What Does A Property Manager Do?
Author:
Sidney RichardsonMar 19, 2024
•6-minute read
Whether you’re an investor, a renter or just curious about real estate, you’ve probably heard of property managers – but what do they do? Property manager duties span beyond what you might expect; they often do much more than just collect rent.
Let’s explore a few of the responsibilities handled by property managers and what you can expect if you decide to work with one.
What Is A Property Manager?
A property manager is an individual or entity hired by a property owner to oversee and manage the day-to-day operations of their real estate investment. Property manager responsibilities include:
- Setting and collecting rent
- Handling maintenance requests
- Filling vacant units
- Potentially setting the budget for the property
Property managers often take care of property that real estate investors either do not live near or do not wish to personally manage. A property manager can be one person or an entire management company, depending on the needs of the owner.