Where managers live makes a lot of difference in how much theyare paid, the survey revealed. Those who managed 300- to 500-unitproperties in Jackson, MS earned $33,800; people doing the samework in San Francisco took home $54,800. But, if you are a leasingconsultant it doesn't seem to matter where you live. They were paid$25,600 on average whether they lived in Providence, RI or LosAngeles.
Going forward, the compensation outlook for real estateprofessionals seems less rewarding. Average executive pay increasesare projected to fall from 7% last year to 5.5% in 2000 and then to5.1% the year after. These declines come at a time of an averageemployee turnover rate of 50% during 1999, $35% of which wasvoluntary.
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