Property managers operate as administrative overseers of a range of separately owned commercial, industrial, and residential real estate locations. They are responsible for maintaining up-to-date knowledge of all housing and tenant laws to ensure that all safety conditions, lease agreements, and rent collection services comply with both local and federal standards.
In addition, property managers typically act as marketers to potential tenants, creating advertisements and sourcing high-quality renters. Throughout the tenant’s lease, property managers must ensure that maintenance staff complete all requested repairs quickly and at a fair price. Most importantly, they actively communicate with the homeowner during the rental process, ensuring that he or she remains aware of any issues and receives up-to-date information about the property.