Who is Property Manager? What is the Job role of a Property Manager?

Property manager term is used for a person who manages the property like day-to-day activities, leasing, handling the tenants, managing and maintaining the property.

Different works for which property managers are responsible are as follows:-

• Determining the rental price:- The rental price for your property should not be too high or too low, If the rent is too high then most people will not be attracted to the property and if it is too low people will be attracted but It will not be a good option for you. It should be both profitable and affordable for the owner as well as the tenant. Property managers help in determining the perfect rental price by seeing the recent market trends.
• Taking care of Vacant properties:- There are many properties that remain vacant after the tenants have left, no owner wants that his/ her place is vacant or in bad condition. The property managers have the responsibility of taking care of the property by managing the work of cleaning, repairing, maintaining, and bringing in new tenants so that the property does not remain vacant. Since they are professionals they very well know what type of property will attract people.
• Marketing of properties:- If you have a property that is vacant for a long time you will have to adapt and change the marketing policies. This can become difficult for you to manage marketing with real estate. The property manager will have the responsibility for marketing the property in different ways, since they are experienced they know what is effective and ineffective for the people.
• Searching for ideal Tenants:- If a property is vacant it will cost you a lot, you have to see tenants that are honest, trustworthy, and reliable. Sometimes tenants damage your property which can be a great loss for your property and if they are frauds or in any cases criminals it will be the worst situation one can imagine. A property manager has knowledge about screening tenants properly and ensuring that they are genuine and reliable. This screening includes background test, employment, rental history etc. These managers have knowledge about the law when testing the tenants so they don’t invade privacy.
• Preparing lease agreement :-  A lease is an agreement that has all the information about monthly rate, late rent fee, security deposit, and other rental agreements. You should take professional help when it comes to preparing a lease for the property. A property manager works on preparing the lease and also guides and takes forward any legal formalities such as deposit fees.
• Working with tenants:- Tenants will always feel assured if they have trust that their queries and problems will be taken care of. Since property manager has experience they very well coordinate with tenants on these small issues like problems in the property, some requirements, legal issues etc. Some times this becomes as a owner to look into all of these in this case you can give this responsibility to the managers and they will do it effectively.

CONCLUSION:- 

Property managers are experienced and have knowledge in managing a property when it becomes difficult for the owner. Property managers are a good investment and are as important as an accountant or a lawyer. Once you have a property manager you can relax because they will take care of all the work related to your property.