A property manager oversees and manages real estate properties on behalf of property owners or investors. Their main goal is to ensure efficient, profitable, and hassle-free property operations.
Key responsibilities include:
Tenant Relations:
· Finding and screening tenants
· Handling tenant inquiries and concerns
· Managing leases and rent collection
· Enforcing lease terms and resolving disputes
Property Maintenance:
· Regular inspections (optional, at cost)
· Organizing repairs and maintenance
· Managing contractors and service providers
Financial Management:
· Advising on rental rates
· Budgeting and financial planning support
· Accounting, record-keeping, and bill payments
Marketing and Advertising:
· Promoting vacant units
· Attracting qualified tenants
Legal Compliance:
· Staying updated on housing laws
· Managing evictions if necessary
Tenant Screening:
· Conducting background, credit, and reference checks
Communication:
· Maintaining open communication with owners and tenants
· Keeping all parties informed of policies, bylaws, and procedures