Residential Property Manager Job Description

| January 2, 2008 More

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.

Financial 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.

Category: Tenants

Comments are closed.

Find a Property Manager