Discover in this post, best paying jobs in Real Estate investment trust and learn much more about real estate investment trust (REIT). In your search for a career opportunity, I’m sure, you must have come in contact with REIT jobs. However, you might be wondering if REIT jobs are great career choices. Well, they are and guess what, it offers numerous opportunities. So, if you’re interested then you will be learning about the Best Paying Jobs in Real Estate Investment Trust.
However, before we move on best paying jobs in Real Estate investment trust, let’s learn a little about REITs and how they work.
Real estate investment Trusts also known as REITs are companies that own and manage various estates. REITs own several commercial properties ranging from apartments, warehouses, office complexes, hotels, commercial forests, etc.
In addition, they make a profit from sales of commercial properties and pay investors. This is a sure way of making income with little risk and zero stress.
But why should you start a career in real estate? Here are some of the reasons why you should invest in real estate.
Also Read – Tips to stand Out As a Job Seeker This Year
Why should one invest in Real Estate Investment Trust?
REIT have lots of advantages. REIT deliver steady income and can generate long-term capital. In addition, both big and small investors can both benefit and gain income. more so, they are tax-efficient.
Now we have seen some benefits of REITs, so let’s dive into the main topic. which is the best paying job in Real Estate Investment Trust. Although you might need to know the types of Real Estate Investment Trusts.
Types of Real Estate Investment Trusts
This is a list of the types of REITs you may pick interest in. In addition, you will also learn how you can make profit with the REIT of your choice.
1. Medical Real Estate Investment trusts
Medical REITs deal with health buildings, health facilities, and research facilities. Because of the rise in health issues with the pandemic making things worse the demand is high. In addition to that, there is an increase in demand for Covid-19 facilities. So, investing would bring great gain.
2. Debt Real Estate Investments
These are companies that loan money to people that are interested in real estate purchases. So, the monthly interest from the loan brings income
3. Equitability Real investment Trusts
Apartments, residential real estates, markets are some of the projects associated with Equitability REITs. In addition, they take charge of building and establishing the hub. However, they do this after the plan is authorized. They pay a percentage of their profit to the investors.
4. Domestic Real Investment Trusts
They are in charge of constructing residential buildings and large-scale community complexes. However, these are just some of the main tasks in regard to domestic REITs.
5. Merchandise Real Estate Investment Trusts
These REITs deal with retail shops and markets like supermarkets, shopping malls, etc. Unlike the others, REITs will not be involved in management. Instead, they get earnings from retail stores and market owners.
Best paying jobs in real estate investment trust
Since we’ve explained types of REITs, we can move to the main topic. So, here are some of the Best paying jobs in real estate investment trust and some of the REIT jobs to consider.
1. Real Estate Investors
A real estate investor deals with purchase of real estate assets, then increasing their value and selling them. Most importantly this job is one of the most profitable jobs. However, despite the fact that it’s lucrative it is not as easy as it sounds. Hence you will have to do a lot of studying.
Here are some requirements in case you’re interested
- Funds to purchase a property
- A heart to take risk
- understanding of real estate strategies
once these are met then you’re good to go. in addition to that, the gain according to ZipRecruiter reeds about $124k. So what are you waiting for?
2. REIT Analyst
The REIT work with real estate and finance departments. They specialize in the acquisition, marketing and financing of properties. In fact, it is also one of the highly paid jobs in REITs. Hence, you can say it is one of the best paying jobs in REIT.
3. Real Estate Attorney
They are in charge of all legal activities. for example, it could be documentation, transfers, etc. They equally act as mediators, and they offer guidance to the sellers and buyers. Again, just like some of the jobs mentioned above the income is enticing. It offers about $119k annually. In fact, this would be great for an attorney
Here are some of the basic requirements
- A BSc in Law
- make the Bar Exam
- Jurius Doctorate degree
4. Property Managing
property managers make sure that the properties are financially and physically intact. And they also make sure that payments to investors are paid on time. coupled with that you will take care of your investors.
In addition, you also take care of the tenant’s properties because it will help a lot. By that I mean it will help you because your tenants will be satisfied which will bring more investment.
Here are some of the requirements for the job
- Managing skills
- marketing skills
- problem-solving skills
- sound knowledge in finance
- customer service
5. Real Estate Developer
Unlike real estate investors, a developer buys land and develops it(build) and then sells it instead of just buying and reselling. They are in charge of construction which implies that they work with professionals. By professionals, we mean architects, contractors, engineers, lawyers, etc.
here are some of the requirements for the job
- have good financial skills
- good planning skills
- Good understanding of real estate market
- degree in courses like business, architecture, civil engineering, etc.
6. Leasing consultant
This job involves advertising unoccupied properties. Not only that but they also assist and persuade a client to buy a property. In addition, they verify applications and ensure the property is maintained. You will love this job if you are passionate about customer service.
Here are the requirements for the job
- Experience as a leasing consultant
- Customer service skills
- Good bargaining and negotiation skills
7. Real Estate Property Appraiser
This job requires that you understand how the pricing of property works. Because the job requires that you estimate and determine the worth of properties. In addition, the job requires an appraiser licence. Hence you need proper education in the field.
But on the bright side, the job pays an average of $54k annually
In this job, you research and look for investment opportunities. You’re
How to get a Job in Real Estate Investment Trust
Firstly, submit your application to different REITs then let them see your abilities. And try learning new things and improving. You can also befriend people in the field. It might seem a little tough, but you’ll figure that it isn’t.
In addition, we will advise you not to apply for positions when you are not qualified. This could hinder your chances of getting the job. Start with the small position, then you can start developing. Then you’d be able to work towards your ideal job.
Benefits of working at REIT
Firstly make it easier for the general public to be able to purchase properties.
It provides reasonable and steady income for investors.