A good Property Manager manager helps an apartment building become a success. To the owners, an apartment building is an investment that only pays off if the apartments are occupied. A Property manager who keeps everything running smoothly and looking attractive will make the building more appealing to tenants, which increases profitability, the U.S. Department of Labor states.
Function
A Property manager’s duties, according to the U.S. Department of Labor, involve the day-to-day operations of his building. The exact duties may vary with the owner’s needs, but often include financial management, which involves both collecting rent and paying the building’s mortgages, taxes, payroll and utilities. A building manager may negotiate staff hiring, purchase supplies and equipment and choose contractors for repairs.
Challenges
When problems develop, the building Property manager is the person tenants and owners look to for solutions. According to the Department of Labor, if tenants have complaints or need repairs made, the manager deals with it; if tenants aren’t abiding by the terms of the lease, the manager has to take care of that, too, even if it means launching an eviction. A good manager will put in a lot of time pre-empting problems by inspecting the grounds and building in order to spot potential problems.
Obligations
An apartment building Property manager has to obey the law. She cannot discriminate among tenants on the basis of race, color, religion, gender, age or disability—with a few exceptions, such as age in seniors-only housing—and some local governments add sexual orientation to the list. She must make sure the property complies with the local building codes and other regulations, as well as federal rules, such as the ADA-requirements for handicapped-accessibility.
Features
According to the Department of Labor states, Apartment managers, should expect to spend lots of time away from their office showing apartments, checking with maintenance, meeting with tenant groups (often in the evening) and inspecting the premises for problems. The workdays are usually long, and some owners prefer managers take time off during the week so they can show apartments on the weekend. Many owners require the manager to live on-site so that he’s available instantly; the apartment may become part of his compensation package.
by Fraser Sherman, Demand Media
Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.
The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.
- Tenant placement
- Tenant screening (including: credit check, landlord and employment verification, social security trace report, California eviction check and criminal check)
- Regular property inspections
- Accounting and landlord bill payment
- Monthly financial reporting
- Maintenance service and supervision (we use only proven independent vendors)
- Collections
- Evictions
- We supply all the necessary forms to meet California’s Landlord/Tenant laws
- 24 hour emergency phone service
- Advertising to the broadest tenant base possible
Call or e-mail us today for more information. We’re ready to get started!
- Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 and check if we can service your area.
