Senior property managers are the highest-level manager assigned to an individual property, which may be commercial or residential. Their primary role is to ensure the property management runs smoothly and profits are maximized. Senior property managers perform a number of tasks, such as making sure that their properties have low vacancy rates, collecting rent, and taking care of any tenants' issues. They also oversee the entire rental process, from advertising and showing vacant properties to accepting and processing tenancy applications. In addition to these rental-related tasks, senior property managers oversee vendor relationships and the property’s staff, as well as financial records and reporting for the property. Senior property managers generally work full time and report to regional property managers, who oversee a number of different properties.
A high school diploma or equivalent is generally the minimum educational requirement for this position. Many senior property managers have bachelor’s degrees in hospitality, business, or a related field. Some employers prefer their senior property managers to be licensed real estate brokers. Senior property managers usually have experience in the property management field, and they are likely promoted from a more junior position in a management company. Senior property managers must have strong written and verbal communication skills, as they deal with tenants, staff, vendors, and the community. They must be able to multitask, be able to organize, and proficient with basic computer software.
Senior Property Manager Tasks
Manage administration of property operations and leasing office to ensure a safe and quality living or working environment.
Annually bid contracts for site services to provide analysis and recommendations to management.
Create and cultivate tenant relationships.
Hire and supervise on site staff and ensure maintenance of property grounds.
Enforce prompt payment and terms of lease agreements.