A residential property manager is typically employed by a property owner or real estate company to oversee a rental property or properties. Apartment and condominium complexes frequently have a residential manager working in an on-site office at the property. A property manager may also help with the day-to-day management of a group of smaller individual apartments or duplexes as well. The residential property manager acts as an agent for the landlord or leaseholder, helping to facilitate payment of rent and other agreed-upon fees. The property manager regularly conducts exterior inspections of the properties he or she manages, ensuring that all areas are kept up in an attractive and safe manner. They are the first point of contact when residents require repair issues; the manager schedules and prioritizes repairs and follows through to ensure their completion.
Residential Property Manager Tasks
Process leases, collect rent, make bank deposits, verify income and maintain waiting list.
Ensure compliance with HUD, TCAC or other regulations.
Supervise on-site staff and coordinates repairs and maintenance.