Real estate is booming and considered a high payout and income industry. If you’re looking for the best-paying jobs in real estate investment trusts, you’re in the right place.
In this article, we’ll break down the following:
- What is REIT ( Real Estate Investment Trust )?
- Different Types of Real Estate Investment Trusts
- Best Paying Jobs in Real Estate Investment Trusts in 2022
- How to Get a Job in Real Estate Investment Trusts?
What is REIT ( Real Estate Investment Trust)
A real estate investment trust is a firm that owns and operates various real estate, ranging from apartments, complexes, offices, and shopping malls.
With REIT, investors can invest in valuable properties and generate a passive income without going anywhere. The stockholder of REIT can earn a share of the income.
REIT promises the highest return on investments at low risk, which is why it is highly considered by most investors for allocating their funds to real estate and gaining benefits.
Types of Real Estate Investment Trusts
Before we get into the best paying jobs in real estate investment trusts, you must know the different types of REIT available and how they work.
Equity REIT
An Equity REIT is considered to be a traditional real estate company that possesses physical properties such as apartments, residential real estate, stores, and markets as its main business stream.
Management, monitoring, and building of the hub are done by the Equity REIT itself. The Reits then pay a percentage of the profit to the investors.
Mortgage REIT
Mortgage REITs are investment trusts that invest in mortgage-related assets rather than physical properties. It is much more of a financial role as compared to equity REIT. Thus, it is important to know about investment factors before investing in a mortgage REIT.
Medical REIT
Medical REITs engage in research facilities, hospitals, multi-speciality clinics, and healthcare buildings among other things.
After the lockdown and the calamity we faced in the last two years due to corona, the demand for hospitals is on the rise now.
Laboratories, testing, and nursing facilities all have their own set of requirements. So, it’s safe to assume that investing in the medical field can yield great returns.
Merchandise reit
Supermarkets, shopping malls, department stores, and other locations, are all examples of merchandise investment.
But REITs don’t take charge or manage these investments. Put simply, they assign purchasers debt and collect earnings from market properties.
What Are The Best Paying Jobs in Real Estate Investment Trusts
Like every other organisation, REIT has different departments and job roles to perform. Ranging from customer relations to office operation are some of the jobs available in this sector. However, it is not easy to get the best-paying jobs in real estate investment trusts.
A required level of qualification, experience and efficient knowledge is essential to get through it. The job role of REITs is to maximise the cash flow in a tax-efficient way by helping them raise the money to purchase or build properties.
Here are some of the best high-paying jobs in real estate investment trusts you can consider in 2022 :
1. Real Estate Broker
You can also compare the role of a real estate agent to a real estate broker. The role of both of them is to make it easy for sellers and buyers of real estate properties to meet.
The main difference between the two is who they work for. For example, a real estate broker can work independently but must have three years of experience as a real estate agent. And most real estate brokers work for brokerage firms.
2. Real Estate Investor
Being a real estate investor is one of the most lucrative jobs in this industry. The work of an investor is to purchase multiple real estate assets, add value to the, and then sell it for a higher price to generate profit.
But as good as it sounds to be a real estate investor, it is not easy to make a profit. You must know when and where to buy and sell properties that can give you decent profits.
3. Real Estate Analyst
This is yet another best-paying job in real estate investment trusts. The main role of the analyst is to buy, sell, market, and financial assets.
4. Real Estate Attorney
One of the best paying jobs in real estate investment trusts. The attorneys work to solve a variety of issues related to asset ownership and transfers.
An attorney acts as a mediator for problems related to real estate holdings such as titles, swaps, documentation, and other legal problems.
5. Real Estate Developer
In contrast to a real estate investor who buys and sells existing real estate assets, a developer’s role is to acquire lands and build assets to sell.
A real estate developer works with a number of professionals to get the work done in a seamless manner. This category includes engineers, architects, attorneys, contractors, and other professionals.
6. Leasing Consultants
A leasing consultant is the main sponsor in the real estate industry. They help people in choosing properties and housing option that fits their budget and interests,
Working as a leading consultant is a great alternative if you want to get into the REIT.
How to Get a Job in Real Estate Investment Trusts?
Now you know what is REIT and what are some of the best paying jobs you can consider in real estate investment trusts, you may want to know how to get a job.
- Apply to various real estate investment trusts. Demonstrate your knowledge and experience in finance, real estate, business administration, sales, and investment.
- Make connections with people in the field and learn as much as possible about various roles in REIT.
- Start with an entry-level position or as an intern if you don’t have the required experience or degree.
The Bottom Line
Real estate is booming and rapidly growing. There is no shortage of people looking to buy or sell the property and do business.
And it’s not gonna slow down anytime soon. One can consider a career in it with many lucrative benefits, regular steady income, and even insurance in REIT.
