Are you looking for the best paying jobs in real estate investment trusts in the USA?Â
If you have any questions in your mind and are wondering whether real estate investment trust is a good career path and how powerful the future it holds, then we got you covered.
This article will see different types of REIT, how to invest in them, and the 10 Best paying jobs in real estate investment trusts with their benefits.
But first, let’s understand what real estate investment trust stands for?
What does REIT stand for (real estate investment trusts)?
The real estate investment industry is growing fastly every day, and the opportunities to make money through REIT are also flourishing.
It has delivered highly competitive returns, steady income and long-term capital.
A real estate investment trust is a company that owns and operates various real estates. They have different commercial properties, ranging from apartments, offices, complexes, warehouses, and shopping malls. The total real estate investment trust owns $3.5 trillion in the USA.
Most trusts focus on owning particular property, but some trusts own multiple types of properties.
Through REIT, investors can generate passive income and invest in valued properties. Without actually having to go anywhere, the stockholder of REIT can earn a share of the income.
If you are looking for opportunities that promise a higher return for your investment but are at low risk, then the real estate investment trust is the perfect fit for you.
However, it would help if you had strong investment strategies to increase your portfolio. The industry offers endless career opportunities. If you are looking to start a career in REIT, you have landed at the perfect spot.
Further, we will explore 10 of the best paying jobs in the real estate investment trusts in the USA and the ones that will make the best fit for you.
Why should one invest in Real Estate Investment Trusts (REIT)?
REIT offers a variety of advantages. They are an excellent portfolio diversify and have reduced portfolio risk. REIT has delivered good returns, steady passive income and long-term capital.
They are tax-efficient, and they have pass-through status from the government. Big or small investors can efficiently allocate their funds in the real estate market and gain benefits.
Different types of REIT
1) Equity REIT
Equity REIT invests in offices, residential properties, industrial assets, office buildings, and hotels. They manage, build and sell real estate properties and further distribute the income to the investors in different dividends.
Most of the income comes from the rental and sale of properties.
2) Mortgage REIT
Under Mortgage REIT, they lend money or acquire existing mortgages from real estate buyers. They earn through charging interest that they get on the mortgages loans.
3) Health Care REIT
Health care real investment trusts invest in medical centres, hospitals, nursing facilities, and clinics. This REIT shows a good investment opportunity because the health care sector will grow in the future, and they are highly demanded.
4) Office REIT
Office REIT invests, owns and manages office buildings. They earn through rents. Some focus on specific fixed markets like districts or suburban areas.
They range from NGOs, technology firms, banks, and agencies. They trade on the public exchange markets, and investors can buy these shares.
5) Residential REIT
Residential REIT owns and operates rental apartment buildings, complexes etc. They give people a chance to invest in real estate properties.
This REIT tends to focus on larger urban centres. It is a flourishing market.
6) Hybrid REIT
A hybrid REIT is a real estate investment trust that combines equity and mortgage; they further invest in mortgage loans or securities. Hybrid REITs get the benefits of both with less risk.
Who can invest in Real Estate Investment Trusts (REIT)?
REIT allows investors to invest in various properties that they don’t have to manage themselves.
They make it very efficient for individuals with diversified financial portfolios to diversify their holding without the added cost of real estate management.
How to bag a job with a Real Estate Investment Trusts (REIT)?
It is essential to determine what type of career you are interested in and possess all the necessary skill sets.
After that, look if any educational background is required or job experience is required.
Before applying for various REITs, make sure you know about finance, business and investment.
Experience is a significant key role- the more you know about the sector, the more you will land a better position. You must be confident and take chances.
Let’s look at the 10 best-paying jobs in real estate investment trusts in the USA
REIT are simple systems run by simple companies that offer different jobs for varied profiles.
The real estate market is an ideal investment strategy, especially if the market is in good shape. Being a real estate owner, property management or being an investor in real estate aren’t the only opportunities for an income stream.
Below are some 10 best-paying jobs in real estate investment trusts in the USA-
1) Real estate investor’s jobs in real estate investment trusts
If you have extensive research and market research skills, then a Real estate investor’s job is one of the most profitable jobs in this industry.
The real estate investor purchases real estate assets and develops worth to them or adds value to them and then resells them at a premium higher price.
One must have time, patience and skills to make it work. Have an eye on when to buy, where to buy and what price to sell.
Primary requirements to be a real estate investor:
Funds- Money to own and buy the property.
Knowledge- One must know different real estate investment strategies.
Willingness- Be able to take risks
Quickly adapt to various strategies in buying and selling properties.
Annual pay, Real estate investor receives an average of around $124k. It is one of the best paying jobs in real estate investment trusts.
2) Real Estate Agent Jobs
After a real estate investor job, the following common occupation is the real estate agent job. The real estate agent is responsible for assisting a person in purchasing or selling real estate property.
Some agents specialize in either residential real estate properties or commercial real estate.
They help to connect buyers and sellers of various commercial properties. The properties might include various sections like shopping centres, warehouses, apartments. You must have some history in finance.
Real estate agents and real estate brokers are two different things. Real estate agents work for a brokerage firm, whereas a real estate broker has additional training, and they can hire other agents.
3) Real Estate Property Appraiser
An appraiser is someone who determines the worth of a property. It can either be a commercial or residential asset. Real estate property appraiser calculates the market value of the assets, which rely on different economic factors.
One is required to have a license and education on appraiser courses. However, it is essential to have an educational background in different subjects like economics, finance, real estate.
Annual pay, Real estate Property appraisers receive an average of around $53k.
4) Real Estate Attorney Jobs
Real estate attorney jobs are an excellent job opportunity under REIT. The work of a real estate attorney involves settling disputes in asset ownership and transfers.
The real estate attorney acts as a mediator whether there is an issue of titles, transfers, documentation or any other legal issue between the parties involved.
They provide legal guidance to buyers and sellers. Real estate attorneys ensure that all parties adhere to the legal framework and avoid disputes.
Primary requirements of being a real estate attorney-
Bachelor’s degree in law and Juris doctorate
Passing the bar exam
If you are already an attorney, this might be a good opportunity.
Annual pay: Real estate attorney receives an average of around $119k. It is one of the best paying jobs in real estate investment trusts.
5) Real Estate Broker
A real estate broker helps the asset buyer meet the seller and vice versa. Brokers work independently without joining any brokerage firm. A broker can also start their brokerage firm becoming their boss.
Being a real estate agent helps you determine your income with your hard work, knowledge and dedication. Brokers must have a license and pass the qualification test before starting their work.
Real estate agents and real estate brokers are two different things. Real estate agents work for a brokerage firm, whereas real estate brokers have additional training, and they can either work on their own or hire other agents for them.
Annual pay: Real estate brokers receive an average of around $72.5k.It is another best paying job in real estate investment trusts.
6) Property Management Job
Property management is another good option. Many people put their income in some real estate investment trusts and get dividends.
A property management position is widespread. A property manager does not cater only to investors’ needs but also to the need of the property and the tenants in it.
The property manager’s job includes assuring the financial and physical conditions of the properties that are appealing and attractive.
To be a good property manager, one must possess great managerial skills, problem-solving skills and marketing skills.
Annual pay: Property Management job receives an average of around $54k.
7) Real Estate Investment Trust Analyst Job
The real analysis job is to work with real estate and financial management to assist, sell, and market and finance properties. A real estate person contributes to the research, analysis, and monitoring.
They use different financial tools on companies’ assets and purchases. They help a company to make wise decisions on properties. One must have good research skills, organizational skills and analytical skills.
Enough knowledge in local property markets and finance programs is also needed—a bachelor’s degree in economics, finances or any related field.
Annual pay: Real estate Investment trusts analyst job receives an average of around $82k.
It is another best paying job in real estate investment trusts.
8) Real Estate Developer Job
Real estate developer acquires land and builds the property. He does not work like a real estate investor who buys real estate properties and resells them instead, and they construct the buildings from scratch, including planning, financing and coordination.
They work tightly with various professionals like architects, engineers, lawyers, contractors.
Primary requirements for becoming a real estate developer-
Good in financial planning
Exposure and knowledge of real estate market degree in architecture, urban planning, business, civil engineers.
9) Leasing Consultant
Leasing Consultants help people find property and housing options that fit their budgets and preferences.
The leasing consultant job starts with a progressive career and has higher positions and roles in future.
You become a public face. If you work as a leasing consultant, you need to have good interpersonal skills, marketing skills and promotional skills.
Possessing sound knowledge in this field helps you get your client what they demand.
10) Investor Relation
Investor Relation coordinates interactions with Real estate investment trust shareholders. They conduct annual meetings, which include a summary report and financial statement.
A bachelor’s degree with experience in accountancy and finance comes in handy.
There are several benefits of real estate investment trust-
Liquidity
Real estate investment trusts have better liquidity than direct property investment. Unlike normal property, which is bought or sold in the open market, REIT is traded on stock exchange.
Clarity
Real estate investment trust are publicly traded, and they must be registered on a stock exchange with the SCE and their financial information are disclosed to the real estate investors.
Diversification
Real estate investment is a massive portfolio that allows investors to diversify in the real estate market.
Steady Income
Real estate investment trusts provide a dividend income and allow stead capital over a long time.
Performance
Real estate investment trusts have a history of being one of the best-performing sectors. All the commercial properties have long-term appreciation.
Limitations of REIT-
#1. Property-specific risks
REIT adds diversification to one’s portfolio. It’s with most individual REITs are not very diversified. They mainly focus on a specific property. Each type of commercial property has its risks.
#2. Interest rate
REIT are highly sensitive to interest rate fluctuations. Rising interest rates are bad for REIT stock prices.
#3. Tax Rates
The tax rates are higher than 15% most dividends are taxed.
This is because a large part of the REIT dividend is considered ordinary income, normally taxed at a higher rate.
In conclusion
The real estate industry is rapidly growing. The number of people searching for a place to live or do business is endless.
The job offered in a real estate investment trust will not slow down. There are many comprehensive benefits, regular steady income and even insurance in a Real Estate Investment Trust.
It is a good choice, and one can consider a career. Even if you don’t want to make it a career path, Real estate investment trusts offer a good investment option and high returns.
REIT is a globally recognized successful profession that provides individuals with many fulfilling opportunities and the opportunity to make money in less time.
Lastly, if you want to succeed in this field, you need to prepare and get one of the best paying jobs in the listed real estate investment trusts.
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