Property managers are responsible for the overall financial and operational management of residential, commercial, and industrial properties. Property managers aim to minimize costs while keeping tenants satisfied. They are tasked with addressing tenant concerns, collecting rent, dealing with maintenance, and managing the budget.
Here are the most common duties and responsibilities of a property manager are as follows:
- Background check of the applicant’s credit, criminal history, rental history, and ability to pay.
- Legal documents and leasing agreements or accepting rent using legal documents approved for the area in which the property is located.
- Supervision of any maintenance issues within a budget with a Limited Power of Attorney legally agreed to by the property owner.
- Maintenance and repairing of the property to keep it in working order and work with maintenance people to ensure it stays that way.
- Managers should be knowledgeable about the landlord/tenant laws for the state they live in as there can be the need for evictions because of non-payment, harassment, fighting among neighbors, and property damage assessments.
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