A Property Manager oversees the day-to-day operations of residential, commercial, or industrial properties, ensuring they are well-maintained, occupied, and profitable. This role is crucial for maximizing property value, maintaining tenant satisfaction, and ensuring compliance with legal and safety standards.
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What is a Property Manager?
A Property Manager is a professional responsible for managing real estate properties on behalf of owners. They handle everything from tenant relations and lease agreements to property maintenance and financial oversight. Their expertise ensures that properties operate smoothly, remain compliant with regulations, and generate optimal returns for owners.
What does a Property Manager do?
Property Managers perform a wide range of duties to keep properties in top condition. They market vacant units, screen and place tenants, collect rent, and handle lease renewals or terminations. They also coordinate maintenance and repairs, manage budgets, and ensure properties comply with local, state, and federal laws. Additionally, they address tenant complaints, negotiate with vendors, and provide regular reports to property owners on financial performance and occupancy status.
Job Overview
A Property Manager is responsible for overseeing the daily operations of residential or commercial properties, ensuring optimal occupancy rates, maintaining property conditions, and maximizing property value. This role involves tenant relations, lease administration, financial management, and vendor coordination to ensure properties operate efficiently and profitably.
Property Manager responsibilities include:
1. Conduct property inspections and coordinate maintenance/repair work
2. Manage tenant relations including lease enforcement and conflict resolution
3. Market vacant units and execute leasing strategies to maintain 95%+ occupancy
4. Collect rent payments and manage accounts receivable/payable
5. Prepare and manage annual operating budgets with variance reporting
6. Ensure compliance with local/state housing regulations and fair housing laws
7. Supervise on-site staff and coordinate with third-party vendors/contractors
8. Implement rent increases and lease renewals based on market analysis
9. Maintain accurate property records using property management software
10. Handle emergency maintenance situations and after-hours tenant calls
1. 3+ years property management experience with portfolio of 100+ units
2. Valid real estate license (per state requirements)
3. Proven track record of maintaining 90%+ occupancy rates
4. Experience with property management software (Yardi, AppFolio, or Buildium)
5. Thorough knowledge of landlord-tenant law and fair housing regulations
6. Budget management experience with $500K+ annual operating budgets
7. Strong financial acumen with rent collection and accounts management
8. Excellent communication and conflict resolution skills
9. Ability to handle multiple properties and prioritize emergencies
10. Valid driver's license and reliable transportation
Preferred Qualifications
1. CAM (Certified Apartment Manager) or CPM (Certified Property Manager) designation
2. Experience with commercial property management or mixed-use properties
3. Bachelor's degree in Business Administration, Real Estate, or related field
4. Experience managing staff of 3+ employees
5. Knowledge of local market trends and competitive properties
6. Experience with property renovations or capital improvement projects
7. Bilingual skills (Spanish preferred in many markets)
8. Experience with affordable housing programs and compliance
9. Strong vendor network in local market
10. Experience with energy efficiency and sustainability initiatives
Bonus Skills
1. Experience with property tax appeals and assessment reductions
2. LEED certification or green building management experience
3. Expertise in luxury property management and high-net-worth client service
4. Proficiency in advanced property analytics and reporting tools
5. Experience with property acquisitions and due diligence processes
6. Knowledge of construction management and major renovation projects
7. Strong social media marketing skills for property promotion
8. Experience implementing smart home technology systems
9. Certified in emergency preparedness and disaster response
10. Network of contacts with local real estate brokers and agencies
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