Residential Property Manager salary in Latvia

Average Yearly Salary of Residential Property Manager in Latvia is approximately 20,810 EUR (20,845 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Residential Property Manager do?

A residential property manager is responsible for overseeing the day-to-day operations and maintenance of residential properties. They act as a liaison between property owners and tenants, ensuring that all parties adhere to lease agreements and regulations. Their main duties include marketing vacant units, conducting tenant screenings, coordinating repairs and maintenance, collecting rent payments, and resolving tenant complaints or issues. Additionally, they may be involved in budgeting and financial management, enforcing property rules and policies, and maintaining records and documentation. This occupation requires excellent communication and problem-solving skills, as well as strong attention to detail and organization.

Skills: residential property management, tenant relations, property maintenance, lease agreements, rent collection, property marketing.
Job industry: Real estate

How much does Residential Property Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Residential Property Manager a well paid job?

Yes, our data show that Residential Property Manager is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Residential Property Manager?

High salary for Residential Property Manager would be somewhere between 22,891 EUR and 30,175 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Residential Property Manager in Latvia?

Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 20,810 EUR
Estimated Monthly Salary: 1,734 EUR
Estimated Weekly Salary: 400 EUR per week
Estimated Hourly Salary: 10 EUR per hour
By working as Residential Property Manager a person can save up to 877 USD per month or 10,525 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Residential Property Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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