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There is no doubt about the fact that the real estate market is relatively new as well as an exciting asset class which makes it one of the best places to invest in. But have you ever thought about working in this industry or the best-paying jobs in real estate investment trusts? There are a lot of job opportunities in this sector which can take you to the heights of success in no time. However, it is necessary to follow the right path without making any mistakes. If you are willing to be paid well and interested in real estate then you are at the right place.
Know Everything about REIT or Real Estate Investment Trusts
A REIT is known to be a company which owns as well as operates different real estate. They are known to have various commercial properties whether apartments, offices, warehouses, shopping malls, or complexes. It is via real estate investment trusts that investors can easily make passive income as well as invest in various high-value properties. Also, there is no need to go or visit anywhere as the stockholder of REIT can easily earn income share. If you want to enjoy a high return on your investment without the involvement of high risks then highest paying jobs in real estate can be the best choice.
Know Different Types of Real Estate Investment Trusts
There are various types of REITs that you can invest in after knowing about real estate investing like sales as well as residential clients, rent collections, and other ways of making money. Here are the types of REITs mentioned below:
Medical Real Estate Investment Trusts
This engages in multi-specialty clinics, healthcare buildings, etc. Also, they are always in high demand which means there are bleak chances of failing. The demands of hospitals, labs, nursing facilities, etc. also have their own requirements. This is the reason that investing in this field will offer great returns.
Debt Real Estate Investments
These are the companies that offer money to the people who are willing to buy real estate. This is somehow equal to leading companies where purchasers are offered debts in exchange for paying the interest of the loan. Every month’s interest cost generates investment income.
Equitability REIT
Equitability REITs are known to invest in apartments, residential properties, markets, resorts, etc. REITS are in charge of monitoring, building, as well as establishing everything after the plan gets authorized. It is the REITs that further pay some profit percentage to the investors.
Domestic REIT
The REIT will put in all the energy to construct flats, residences, community complexes, and a lot more. These are only a few tasks that involve domestic REIT.
Merchandise REIT
When it is about merchandise investments retail shops as well as markets like department stores, supermarkets, etc. are prime examples of it. Whereas, REITs are not to be in charge of managing as well as generating theses. But they will assign purchasers debts as well as collect earnings from retail stores as well as market proprietors.
Some of the High Paying Jobs in REIT
If you are thinking that real estate investment trusts a good career path or not then you will get your answers today. Here are some of the high-paying real estate careers that you can opt for:
1. Vice President of Asset Management
In this, the person has to oversee the portfolio work involved in REITs. This job involves a lot of responsibilities. As a VP, the person is highly responsible for the complete financial performance of any portfolio. Also, they oversee finding investors and ensure returns, as well as marketing. This is one of the high-paying jobs in real estate where you need 10 years of experience and the average annual salary will be around $261, 100.
2. Mortgage Loan Officer
It is evident that a bank as well as an independent lender opt for a mortgage loan office. The role of a mortgage loan office is to help clients get the right loan type as well as mortgage. He also plays an important role in helping clients get the suitable deals. To get this highest-paying job in real estate, it is essential to have a bachelor’s degree in finance, bachelors, or accounting. Also, there is a requirement for an active mortgage loan originator license of the state a candidate is going to work. The best thing about being a mortgage loan officer is that there is no upper limit to earning. However, the average annual salary of this post is around $215, 749.
3. Real Estate Attorney
This post involves the attorney looking at the legal aspects of any property transaction. They have tasks like property name searching, looking after any dispute, prepare as well as reviewing legal documents of property sales as well as purchases. To get this job, it is essential for a candidate to have a bachelor’s degree in law. The average annual salary of this job post is around $156, 682. Also, depending on the experience, the salary can increase.
4. REIT Analyst
An analyst in REIT is known to attract investors to a project. A person needs to have strong communication as well as persuasion skills. He can even use the RVM real estate tool to understand the market dynamics or trends so that the company can adapt accordingly. An analyst also needs to have complete knowledge and stay updated with complete industrial trends. Also, it is an analyst that helps a REIT company to grow and expand. The average annual salary of a REIT analyst is around $109, 784 and is considered the best real estate investment trusts job.
5. Real Estate Property Appraiser
It is also one of the most lucrative jobs in real estate investment trusts where a person has to be knowledgeable to assess the true value of real estate. He has to use different economic variables in order to analyze the market value of any real estate property. One can easily get this position and get paid well unless he has a comprehensive knowledge of the real estate industry and the different factors involved in it to know the true worth of any asset.
6. Property Manager
A property manager is also one of the highest-paying jobs in the real estate industry. Here the main role is to ensure that the physical and financial conditions of any asset are amazing, payments to every shareholder and other people involved in real estate investment trusts are paid timely, etc. Since REITs are now owning and managing properties, the role of property manager is quite in demand.
7. Tax Specialist
It is also one of the highest-paying jobs in the real estate industry. However, a tax specialist must know about taxes and real estate tax codes. He is the person who can help to save money on taxes. He can easily earn between 75k and 125k.
8. Real Estate Broker
He is just like any other real estate agent who helps people to buy and sell properties. However, the major difference is that a real estate broker is a certified expert in the real estate industry. He can help people grab the best deals and get all the paperwork done professionally without leaving any stone unturned. A real estate broker holds a valid license and gets access to exclusive listings. Since the responsibilities of a real estate broker are extensive, he can easily get around $67000 as an average yearly salary in the US.
9. Investor Relations
Last but certainly not least, an investor relations manager is also one of the best real estate investment trusts jobs. Since every investor seeks a profitable return on the money that they have put into any project, an investor relations manager works closely with all the investors and shareholder to give them the best returns on the projects and their investments in real estate. However, the job requires incredibly excellent communication skills and knowledge of the property market. Any investor relations manager can easily earn around $142, 303 yearly.
Conclusion
There are a lot of people who think why I quit real estate because they are unable to choose the right job. However, with smart decisions and complete knowledge people can earn lucratively in real estate. Also, getting involved in BAC real estate can turn out to be fruitful. The above-mentioned real estate jobs and other information will help you make up your mind about the real estate world.
