Gain insight into the essential qualifications, important duties, key responsibilities, and vital skills that form a well-rounded Property Manager job description.
What does a Property Manager do?
A property manager is in charge of managing residential and commercial properties to ensure they run smoothly and efficiently. This involves setting rental rates, marketing and filling vacancies, dealing with tenants, and overseeing maintenance tasks.
Job Description
We are seeking an efficient property manager to oversee the daily operations of properties, advertise vacant units, and handle tenant relations. The property manager's main responsibilities include managing finances, coordinating maintenance work, enforcing leases, and creating performance reports.
To be successful as a property manager, you should be able to ensure efficient daily operations and meet financial goals. Ultimately, an excellent property manager should be able to increase property value and meet tenant needs.
Job Duties and Responsibilities
- Creating and managing budgets.
- Attracting potential tenants through advertisements, property viewings, and referrals.
- Interviewing potential tenants and running credit checks.
- Setting rental rates, negotiating and enforcing lease agreements.
- Addressing tenant complaints and inspecting vacated units.
- Hiring and supervising repair and maintenance work.
- Collecting rent, handling late payments, and managing operating expenses.
- Maintaining records of income, expenses, leases, complaints, and maintenance tasks.
- Preparing reports on the financial performance of properties.
- Terminating leases and initiating eviction proceedings.
Requirements and Qualifications
- High school diploma or equivalent.
- Preferably a degree in real estate, property management, business administration, or a related field.
- Previous experience as a property manager or in a similar role.
- Knowledge of property regulations.
- Proficiency in Microsoft Office and property management software.
- Understanding of marketing and accounting principles.
- Strong organizational and time management skills.
- Excellent communication and negotiation abilities.
- Good customer service skills.