What does a Property Manager do?
A property manager is someone who takes care of the various aspects of residential or commercial properties. This can include making sure tenants pay rent on time and overseeing any maintenance that the property needs from time to time. Property managers usually work in an office environment and this can often be onsite.
Working as a Property Manager
Depending on the specific requirements of the property and owners, a property manager may:
- Show the property to prospective tenants.
- Collects monthly fees from tenants.
- Inspects the facilities of the property, including any equipment.
- Settle disturbances and complaints from tenants.
- Prepare financial reports and keep records of rental payments.
How much does a Property Manager make in the United States?
Frequently asked questions
What is the difference between a property manager and an estate agent?
A property manager will deal with all the management aspects of a property, such as the maintenance, tenants and rental income. An estate agent deals with listing and selling the property on behalf of the property owner.
What does a property manager's daily schedule look like?
As a property manager, your daily tasks can include communicating with tenants, handling rental payments and arranging for maintenance to be done. You may also occasionally work with real estate agents when one or more properties are in the market or available to rent.
What is the career outlook for a property manager?
According to the U.S. Bureau of Labor Statistics, the demand for property managers should grow by 7% between 2018 and 2028. Senior property managers earn on average around 65% more compared to real estate or community association managers.