A property manager is a professional responsible for the overall management of real estate properties on behalf of property owners. Their primary goal is to ensure the smooth operation and profitability of the properties under their management. Here are some key responsibilities and tasks typically associated with a property manager:
Preparing and managing budgets.
Attracting new tenants through advertising, property viewings, and encouraging referrals.
Interviewing tenants and running credit checks.
Setting rental rates, negotiating and enforcing lease agreements.
Addressing tenant complaints and inspecting vacated units.
Contracting and supervising repairs and maintenance work.
Collecting rent, dealing with late payments, and handling operating expenses.
Maintaining records of income, expenses, signed leases, complaints, maintenance, etc.
Preparing reports on the financial performance of properties.
Terminating leases and initiating eviction proceedings.
Skills:
Working knowledge of property regulations.
Proficiency in Microsoft Office and property management software.
Understanding of marketing and accounting principles.
Strong organizational and time management skills.
Excellent communication and negotiation skills.
Good customer service skills