Property Manager – Bell Canyon
Duties of a Property Manager
The responsibilities of a property manager are outlined in an agreement with the property’s owner. The most common services are making sure that a property is well maintained, in compliance with the law, and that income and expenses are managed. A typical agreement may including the following services.
Compliance
The property manager must make certain that the property is in compliance with zoning regulations and fire safety standards. Compliance include:
Conducting inspections
Obtaining rental licenses
Paying insurance premiums
Meeting building code regulations
Maintenance
The physical structure of properties, the land surrounding it and the supplies utilized to perform maintenance must be properly cared for to prevent the property from deterioration and financial loss. A property manager may oversee the following types of maintenance:
Lawn care
Renovations
Snow removal
Carpet cleaning
Window cleaning
Securing the premises
Chimney / duct cleaning
Indoor and outdoor lighting
Appliance upgrades and installations
Emergency repairs and replacements
Financial
A property manager is responsible for making sure that a property is performing well financially. To do so, they may provide the following services:
Collecting rents
Filing evictions
Managing escrow accounts
Property managers may also show properties to prospective tenants. A tenant is an individual or a business that has a lawful right to occupy a property for a specified period of time. The property manager will negotiate and secure leases on behalf of the owner. A lease is a legal document that creates a relationship between the owner and the tenant. The lease outlines terms and conditions.
When property managers perform this service they are acting as an agent on behalf of the owner. Therefore, many states require property managers to have a real estate salespersons or brokers license. Licensed salespersons and brokers are required to adhere to the laws of agency, which requires them to act honestly on behalf of their clients.
From: https://study.com
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