What Does a Property Manager Do?
A property manager or property management company will market your rental property to minimize vacancies and maximize income. This will be done by one or multiple mediums, such as advertising the property on their website, online advertising, newspaper advertising, placing a for rent sign on the property and by adding the property to their posted rental vacancy lists.
As the name implies, I manage the day to day operation of a residential building from single family homes, duplex or multi-family dwellings for the owner. Essentially, we take over the tasks that all landlords are responsible for, but we handle them in a professional, legal manner. Here are just a few typical tasks or responsibilities we find ourselves doing as property managers: • Screening Tenants • Collecting Rent Checks • Scheduling/Coordinating repairs and upgrades • Paying utilities, bills, taxes and warranties • Showing Rental Properties • Posting advertisements about vacant rentals • Inspecting Properties and doing walkthroughs Again, these are just a few of the responsibilities that we handle on a day to day basis as property managers. Recently I wrote a list of important things that a property owner should be doing with their own rentals if they don’t currently have someone managing for them. These responsibilities shouldn’t be taken lightly.
A property manager is responsible for the maintenance and management of a physical building or property. There are two types of property managers: residential and commercial. The specific tasks required in these two types of roles are different, but the overall position requirements are the same. In order to become a property manager, most employers require post-secondary education in architecture, business or property management. Candidates with this type of training are able to review detailed drawings, work with the construction trades and make decisions about the long-term care of a building or property. Communication skills are also very important for a property manager. These can be obtained through courses or seminars. Many people gain valuable experience in property management through a position in a building trade. These roles provide valuable experience working with other trade professionals, determining the project needs and ensuring the project remains on budget. On average
What does a property manager or property management company do? A property management company will market your rental property to minimize vacancies and maximize income. This will be done in multiple ways, such as advertising the property on their website, newspaper advertising, placing a for rent sign on the property, and by placing daily online advertisments through companys such as craigslist.com or rentals.com. A property manager will fill the vacancies with qualified tenants. A qualified tenant is a tenant who passes a background and credit verification checks as well as receiving a good reference from current and past landlords and employers. To ensure the property maintains curb appeal, a property manager will perform maintenance on your rental property and keep the it in good condition. Management companies will usually have an in-house team of maintenance technicians or established relationships with maintenance and mechanical vendors, such as plumbers, electricians, appliance
