Property managers are the people who are responsible for retail or residential property. Depending on the property they manage, an employee will work in an office either on or off site. Property managers organize any service and work done to the property, will sometimes be responsible for maintaining tenancy, and maintain the leases for the properties. They are responsible for maintenance staff and any necessary security staff. A property manager maintains the income and budgeting, makes deposits to accounts, and is responsible for keeping track of payments. They will typically process eviction proceedings on behalf of the property owner and manage showings, tenant income and credit verification, move-ins, and move-out procedures. They keep rental property vacancies ready and prepared for new tenants, and may be responsible for maintaining furniture. Additionally, they process leases in accordance with local and federal laws.
Property managers have a responsibility to ensure that a lot of policies are met. They are responsible for making sure that the properties comply with HUD and/or TCAC laws. They work with any other staff related to the property, from maintenance and security to other general office staff. Their clients are property owners, and they are the connection and means of communication between owners and tenants, be they retail renters or residential tenants. Most property management hours occur during normal business hours, though weekends may be required for showing or organizing maintenance. A property management position doesn't necessarily require any education, but many positions require experience either in management, supervision, or working on properties of that type.
Property Manager Tasks
- Process leases, collect rent, make bank deposits, verify income and maintain waiting list.
- Ensure compliance with HUD, TCAC or other regulations.
- Process evictions.
- Supervise on-site staff and coordinates repairs and maintenance.