Job In Real Estate with the Least Hours
Right now I work in a role for asset management at an institutional player. I am curious what job has the least hours as I am having success with my side business right now but not comfortable enough to leave my job yet.
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This is a pretty unusual question for these forums lol...
AM is probably the lowest/most consistent hours you’ll find for a finance oriented role that’s relatively front office. You could also move to FP&A but you’re more corporate at that point.
Property management is going to be a straight up 9-5 for the most part but that’s just not even in the same ballpark.
I am in asset management retail. Specifically distressed assets that were heavily hit by covid. I’ve been putting in 8-7pm days consistently with sometime longer hours. It’s been rough to say the least.
I mean yeah being in distressed assets during a global pandemic isn't going to be fun but that's definitely not the AM standard.
Some underwriting and lending positions have the 9-5 schedule
Servicing also has very minimal hours. Saw many people in that group leave before 5:00 consistently. However, I have seen that servicing tends to attract older, female professionals who don't feel the need to do anything else.
Appraisers make their own hours. you could work 30 hours a week and still pull in 100k-150k a year if you're with a larger shop like CBRE, Cushman or Newmark
2nd this. Use to work at a small regional shop and every appraiser pulled in minimum of $150K at 30hrs. Now whether you wanna do appraisal work is a different story lol.
Isn't appraisal usually commissioned though? So it's feast or famine?
Is pay part of this consideration? Unfortunately the guy that pumps the GSE's doesn't post anymore so I'll take his place and say Freddie/Fannie positions. I believe most of them have capped hours.
Even though I can't stand that GSE shill, I can confirm. Have friends there who say it's one of the more cushier jobs in the industry.
For now pay is important as I’ve been saving 90% of my salary (live with parents) for when I shift my online store to a brick and mortar location. I guess for now I should just grind out both my side hustle and real job hours until I make the leap.
Definitely a good response. GSE people literally are not allowed to spend more than X amount of hours a week in the office at junior levels.
Lol!!
I'll tack on that lifeco gigs tend to be light on hours as well. Debt AM at a lifeco is likely not a very high stress sort of role.
Will say debt AM can be a low stress job at a Life Co. But, as someone who used to work at a Life Co, the debt asset management departments tend to be understaffed, and if you do bridge or construction loan asset management, you may find your hours to be 50-60.
Thanks for the tip, I thought AM would be the easiest track but then I joined the retail asset management team and it’s been a tough year hours wise.
Are you looking for "least" hours? Or most "flexible" hours? These are not always the same thing... (I mean, which helps the side hustle the most?)
The 9-5 types may be "least" in theory, but may be very inflexible, like you are expected to be their 9-5 with minimal degree of freedom (this is becoming less the norm thankfully). The above commenters seem to get have listed a good range of the "leave the office by 6pm" type of jobs.
Appraisal is very flexible, as mentioned, but only after trainee status is lifted (then it is eat what you kill, and frankly, I've known many appraisers working 60-70 hrs a week to make the cash). Still flexibility is very high.
Brokerage can be flexible, until a client or prospective client calls and you drop everything for the meeting.
Development (now speaking from personal observations), can actually be very flexible on a relative basis. With the exception of firms that purposely run like wall street sweat shops (you know who you are!!!!), development tends to be "slower" by process and order. Not universally true, some weeks could be 80+ due to deadlines and transactions. But overall, you really have few reasons to stay past 6pm in most orderly periods of the world, and the work tends to be flexible. Major caveat, this is very dependent on firm cultures, city/property type, and the degree to which the firm is short staffed (and pretty much all shops are short staffed to some degree...).
Some food for thought.
+1 to this. Some days I'm going strong from 8 am to 9pm. Others I roll in around 10 and head out at 4:30 and don't bother to even look at my phone after I leave.
It's very situational.
Would you say this privilege extends to Junior people like me? I really just need less hours opposed to flexible due to the nature of my side hustle. I basically ship products out I make my self/ double dip recording the process with a growing following(Tik tok so no YouTube bucks). When I would need flexible hours would be if I ever bought a brick and mortar location which I am aggressively saving for but with my current cash saving of $70k isn’t feasible yet.
+1 on all of this being situational. Especially once you leave NYC/SF top of market sort of firms. I'm currently at a sponsor as an in-house capital markets guy. Weird product niche and probably a 15% discount to my market rate, but I basically work 9-5 when I don't have an imminent closing. Sucks for plenty of other reasons, but the hours sure ain't it.
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