What Does A Property Manager Do?

Mar 19, 2024

6-minute read

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A real estate agent with a client holding a pad of paper, indicating a discussion or consultation.

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.

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