What is a Property Manager
According to Salary.com, in 2009 the average property manager working in the United States earns an annual base salary of $78,582. The United States Bureau of Labor Statistics anticipates the employment of property managers to increase by 15 percent between 2006 and 2016. With this great paid career, why is it that many people don’t know what a property manager really does?
A property manager’s main job is to oversee the day-to-day operations of commercial and residential facilities. By performing duties to keep everything running smoothly within a facility, it is the property manager’s job to report everything back to the property owner or to the senior manager within a property management firm.
It is the property manager’s responsibility to advertise the property, and to maintain a low vacancy rate. Other responsibilities would include; showing the place, and approving or denying tenants, collecting rent from tenants, and enforce the terms of a lease. They provide customer service, and resolve any issues or complaints that might come up.
Other than managing with the tenants directly, property managers are in charge of coordinating all facilities maintenance; they manage all vendor relationships and routinely inspect his property for damages. They are also employed to create and maintain all financial records for their facility, regularly reporting to senior management or the property owner.
Independent owners may also want to hire on property managers to oversee their estate. Government agencies at the local, state and federal level employ property managers. Additionally, nonprofit organizations employ property managers to oversee their various facilities. There are many needs for property managers in today’s fast paced economy.