Property managers settle tenants into their new rentals.
Owners who do not live at their properties, or a group of people who share common occupancy, such as an office building, turn to property managers to handle daily care and building operations, efficiently, fairly and under budget. Although they can work out of their offices, property managers are typically away from their desks showing apartments, checking on maintenance staff or meeting with tenants.
Roles
Property managers ensure that the properties under their care operate smoothly, maintain their appearance, and either preserve or increase in value. They inspect all facilities; hire, supervise and assign duties to maintenance staff; and contract for services such as trash removal or landscaping. They also show properties to prospective tenants or buyers, explain occupancy terms and collect monthly rents; and pay taxes and other maintenance fees. On the administrative side, they ensure that all procedures comply with relevant laws, such as the Federal Fair Housing Amendment. They also keep property records and prepare budgets and financial reports for owners.
Specialties
The roles and job titles of property managers can vary by specialty. Real-estate managers oversee income-producing residential and commercial properties so that investors receive the maximum returns. They handle financial operations, such as tax payments, payroll and maintenance bills. Community association managers administer communal properties such as condominiums so that all residents are treated fairly and pay their fees on time. Onsite property managers are in charge of daily operations on a single property, such as a shopping center. They keep facilities clean and make repairs as needed. Finally, real estate asset managers coordinate the buying, selling and development of real estate on behalf of investors and businesses.
From: http://work.chron.com/
