Is Real Estate Investment Trusts A Good Career Path In 2024?

Published on: 09 November 2021 Last Updated on: 15 May 2024
Is Real Estate Investment Trusts A Good Career Path

“Is real estate investment trusts a good career path?” the answer to this question is absolute ‘Yes.’ This business is already attracting lots of beginner investors into the market because it consists of a high return on investment.

REITs are actually companies that own finance-producing real estate across various sectors, and investors get huge benefits from this. However, there are a number of requirements to qualify as real estate investment trusts (REITs).

The main purpose of this company is to help communities grow, revitalize, and thrive. This real estate investment trust is located in every state and is considered a crucial part of the United States economy. Now, discuss this in detail.

What Is A Real Estate Investment Trust (REIT)?

What Is A Real Estate Investment Trust (REIT)?

As already discussed above, a real estate investment trust or REIT is an investment property that funds income-generating real estate assets. This fund is managed by a firm of shareholders who invest funds in properties such as timberlands, hotels, shopping centers, hospitals, warehouses, apartment buildings, etc.

A REIT is similar to an exchange-traded fund (ETF) or mutual fund. A mutual fund aggregates a number of securities or stocks into a single group. Then, rather than purchasing individual fund shares, investors can purchase shares of a mutual fund.

In a similar way, investors can acquire shares or partial ownership in a real estate investment trust to reap the financial benefits of investing in multiple pieces of real estate or other securities simultaneously.

An advantage of real estate investment trusts is that they offer good investment returns to the investors. This factor is attracting many to invest in this asset. Now, what do you think, Is real estate investment trusts a good career path? 

How Does A Company Qualify As A REIT?

How Does A Company Qualify As A REIT?

There are some requirements for a company to qualify for real estate investment trusts, and these requirements are listed below:

  • You need to have at least a hundred shareholders.
  • Fifty percent of the shares should not be held by five or fewer individuals.
  • The company should be managed by trustees or a board of directors.
  • Be an entity that is taxable as a corporation.
  • The company must pay at least ninety percent of its taxable income as shareholder profits each year.
  • Obtain a minimum of 75% of its gross income from rents, mortgage, or sales of real estate
  • Lastly, invest at least 75% of its total assets in real estate.

How Can You Invest In Real Estate Investment Trusts? An investor or a company must buy stocks just like public stock. The investors may buy shares in an exchange-traded fund or REIT mutual fund. On the other hand, there are many jobs available in real estate investment trust, and these include asset management, property management, development, and much more. 

Pros Of Real Estate Investment Trusts (REITs) – Is Real Estate Investment Trusts A Good Career Path?

Pros Of Real Estate Investment Trusts (REITs) - Is Real Estate Investment Trusts A Good Career Path?

There are some pros and cons of REITs that you need to consider before choosing a real estate investment as a career path. 

Have a look at these below-described pros of real estate investment trusts:

i). Performance: This is proven to perform well due to the appreciation of commercial properties.

ii). Diversification: Investing in REIT is regarded as an investment portfolio where the securities and other stocks are down.

iii). Dividends: Provides a stable income stream for investors.

iv). Liquidity: You can easily buy and purchase shares in the market.

v). Transparency: This investment trust is traded on vital stock exchanges that operate under the same rules.

Cons Of Real Estate Investment Trusts (REITs) – Is Real Estate Investment Trusts A Good Career Path?

Cons Of Real Estate Investment Trusts (REITs) - Is Real Estate Investment Trusts A Good Career Path?

Now, let’s know the major cons related to real estate investment trusts, and these are described below:

i). Minimal Control: If you are investing in this firm, then be prepared because you cannot control operational decisions, such as plans and strategies.

ii). Management Fees: You may be charged with high transactions and administrative fees.

iii). Investment Risk: There are some factors that can affect your investment, and this includes tax laws, geography, debt, interest rates, and property valuation

iv). High Tax Payment: The dividends can be taxed the same as normal income, and this is the drawback of REIT. Here, you may have some clarity to your question, “Is real estate investment trusts a good career path”. 

V). Slow Growth: More than 90% of profits are given back to investors, and only ten percent are reinvented.

What Are The Different Types Of REITs?

What Are The Different Types Of REITs?

There are actually five types of real estate investment trusts, and these are described below:

1. Mortgage REITs

There is only ten percent of REIT investments are in the mortgage, and this is regarded to be very less risky. For diversifying your portfolio, you must consider this investment for your firm.

2. Office REITs

The name of this investment trust itself signifies that these are investments in office buildings. Office real estate investment trusts get income from the rental income. However, there are some major factors, such as vacancy rates, employment rates, capital, etc., that you need to consider if you are interested in office rent.

3. Healthcare REITs

Healthcare REITs are an excellent choice as in the US; healthcare costs are rising rapidly. This type of trust includes nursing homes, retirement homes, medical centers, hospitals, etc. Hence, it is directly involved in the development of the healthcare system.

4. Residential REITs

Residential REITs include several kinds of rental properties like PGs, job holders, etc. However, before considering this know the economic growth, vacancy rate, job opportunities, and the population. 

5. Retail REITs

It is estimated that around twenty-four percent of the total REITs are owned by retail. Therefore, investing in these real estate investment trusts can be the best decision that you can consider in 2024.

What Are The Best Paying Jobs In Real Estate Investment Trust?

What Are The Best Paying Jobs In Real Estate Investment Trust?

Now that you know the answer to “Is real estate investment trusts a good career path,” it is time for you to know about something important!

Before you can figure out how many jobs are available in real estate investment trusts, you need to know which REIT jobs pay the best. Our research indicates that sales representatives, leasing agents, broker positions, fund managers, and a variety of other positions in real estate investment trusts (REITs) are the ones with the highest pay.

The advantages will increase more when you own your own land ventures. Presently, we should talk about the top divisions that get the most significant pay in the land venture trusts.

1. Asset Manager

The Asset Management department of REITs is in charge of monitoring the portfolio’s financial and operational performance. They manage client assets in accordance with investment preferences and goals. Additionally, these managers create, manage, and organize client portfolios.

It is quite possibly the most lucrative work, with compensations going from $70,000 to $1,000,000. They must keep an eye on the business’s financial and operational success. They are also in charge of marketing, finding investors, and checking the returns.

Asset management can be a lucrative career choice, particularly for students of investment banking, finance, and economics with strong performance. BlackRock was the largest asset management company in the world at the end of 2019, managing approximately 7043 trillion dollars in assets. Subsequently, this is actually a colossal sum!

2. Property Manager

You might be surprised to learn that there are currently approximately 15,000 property managers employed in the United States, and this number is increasing. A property manager’s duties include communicating with customers and negotiating the best prices for the sale or rental of property.

They handle everything, from leasing to collections and property upkeep. The best part is that applicants need not meet any minimum requirements to apply for this position. This job pays anywhere from $55,000 to $65,000 per year, and one of the best things about it is how quickly it can grow.

3. Acquisitions 

Because they have to find and evaluate potential acquisition targets, working for this job profile requires a lot of analysis. There are many job opportunities in this sector, and the good news is that it pays well—about $80,000 per year.

They must be adept at problem-solving and aware of new revenue-generating investment opportunities. This position is one of the best in the real estate investment trust industry.

Securing divisions gives paying positions in land speculation trusts. However, this is a real estate industry position with a lot of finance.

4. Investor Relations

All communication with REIT shareholders that faces the outside world is managed by this department of real estate investment management. A typical administration financial backer procures up to $150,000. This is huge, and it is regarded as the REIT’s highest-paying job position.

This is your opportunity to work in the finance and accounting division. The best thing about it is that it pays well and has good potential for growth.

In addition, organizing and preparing for the annual meeting, which includes writing a proxy statement and an annual report for the business, is part of the job of investor relations.

Presently, to land this position, you will need a college degree with a foundation in money or bookkeeping. 

5. Real Estate Investor

This is quite possibly the best work in the land venture trust industry in light of the fact that, notwithstanding the significant compensation, there are great possibilities of headway in this industry. Their primary function is to help people become financially independent by investing in real estate.

Before investing and trading, this job requires extensive market research, which takes time. It will be mentally and physically demanding because you will be required to carry out a variety of tasks, such as inspecting, maintaining, flipping, purchasing, and restoring the properties. They can increase the value of their investments as a result of all of this.

You really want a degree in bookkeeping, money, or business to turn into a genuine financial backer since you want to think of ways of improving ventures for you as well as your clients. A land financial backer procures somewhere in the range of $15,000 to $15,000 each year.

Bottom Line: Real Estate Investment Trusts Is A Good Career Path

You might have got the answer to your question, “Is real estate investment trusts a good career path”. Consider the pros, cons, and types of real estate investment trusts (REITs), and then you can decide whether it is good for your career path or not. However, according to the experts, REITs are considered a good career path!

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Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

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deal with a difficult landlord

How To Deal With A Difficult Landlord

Landlords are a necessary part of renting. Unfortunately, a property that is otherwise perfect might come with a terrible landlord. In the ideal situation, your landlord will be someone you get along well with. But what happens when your landlord is difficult to work with? Fortunately, you can take steps to deal with this. To this end, we have put together a list of ways to deal with a difficult landlord to help you out. Check your lease agreement First things first: look over your lease agreement again. Is the issue you are concerned with covered in the lease? Then you know how to proceed. Of course, this could also work against you, if your landlord’s behavior is covered by the lease. Because of this, before you sign a lease agreement, it is very important to properly read through it. On the flip side, if your landlord’s behavior is directly contradicting the lease, you have a legal way to make them stop. Alternatively, if you can’t landlord’s willing to give you a good lease agreement, it might be time to start considering if you want to continue renting an apartment vs buying a house. Look through your lease agreement before doing anything else, to make sure there isn’t an easy solution to your problem. Research rental laws The first step you should take is informing yourself on how you can, legally, deal with a difficult landlord. This will depend on what your exact complaint is. As such, you will want to go to the Residential Tenancy Branch website and learn about your rights as a tenant. There are laws to help you against unreasonable landlords. For example, there is an established law about how much money they can as for a security deposit. There are also laws to protect your privacy, maintenance requests, and anti-discrimination. Related Resource: How Did COVID Change Landlord-Tenant Laws Pick your fights A tenant is required to ask their landlord about any repairs, from minor to major, before they take action. But, what if your landlord is unresponsive? Well, chances are, if they are already uninterested then asking for every minor repair to be handled will make them more uninterested. So, in this situation, you should only choose high-priority issues to fight over. Legally, a landlord is required to keep their property in livable condition, however, this might mean something different to you than your landlord. So if you have to choose what needs to be fixed, then prioritize fighting over the bigger problems. Alternatively, it might be better to avoid these issues entirely and start hunting for a new apartment. If your landlord is generally unresponsive, try to only argue about important issues when you can. Speak with the other tenants   Speaking with the other tenants about your issues is generally a great idea. After all, a group of tenants can more easily deal with a difficult landlord. So, ask around. Are the rest of the tenants experiencing the same issues? Check if there’s a tenant’s association, and file a complaint through them as a group. Generally speaking, groups have more success getting results than individuals filing complaints. Be prepared to leave Unfortunately, in some cases, it might not be possible to deal with a difficult landlord. Or, dealing with them might not be worth it. In cases like this, you should be ready to move out on short notice. Of course, moving out on short notice isn’t something that’s easy to do, and it shouldn’t be done without a good reason. So, always go through every other option before deciding to do this. But, if this is the only solution, you should be prepared to leave your current apartment in a week or two. Moving out is a solution that should only be considered when there are no other options. Alt-tag: couple carrying moving boxes downstairs Document everything thoroughly If you have proof, then resolving your complaints tends to be much easier. Always make your requests in writing, and keep your landlord’s replies. Do this through email, letters, or texts. If your landlord then visits you in person, make a record of the date and things discussed. Keep copies of payment requests or any agreements whatsoever. If possible, take photo or video evidence with some sort of timestamp on it to help with proving your point. Be respectful No matter how difficult your landlord may be, do your best to stay respectful when interacting with them. After all, by being disrespectful, you are only giving them more reason to be unreasonable. Try to be calm in your communications, and try to work with your landlord. Maybe they will even decide to be nicer to you in the future. If this doesn’t help, it might be time to start planning a move. Experts from note that you should always have your move planned in advance for situations like this. Never miss your payments An easy way to help you deal with a difficult landlord is to never miss your payments, and generally be a good tenant. Follow your lease thoroughly, make sure your payments are on time. Keep the apartment clean and don’t cause trouble for the other tenants. By doing this, you avoid giving your landlord anything to say against you when you file your complaint. Look for additional help If you’ve spoken to your landlord, sent a letter, and filed complaints, but nothing came out of it, then it’s time to search for additional solutions. When you have tried everything and you just can’t reach an agreement with your landlord, then you should consider filing an appeal at the Residential Tenancies Branch. The Residential Tenancies Branch (RTB for short) can mediate between you and your landlord in situations like these. An agreement reached through this is final, binding, and enforceable. Afterword Dealing with a difficult landlord isn’t easy. If they decide to be unreasonable, or unresponsive, there is almost nothing you can do to easily solve the issue. We hope you found this list of ways to deal with a difficult landlord helpful, and you luck in dealing with your issues. Read Also: How to Protect Your Property as a First Time Landlord? What To Look For When Renting A Property In St Albans: Checklist & Advice 5 Ways to Become a Profitable Landlord 6 Expert Tips for Finding The Right Home to Buy 6 Expert Tips for Finding The Right Home to Buy


Seven Questions to Ask Before Hiring A Conveyancer

You need a conveyancer to help you with the buying and selling of real estate, but you might not know how to choose someone to help you.  Ask all these questions when you are shopping around for an attorney.  When the attorney gives you the service that you need, they will help you buy and sell property in a way that is far simpler than what you would have done on your own. 1. Do They Work On Retainer? Conveyancers Sydney work on retainer most of the time.  You can make a retainer payment that will pay for a little work up front, and you will be happy about that they can answer the phone any time you call.  You should get someone on your side while you can so that they can step in if you have any issues at all. 2. What Do They Charge? The conveyancer should charge an hourly rate that you find to be fair.  You need to ask them how much they charge for special services, and you must have a look at what your options are when they are charging for filing papers or completing a sale.  All these little things add up to a service that you find gives you value. 3. Can They Hunt For Properties? You can ask your conveyancer to hunt for properties on your behalf, and they could get you into some properties that will have a good price and remain cheap while you try to work out the details.  They might even get you a quote on the home or property so that you can see where the negotiation is going. 4. How Do They Close Deals? The conveyancer will close deals in their office with the help of their staff.  They use all the tools at their disposal to give you the results that you need, and they can handle all the cash and extra funds from the sale that include commissions and payments to banks. 5. Do They Work With Banks? The conveyancer is an expert in working with banks.  They know the legal hangups of certain things, and they will be very careful to have a look at all their options so that they can give you the best loan or funding.  They will contact the bank on your behalf, and they will let you know what the bank can offer you. 6. They Know People In The Industry: The conveyancer that you are working with should know people in the industry that they can contact for help with your job.  You must be sure that you have gotten the right information on the sale along with property records.  You need the lawyer to do all the research, and you should ask them if they can give you all these records before you complete the sale. 7. Can They Work Out Of State? You need to ask your lawyer if they have another office that can service you in another location. All these things add up to a much better lawyer who will give you all the services that you need. Read Also: How Can Conveyancing Services Help You? Choosing The Right Conveyancing Solicitors For You How To Sell Your House Fast?! Five Must-Know Tips To Move Your Property!

swimming pool

Top 5 Tips in Designing Your Swimming Pool

You might think that designing a swimming pool is an easy feat. After all, all you have to do is to dig out the ground and shape it like a rectangular prism or a cove-like space in your backyard. You can even buy an old shipping container and repurpose it into a perfectly sized lap pool. Take a look at this article for example. Even so, just like any other part of your home, you’ll surely want to give it a careful thought during the design process. First of all, it can be a one-time project only. Pool renovations and remodeling can be pretty expensive. So, you got to nail it right from the get-go. In addition, it will be more interesting if it complements the general design concept of your home. Of course, you wouldn’t want your home details to clash against each other, right? So, take the design process seriously to avoid any regrets in the future. 1. Decide where to build the pool. It doesn’t always have to be in the backyard, folks. So, no pressure at all. It really depends on where the ideal space is—that could be at the front of your main entrance, outside the master’s bedroom, the side of the house where great views are pretty surprising, on the rooftop or even indoors! The possibilities are endless. To help you decide about the ideal location, try to think about some factors like what the weather’s like in your city every year and the ideal size for you. It’s also good to think about what views you’d like to see. Some homeowners don’t like seeing just a plain wall when they lounge by the pool or swim. They want to see the stunning views from afar. And so, they aim to achieve that by placing it in the best location where they can see those views. If it’s necessary, they can also decide whether to elevate it a little. 2. Consider your lifestyle and goals. What’s the biggest reason why you’re wishing for a swimming pool in the first place? Is it for health and fitness reasons? If so, you’d surely prefer lap pools to dip pools so that you can truly practice your swimming skills and be able to do a full-body exercise at the same time. For true swimmers, you’ll also want to increase the depth of your swimming pool so that you can practice your driving skills as well. In addition, economical reasons will also prompt you to plan in advance for the maintenance needs of your pool. Budget-wise homeowners think long-term and talk to expert professionals like the Blue Waters Pool Services to seek for advice. 3. The needs of your family members matter, too. If you have small children, you’ll want your swimming pool to be kid-friendly as well. You can design something with varying depths suitable to their ages. You can even incorporate a kiddie pool in your main swimming area so that there’s also a special place for them while you’re still teaching them how to swim. 4. What’s the general design concept of your home? As mentioned already, you wouldn’t want the details in and out of your home to be clashing with one another. You’d definitely prefer to settle on a general look and feel that’s based on a theme that exudes your lifestyle and personality. 5. Communicate your needs to the contractor who will work on your project. It’s important that you and the contractor who will work on your project will always be on the same page from start to finish. This is why it is important to always openly communicate your plans, needs, and ideas. Check out what else you need to know before building a pool. Encourage them to ask questions in case they need clarifications. Also, it is important to ask them about the specific steps they’ll take to fulfill your expectations. You can test their expertise by asking for suggestions that will best answer your needs. Ready to show your newly constructed pool? We’re excited to see the pictures! Do share with us! Read Also: Renting A Villa In Malta With Private Pool All You Need To Know About Pool Maintenance Services