A property manager handles the day-to-day operations of rental properties on behalf of landlords. Their role includes a range of responsibilities, from marketing and leasing to maintenance and tenant relations.
Property managers typically advertise rental properties, screen potential tenants, and handle lease agreements. They are responsible for collecting rent, addressing maintenance requests, and ensuring the property remains in good condition. This often involves coordinating repairs and inspections, managing vendor relationships, and overseeing property upkeep.
In addition to operational tasks, property managers may also handle financial aspects, such as budgeting, accounting, and financial reporting. They ensure compliance with local, state, and federal laws, including fair housing regulations and landlord-tenant laws.
