How many jobs are available in real estate investment trusts? – The answer to this is that there are several jobs in the real estate industry. You will find all of them on major recruitment platforms like LinkedIn, Indeed.com, etc. As the real estate industry is broad, there are a variety of job options that are available. This is especially true for jobs associated with real estate investment trusts.
In this article, we will mainly discuss jobs in the REIT industry or real estate investment trusts. Apart from that, we will also give you a brief idea of the best job options in this industry. However, before that, we will discuss whether a career in real estate investment trusts is a good option for you or not. Hence, to get fully informed on the topic, read on through to the end of the article.
What Is Real Estate Investment Trusts?
According to Investopedia, “A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments—without having to buy, manage, or finance any properties themselves.”
A real estate investment trust (REIT) basically gets ownership of income-producing properties and then operates and finances them. For investors, REITs help to generate a steady source of income. However, the appreciation of capital is not much in REITs.
In most cases, REITs are publicly traded like stocks. These make these stocks highly liquid. However, this is not the same with physical real estate investments.
Generally, REIT investments include real estate properties like – commercial buildings, apartment buildings, data centers, hotels, healthcare facilities, offices, retail centers, warehouses, cell towers, etc.
How Do REITs Generally Work?
As per regulations and laws of REITs, investors are able to buy shares in commercial real estate portfolios. These portfolios used to be only available to people with high finances and lots of wealth.
Basically, REITs focus on certain types of properties in the real estate sector. On the other hand, there is also the presence of diverse and special REITs, which contain different types of properties in real estate investment portfolios. That is, a REIT portfolio can consist of both commercial and official property.
REIT companies trade REITs on some of the major security exchanges. As a result, investors are able to purchase and sell REITs throughout the trading season, as they do with stocks. Investors trade REITs typically under substantial volume. This is because REITs are generally very liquid instruments for investments. Since REITs offer a strong and stable annual dividend and potential long-term capital appreciation, they play an essential role in an investment portfolio. In the last two decades, REITs have given a better total return performance. Apart from that, it is also easy to purchase and sell REITs. This is because REITs trade the most on public exchanges, which is not possible with general real estate investments.
Are Real Estate Investment Trusts A Good Career Path?
Of course, real estate investment trust is a good career path. However, you will need to have the right knowledge, qualifications, and skills to handle everyday operations in the industry. The management procedure is complex and demanding. Apart from that, market volatility makes it a risky option for many employees. However, if you do it right, this career is extremely rewarding.
If you want to have a REIT career, you will need to start at the bottom and climb your way to the top by working. Do not expect a juicy salary at the start of your career. However, if you prove yourself to your employers, you can achieve success within just a few years. The rewards are really appealing if you seriously stick to your career.
The following are the things you need to have if you want to have a good career in real estate investment trusts:
- You have good knowledge of real estate investments, and you are interested in knowing more about the real estate industry.
- You want to learn more about the real estate market, and you yourself are interested in acquiring real estate.
- You have strong analytical and management skills.
- You love taking risks and know how to get past risky situations when it comes to the investment of clients.
- You know how to deal with people and are exceptionally good at negotiations.
Best Paying Jobs In Real Estate Investment Trusts
In the United States, investment real estate jobs are plenty. However, there is always a need for people who have better knowledge of the industry and know how to deal with clients. The following are some of the best-paying jobs that you need to look for when it comes to real estate investment trusts:
1. Financial Analysts
According to Glassdoor.com,
“Real estate analysts provide financial analysis to support the financing, acquisition, marketing and leasing of properties. They provide expert advice to real estate companies and other firms based on economic conditions, market trends, and financial situations.”
Basically, you will need to analyze the market trends and statistics and inform your clients about the best options to invest in. However, you will need to be exceptionally good with statistics and analysis.
2. Senior Accountant
Here, you will need to oversee the financial and accounting practices of your employing company, as well as the assets of the client. According to Indeed.com,
“Their duties include creating and analysing financial reports, delegating accounting tasks to other team members and reconciling financial statements.”
Hence, you will need to be extremely careful with your calculations.
3. Asset Manager
Here, you will be responsible for managing, trading, and investing in assets on behalf of your clients. Apart from that, your responsibilities also include advising the clients in their real estate investment while acquiring assets and monitoring them based on the needs and demands of the clients.
4. Property Manager
The major duties of property managers include finding tenants for real estate and rental properties. Apart from that, as a property manager, you will be responsible for preparing and signing lease agreements. Moreover, your responsibilities also include collecting fees and rent deposits. Furthermore, you will also need to ensure maintenance.
5. Financial Risk Specialist
If you get into this career, you will be one of the highest-paid in your organization. Financial Risk Specialists earn an average of $100,000 per year. Furthermore, the top ten percent of the people in this job role earn around $171,000. However, you will not be able to join this role as a starter, and you have to work your way up.
Summing Up
Hope you have a better idea of how many jobs are available in real estate investment trusts. Despite having millions of jobs, the demand for skilled people is always a need in this industry. If you possess the right skills for the right job, getting success and earning more will only be a matter of time. If you know how to analyze the rise and fall of markets, and you have good knowledge of the market forces, you will do exceptionally well in this industry. Which of the aforementioned job options appeals to you? Tell us in the comments section about why you like that job.
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