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3. REITS analysts
The role of REIT analysts is to analyze and explore new business opportunities. They help the company make prudent decisions when buying real estate.
Some of their roles include assisting with real estate acquisition, disposal, financing, marketing and leasing. Analysts use financial tools and modeling to estimate a company’s working capital and purchases.
REITs analysts also manage REIT’s official websites and monitor their social media accounts. They also maintain the company’s GIS system.
Analysts generate good income for family portfolios and manage investment property for fund clients. To become a REIT analyst, you must have:
- Analytical skills
- Research skills
- Organization skills
- Diploma in Real Estate, Finance or Economics
- Experience managing reports, programs, and other workloads
- Adequate knowledge of local real estate markets, financing and more.
4. Real estate appraiser
The role of a real estate appraiser is to determine the value of commercial or residential real estate. The value of any property is affected by various market and economic factors. They monitor all of these factors to determine the value of the property.
To work as a real estate appraiser, you must take an appraiser course and obtain a license. You must also have an education in finance, economics, real estate and other related courses.
In the U.S., the average appraiser’s salary is $ 53,000 per year. So this is a great career to pursue if you are looking for a high paying role in the real estate industry.
5. The work of a real estate lawyer
Becoming a REIT lawyer is another way to join this lucrative industry. Lawyers play an important role in REIT companies.
First, they act as intermediaries between buyers, sellers and the company. Property ownership involves the conclusion of contracts. Therefore, lawyers must act as an intermediary between the parties involved.
Second, lawyers resolve legal disputes over property ownership and transfers. They mediate in the issuance, transfer and documentation of title deeds, among other legal disputes related to real estate ownership.
Finally, lawyers offer legal guidance to both buyers and sellers. This helps prevent disputes in any real estate transaction by ensuring that all parties involved follow the relevant guidelines.
To become a REIT lawyer, you must have a law degree and in real estate-related subjects. The legal work at REIT is well paid. On average, REIT lawyers have an annual salary of between $ 119,000 and $ 125,000.
6. Acquisition jobs
V real estate, the acquisition function includes finding new investment opportunities and concluding a complete deal. If you are dealing with purchases, you need to have a good background in the calculations. This role involves working with numbers.
For this job, you need to gain a degree and some experience in finance, marketing and capital markets. This is a well-paid job, as most acquirers earn up to about $ 80,000.
Other high paying jobs in real estate
The role of a real estate agent is to assist in the purchase and sale of real estate. Real estate agents can deal with residential or commercial real estate.
Those who deal in residential real estate act as a medium and connect buyers and sellers of residential real estate. They deal in residential houses, beach houses, apartments and more.
Commercial real estate agents connect buyers and sellers of commercial real estate. They specialize in shopping malls, resorts, hotels, offices, warehouses, rental apartments, etc.
To become a real estate agent, you need to obtain a professional license. Real estate agents usually work for a brokerage firm.
Most people confuse real estate agents with brokers. They are completely different, as brokers are licensed and certified for stand-alone or with agents.
Real estate agents negotiate real estate prices. As mentioned above, intermediaries, unlike agents, are licensed and must pass a standard aptitude test before they can start working.
Brokers receive certificates that allow them to work with agents or independently. Brokers also receive a six-figure salary, making it the perfect career choice at REIT companies.
How many jobs are available in real estate investment funds: A key estimate
There will always be people looking for a house to live in or do business with. Given how many jobs are available in real estate investment funds, REITs are a growing industry with no signs of slowing down. Therefore, they would be a great choice if you decide to pursue a career in REIT companies. Most jobs bring extensive benefits, a steady income, and insurance.