About Property Managers

The tasks of property managers depend on the specific situation and type of real estate being managed. Residential property managers serve as mediators between tenants and landlords. They also coordinate maintenance repairs. Commercial property managers coordinate lease agreements between landlords and businesses.  

Overview

Property managers work for property owners who need help managing their residential or commercial properties. The tasks of a property manager vary depending on the particular situation. Generally, property managers work closely with landlords, tenants, on-site managers and maintenance workers.   

Residential Property

Residential property managers typically oversee maintenance and rental matters. When repairs are needed, managers contact repair companies to fix appliances or any structural issues. If appliances must be replaced, the manager might be tasked with calling around to find the best price. 

Finding and screening tenants is also a common job for property managers. This involves placing an ad in the newspaper or posting "For Rent" signs on the building. Calling an applicant's references and running a credit check are other duties of managers. Collecting rent, following up on late rental payments and informing the landlord of the need for eviction proceedings are other responsibilities. 

Commercial Real Estate

Managing commercial properties involves similar tasks. If the commercial property is rented to individual merchants, property managers present rental paperwork and discuss the terms of the lease. If the commercial property is a vacant lot, property managers make sure that the grass is cut regularly and trees do not obstruct traffic by extending into the roadway.