What the job costs #
Salary is the part everyone quotes and the smallest part of the decision. Here is the employment cost at the national median, using the rates in force for the 2026 to 2027 tax year.
£43,365
Median salary
ONS ASHE 2025 (provisional), SOC 1251
£50,234
Employment cost a year
Salary, employer NI and minimum pension
£29
Per hour worked
37.5 hour week, 46.4 working weeks
| Item | A year | Where it comes from |
|---|---|---|
| Median salary | £43,365 | ONS ASHE 2025 (provisional), SOC 1251 |
| Employer National Insurance | £5,755 | 15 per cent above £5,000 |
| Minimum workplace pension | £1,114 | 3 per cent of qualifying earnings |
| Employment cost | £50,234 | About £29 an hour on a 37.5 hour week |
Recruitment, equipment, software seats, training and cover for holiday and sickness all sit on top, and they vary too much between businesses to put a number on here.
If you want to run your own figures, the true cost of an employee tool does this with your salary, hours and on costs.
What the week is actually made of #
Here is the job as it usually runs in a business, split by whether the work follows a fixed pattern or needs a person to decide something. This split is our analysis, not a survey, and your version of the role will differ.
Runs to a pattern (2 of 12)
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Update landlords on works, costs and income weekly
A report from data already held.
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Check contractor invoices against the job raised weekly
A matching exercise.
Needs a person (10 of 12)
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Manage a portfolio of tenancies end to end daily
Every property and every landlord is different.
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Triage maintenance reports and decide what is urgent daily
A leak and a dripping tap look the same in an inbox.
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Instruct contractors and approve quotes within limits daily
Price, availability and quality trade-offs.
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Inspect properties and write the report monthly
Seeing what is wrong requires being there.
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Handle deposit deductions and disputes monthly
Evidence and adjudication.
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Keep every property compliant on gas, electrical and fire safety monthly
Knowing which rules apply to which property type.
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Manage rent arrears and the conversations that go with them weekly
Difficult, personal and legally sensitive.
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Negotiate renewals and rent increases monthly
A commercial negotiation with two parties.
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Serve legal notices correctly monthly
Small errors void the notice.
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Run check in, check out and the inventory argument that follows monthly
Disputed facts and competing photographs.
What to do before you advertise #
The question is not whether to hire. It is what the person will be doing on a Tuesday afternoon in March. Two things are worth doing first, and both take less effort than writing the advert:
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Count the week you are about to buy
Write down the jobs this role would pick up, how long each takes and how often it happens. The cost of admin time calculator adds it up and puts a cost on it.
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Separate the pattern from the judgement
If most of the hours sit in the first list above, a hire will absorb the pressure rather than remove it, and the same pressure returns when the business grows again.
Plenty of businesses do both: automate the repeated half, then hire someone to do the half that needs a person, often part time or at a level that keeps them interested. That is a better job than the one the advert usually describes.
Where this role usually sits #
This job turns up most often in lettings and property , and the admin around it looks different in each.
A note on the pay figure #
£43,365 is the median for full time employees in SOC 1251, Property, housing and estate managers, from the ONS Annual Survey of Hours and Earnings, 2025 (provisional). ONS publishes a coefficient of variation with every figure, and this one is 4.4 per cent, which ONS treats as reliable.
It is a national figure covering every employer size and region. What a specific business pays depends on where it is, how specialised the job is, and what else is on offer nearby.