The role of a property manager is to oversee the daily operations of rental properties. This includes setting and collecting rent, managing maintenance requests, filling vacant units, and possibly setting the property budget. Property managers often deal with properties that real estate investors don't live nearby or don't want to manage personally. To be successful in this role, property managers must have a diverse set of skills and knowledge.
In some states, such as Virginia, they must also have a real estate license to display properties, collect rent, and process specific documents. Property managers can use a broker to supervise their properties if they are not real estate agents. This is especially useful for investors who own multiple properties and don't want to take on the responsibility of managing them. Marketing is an important part of the job for property managers.
They need to use a variety of methods, such as word of mouth, online and traditional methods, to reach potential tenants. Working with a company like East Bay Property Management and Consulting means using an extensive network of contacts for your rental real estate. If you're looking for ideas on how to create your perfect position, check out our job offers for property managers. Ready to add a new property manager to your team? A property manager is just what it sounds like.
