Top 5 Essential Responsibilities of a Property Manager

Everyone knows that property managers play an important role in rental properties. However, do you know what exactly their responsibilities entail? According to WebinarCare, about 70% of property managers perform duties that include property inspections, advertising, and working on leases. Here's a more detailed breakdown of what property managers do day to day.

Property Inspections

A good property manager can inspect properties for damage from previous tenants. Homes and apartments must be assessed after people move out. This allows property managers to determine cleaning costs and decide how much of the deposit to return. A property inspection is an involved process that requires a keen eye for detail.

Advertising

When rental properties are vacant, it's up to property managers to advertise the property to potential renters. For property managers, advertising is typically as simple as uploading a home or apartment listing to a rental website. However, the property manager also has to provide important details about the property. It's important a property manager understands a space's selling points.

Handling Maintenance Requests

If a tenant puts in a maintenance request, it's up to the property manager to ensure that the maintenance request is fulfilled. Property managers accept maintenance requests and get in touch with maintenance personnel to schedule appointments. This is a crucial part of making sure rental properties are livable and comfortable.

Collecting Rent

Every month, rental property managers collect rent from their tenants. Collecting rent can be as simple as allowing tenants to pay electronically, but some rental properties require physical checks for rent payment. A property manager is responsible for making sure tenants pay rent on time and with valid payment methods.

Facilitating Leases

When it's time to rent to a new tenant, property managers are in charge of facilitating leases and getting new tenants set up in the rental property. A good property manager provides clear instructions and ensures that a tenant understands and agrees to all elements of the lease.

Property managers have a lot of jobs when it comes to finding tenants and ensuring those tenants treat the property with respect.

For more information about what our property managers do, get in touch with APM Real Estate today!