The Responsibilities of a Professional Property Manager
For real estate investors, good property management could be the key to success. This is because the property manager has a diverse role with many duties – all designed to maximize the investor’s ROI (return on investment). However, to get the highest ROI and reap the greatest benefits, your property manager must perform all of their duties efficiently. These duties include: managing the tenants, performing administration and risk management tasks, handling marketing and financial matters and managing physical property (i.e. condominiums or apartment buildings). Managing the Tenants Managing tenants is one of the most important duties of a property manager. However, tenant management also involves understanding the needs of the residents. This includes, offering 24-hour customer service, prompt and emergency maintenance, timely, fair rent collection practices, property maintenance and lease management. Apartment and condominium management ; however, also includes property ma