NnaemekaBest Paying Jobs in Real Estate Investment Trusts | REITs | Career
If you have the idea or dream of building a career around real estate, believe me, it is a beautiful dream. The real estate sector is filled with numerous job opportunities for interested persons. It empowers you to be your boss and live life on your terms. You can earn as much as $85,000 pay in a year with a good job in real estate.
To help you make your decisions and achieve your dreams with ease, we have compiled a list of the best paying jobs in Real Estate Investment Trusts (REITs). Before we discuss these job opportunities, we want to give you a picture of what real estate investment trusts companies do and how they operate. You may also be interested in get paid to type online.
What are real estate investment trusts?
For clarity and easy comprehension, real estate investment trusts refer to companies that own real estate and provide investment opportunities in real estate for interested individuals. These investment opportunities when taken seriously can generate substantial income and profits.
Some of these real estate companies also manage office buildings, shopping malls, hotels e.t.c. A reasonable number of investors in the United States earn good money from real estate investment trusts (REITs). For a better understanding, you can compare REITs with stocks. Investors are presented with the opportunities to consider and invest, and subsequently, they earn a percentage of the profits or dividends generated. This explains why many citizens of the United States consider real estate a good opportunity to add to their number of passive income sources.
The real estate field or sector has a lot of prospects and opportunities that can make one rich. If you have enough money to make investments, opportunities in real estate are something you should consider.
Different Kinds of Real Estate Investment Trusts
Before making any investments, you must understand the various kinds of Real Estate Investment Trusts (REITs). Below are listed the main types of real estate investment trusts.
1. Medical Real Estate Investment Trusts.
2. Domestic Real Estate Investment Trusts.
3. Merchandise Real Estate Investment Trusts.
4. Equitability Real Estate Investment Trusts.
5. Debt Real Estate Investment Trusts.
1. Medical Real Estate Investment Trusts
Truth be told, investments in the medical field are usually beneficial. As we all know, health is a basic necessity. There is hardly a record of losses because people must take care of themselves and their health.
Medical REITs are concerned with research facilities, healthcare buildings, specialty clinics e.t.c. These medical areas are in high demand and very marketable. Investors will be willing to invest in fields and sectors that would profit them and this makes medical real estate investments trusts companies good partners in matters of investment.
2. Domestic Real Estate Investment Trusts
This is a popular type of real estate investment trusts. One that is hardly affected by economic trends and waves. Domestic REITs major in building residential facilities, flats, and huge residential complexes.
Land and landed properties appreciate with time and this appreciation increases profits. Even though many people may argue that inflation partly eats up profits induced by land appreciation, we also know that not all profits are consumed by inflation. So, partnering with domestic real estate investment trusts companies is another way of keeping your money in safe hands.
3. Merchandise Real Estate Investment Trusts
Good instances of merchandise investments include shopping malls, supermarkets, department stores e.t.c
Be that as it may, merchandise REITs will not be concerned with managing any of these. What they do is invest, assign purchaser debt and take their profits from market owners and shop owners.
4. Equitability Real Estate Investment Trusts
Apart from domestic real estate investment trusts, equitability REITs also invest in apartments and residential buildings. Their other areas of interest include markets and resorts. They monitor and ensure the building and development of good housing structures for domestic and residential purposes.
When revenues are generated and profits made, it is shared amongst investors and everyone goes home very happy and satisfied. Make no mistake, profits are shared according to an agreement and the total amount an investor has already invested.
5. Debt Real Estate Investment Trusts
Not every individual or company has enough money to make huge real estate investments. This is where debt Real Estate Investment Trusts companies come in. They lend to individuals who want to invest in real estate.
However, there is a downside to this kind of arrangement. Sometimes, the individuals involved may take on their heels or refuse to pay back their debts. At other times, they may postpone or delay payments. So, one may be duped while making this type of investment.
Advantages of Working at Real Estate Investment Trusts - REITs
1. You can become a boss of yourself and do your business on your terms.
2. It offers you a kind of immunity over economic trends, changes, and inflation.
3. REITs grant you the unfair advantage of earning huge dividends. They are mandated to pay you as a shareholder 90% of the taxable earnings.
4. With REITs, investors also have the advantage of making smaller investments. In other words, REITs slashes real estate investments into smaller bits and allows a lot of low-budget investors to participate.
5 Best Paying Jobs in Real Estate Investment Trusts
1. Real Estate Agent
This is one of the vital jobs in real estate investment trusts. They are assigned the duty of helping potential investors with the information they need to make their real estate investment decisions. Real estate agents also help investors with the purchase and selling of real estate assets. If it were to be a business/market setting, real estate agents do the work of retailers. They connect sellers of real estate assets to buyers the same way retailers sell products of manufacturers to the final consumers.
These real estate agents help investors in purchasing assets which include residential homes, underdeveloped lands, condominiums, hotels, warehouses, shopping malls, and commercial structures. Real estate agents are paid well because they play a vital role in the success of investments with REITs. They earn a yearly average salary between $45,000 – $96,000 depending on the assets sold and bought through them in a year.
2. Real Estate Property Appraiser
Appraising is a very important aspect of property acquisition. It is often essential to hire the services of a property appraiser before purchasing landed properties. This kind of job needs a knowledgeable person who can easily analyze and ascertain the value of a real estate asset.
Not everyone can work in this position. You need a good understanding of how real estate works, and also the variables that can affect the output or total revenue generation of a real estate investment. To work as a real estate appraiser, you need what we call an appraiser's license. Which means you must enroll in a recognized appraiser training course, pass the course and acquire your license before you can work as a real estate appraiser.
The real estate sector is usually affected by economic trends just like any other business. So, if a real estate appraiser has a good knowledge of finance and general economics, it becomes a plus, an added advantage. Real estate appraisers can earn as high as $55 per year and this depends on how good or bad the real estate market was in a year.
3. Real Estate Investor
Being a real estate investor is self-employment. For individuals who have enough money to make investments and seize investment opportunities, the role of a real estate investor is open to them. What a real estate investor majorly does is to buy real estate assets, wait for these assets to appreciate or increase in value, then sell them at a higher price to make good profits.
The truth is that real estate investors make a lot of money. However, no business is without challenges and difficulties and this is why real estate investors need the services of a real estate appraiser, real estate agents, real estate analysts, and real estate investment trusts companies to make smart investment decisions.
Once you can meet the financial requirements, you can become a real estate investor. In the United States, a real estate investor can make an average yearly salary of $130,000.
4. Real Estate Broker
The job of a real estate broker is strongly connected to that of a real estate agent. They play very similar roles which have few differences. The difference is that brokers work for brokerage firms and secondly, you can also employ yourself (self-employment) and do the work of a real estate broker single-handedly to help investors with the data, analysis, and feedback they need.
To work as a broker, you will need a lot of experience and probably you must have previously worked as a real estate agent. The job of a broker is more difficult and requires more experience because it is sometimes done single-handedly. As a broker, you can start your brokerage firm. In the United States, brokers can earn an average salary of $72.5k per year.
5. Property Manager
Management is a very important aspect of any system you can think or talk about, and real estate investment is no exception. Real estate property managers are assigned the role of managing real estate assets. They ensure that these assets are in good physical condition especially if they are landed properties.
In REITs companies, real estate property managers also earn well. They play a very important role because if real estate assets are not properly managed, they will not be marketable or good for purchase. They earn an average of $54k per year and this makes property management one of the best jobs in real estate investment trusts (REITs).
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