Residential Property Manager Job Description

Residential Property Manager Job Description

Job Summary

Residential property managers help investment property owners and homeowners in preserving and increasing the value of their real estate investments. They manage the day-to-day financial operations of the property, including finding and placing qualified tenants, and they ensure the property is in good working order.

Principal Duties

Marketing – keeps properties occupied with qualified tenants through advertising, lead follow up, property showings for prospective tenants.

Tenant Relations – develops rental agreements, selects qualified tenants, collects deposits and rents, enforces terms of rental agreements, resolves tenant complaints, oversees eviction proceedings if necessary.

Facilities Management – schedules maintenance and repairs, negotiates contracts with vendors, regularly inspects property to ensure it is in good working order, quickly resolves emergency maintenance issues.

Property management can be unpleasant - get help from professionalsFinancial Reporting – keeps financial records from property operations, creates monthly financial reports for property owner.

Owner Relations – keeps open dialogue with property owner on vacancies, tenants, physical condition of property, financial issues.

Knowledge & Skills Needed

  • Familiar with applicable local, state, and federal laws and regulations
  • Strong interpersonal & business communication skills
  • High level of organization and attention to detail
  • Competence with office management software
  • Knowledge of financial reporting
  • Licensed Real Estate Broker (in most states)

Salary Range

$35,000 – $65,000 depending on experience and location.

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