How large is your staff? How much are they paid?There is an average of 2.8 property management employees per 100 market rent apartments, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. to the National Apartment Association 2003 Survey of Income and Expenses in Rental RENTAL. A roll or list of the rents of an estate containing the description of the lands let, the names of the tenants, and other particulars connected with such estate. This is the same as rent roll, from which it is said to be corrupted. Apartment Communities. The median number of employees was 2.7. Subsidized sub·si·dize tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es 1. To assist or support with a subsidy. 2. To secure the assistance of by granting a subsidy. communities had an average of 3.6 employees per 100 units and a median of 3.3. Respondents were asked to report the number of employees of the management/owner firm who were engaged in the management of each community that had financial data submitted. They were asked to report full-time full-time adj. Employed for or involving a standard number of hours of working time: a full-time administrative assistant. full and part-time part-time adj. For or during less than the customary or standard time: a part-time job. part employees separately. Employment data was received for 957 of the 3,042 properties reporting their operating financial data, and for 111 of the 604 properties with subsidized rents. Market Rent Properties The range in the number of employees in reporting market rent communities per 100 units went from a low of 0.35 to a high of 12.5. A typical community reported in the survey had an average of 6.72 employees of which 6.1 were full-time and 0.62 part-time. Employment requirement per 100 units drops almost universally as the size of the property increases. The average number of employees per 100 units declines from 3.72 for those with less than 100 units to a low of 2.3 for both those with 400-499 units and those with 500 or more units. The actual total number of employees per community increases from 2.73 persons (median of two) for those with less than 100 units to 15.86 (median of 15) for those with 500 or more units. Compensation (total wages, salaries and benefits) costs per employee averaged $35,301 and the median was $34,459. The range was $6,129 to $152,236. The low involved a community with one part-time employee and the high a community with an owner/manager who contracted several of the management functions individually. Employment costs per employee increase for the most part as the size of the community rises. The average for communities with less than 100 units in market rent communities was $26,090 (median of $25,482) to a high of $44,713 (median of $39,340). Subsidized Properties Numbers of employees in reporting subsidized communities per 100 units went from a low of 0.72 to a high of 8.65. A typical community reported in the survey had an average of 5.87 actual employees of which 4.75 were full-time and 1.12 part-time. Subsidized communities have a lower overall average number of employees than market rent properties because they tend to be smaller. Employment requirement per 100 units also declines as the size of the community increases. The average number of employees per 100 units drops from 4.3 for those with less than 100 units to a low of 2.84 for those with 300 or more units. The number of employees per property increases from 2.96 persons (median of 3) for those with less titan 100 units to 11.47 (median of 10) for those with 300 or more units. Compensation costs in subsidized communities per employee averaged $30,600 and the median was $28,711. A range from $4,834 to $117,529 was reported. The low involved a community with one part-time employee. Average compensation cost per employee also increased with the size of the community. They increased front a $27,248 average (median of $23,975) for communities with less than 100 units to a high of $33,787 ($31,199) for communities of 300 or more units.
Number of Property Management Employees in Rental
Apartment Communities--Subsidized Units
Units in Property Employees
total full-time part-time per unit
All Properties 111
# of Properties 5.87 4.75 1.12 0.036
Average 5 4 0 0.033
Median 21 21 13 0.086
High 1 0 0 0.007
Low
Average
Units in Property Employess Compensation
per 100 unit cost per employee
All Properties
# of Properties
Average 3.560 $30,600
Median 3.290 $28,711
High 8.650 $117,529
Low 0.720 $6,129
Source: National Apartment Association 2003 Survey of Income &
Expenses in Rental Apartment Communities
Number of Property Management Employees in
Rental Apartment Communities--Market Rent Units
Units in Property Employees
total full-time part-time per unit
All Properties
# of Properties 957
Average 6.72 6.10 0.62 0.028
Median 6 6 0 0.027
High 38 37 10 0.125
Low 1 0 0 0.004
Less than 100 Units
# of Properties 94
Average 2.73 2.01 0.72 0.037
Median 2 2 0 0.034
High 7 7 4 0.100
Low 1 0 0 0.013
100-199 Units
# of Properties 290
Average 5.57 4.68 0.88 0.030
Median 5 5 1 0.029
High 15 12 10 0.125
Low 1 0 0 0.004
200-299 Units
# of Properties 301
Average 6.15 6.15 0.00 0.025
Median 6 6 0 0.250
High 11 11 0 0.045
Low 2 2 0 0.007
300-399 Units
# of Properties 143
Average 8.33 7.94 0.39 0.025
Median 8 8 0 0.023
High 16 14 4 0.046
Low 4 2 0 0.007
400-499 Units
# of Properties 75
Average 10.13 9.67 0.48 0.023
Median 10 10 0 0.023
High 16 16 4 0.037
Low 3 3 0 0.006
500 or more Units
# of Properties 54
Average 15.86 15.19 0.72 0.023
Median 15 16 3 0.023
High 38 34 1 0.042
Low 3 1 0 0.006
Average
Units in Property Employess Compensation
per 100 unit cost per employee
All Properties
# of Properties
Average 2.846 $35,301
Median 2.660 $34,459
High 12.500 $152,236
Low 0.350 $4,783
Less than 100 Units
# of Properties
Average 3.724 $26,090
Median 3.410 $25,482
High 10.000 $98,408
Low 1.250 $6,129
100-199 Units
# of Properties
Average 3.041 $32,753
Median 2.880 $31,632
High 12.550 $152,236
Low 0.350 $6,208
200-299 Units
# of Properties
Average 2.542 $37,019
Median 2.500 $35,569
High 4.480 $86,545
Low 0.730 $14,107
300-399 Units
# of Properties
Average 2.473 $41,770
Median 2.330 $38,497
High 4.610 $127,748
Low 0.065 $14,395
400-499 Units
# of Properties
Average 2.302 $40,181
Median 2.026 $37,658
High 3.720 $133,396
Low 0.630 $20,776
500 or more Units
# of Properties
Average 2.305 $44,713
Median 2.300 $39,340
High 4.200 $135,135
Low 0.600 $20,136
Source: National Apartment Association 2003 Survey of Income &
Expenses in Rental Apartment Communities
Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. J. Sheehan People whose surname is or was Sheehan include:
An economist is an expert in the social science of economics.[1] , can be reached at gdad@erols.com or by calling 703/491-7377. |
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