Property Manager Duties & Responsibilities
The role and function of a Property Manager includes the following duties and responsibilities:
- Preparing and managing budgets.
- Attracting new tenants through advertising, property viewings, and encouraging referrals.
- Interviewing tenants and running credit checks.
- Setting rental rates, negotiating and enforcing lease agreements.
- Maintaining records of income, expenses, signed leases, complaints, maintenance, etc.
- Preparing reports on the financial performance of properties.
- Terminating leases and initiating eviction proceedings.
- Addressing tenant complaints and inspecting vacated units.
- Contracting and supervising repairs and maintenance work.
- Collecting rent, dealing with late payments, and handling operating expenses.
Note that this is not an exhaustive list of Property Manager duties and responsibilities. Job functions for specific Property Manager roles may vary, depending on the industry and type of employer.