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What is a Property Manager?

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nickg198 | 22 Mar 2016, 05:38 PM Agree 0
A property manager basically takes control of the rental property, only requiring your input for things like large repairs or extensive maintenance.

Good property managers also stay on top tenant/landlord laws to make sure that your property is up to code, and that any dealings with tenants are lawful and meet any required standards. They should know what the proper notice periods are for entering the property, and what needs to happen in order to evict a tenant.
  • Mary | 18 Jan 2017, 12:42 AM Agree 0
    There are a bunch of responsibilities that property managers have. Real estate property management involves understanding of operating expenses and budgeting. They are responsible for advertising the rental properties and conducting the full process of screening applicants. Also, understanding financial statements, profit and loss, income taxes and budgeting are all very important for the property manager.
  • iHateAgents | 01 Jan 2018, 02:13 PM Agree 0
    Show me someone that fulfils these responsibilities! Most seem to outsource most of their responsibilities.
    My new years resolution is to sack "property managers" that won't take responsibility to smoke detectors. Outsourcing the cleaning and change of battery. What a joke.
  • Jon Westrom | 14 Feb 2019, 10:14 PM Agree 0
    Property managers help owners create budgets, advertise rental properties, qualify tenants, collect rent, comply with local landlord-tenant and real estate board laws, and maintain properties. property management is also the management of personal property, equipment, and physical capital assets that are acquired and used to build, repair, and maintain end item deliverables. Property management involves are processes, systems, and manpower required to manage the life cycle of all acquired property as defined above including apartments, detached houses, condominium units, and shopping centers. Property managers are usually used to accomplish a range of real properties, such as homes, commercial buildings apartments.
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