Some property managers also collect and pay bills on behalf of tenants. You’ll need to set rental rates, collect rent and adjust it if necessary. The first of these is financial management. On a daily basis, a property manager for a property management company oversees a number of key responsibilities. To succeed in this business you’ll need to have excellent people skills, a talent for multi-tasking and the ability to handle problems before they’ve even arisen. What is a property manager?Īs a property manager, you’re the friendly face of the landlord for the tenant, and the friendly face of the tenant for the landlord – acting as a mediator for the landlord-tenant relationship, ensuring any issues are resolved promptly and being a direct point of contact. Many landlords have never met their tenants, meaning that property managers (after lettings agents have finished doing their bit) play a vital role in keeping both parties happy.
It’s common to assume that throughout the rental market up and down the country, landlords are dealing directly with their tenants – fixing leaks, repainting ceilings and tinkering around with washing machines.īut the reality is that it’s incredibly common for a third party such as Redbrick Property Management to be involved, overseeing the day-to-day running of a residence and arranging for repairs and service visits.
Thinking of getting into property management? There are more opportunities in this exciting and rewarding business than you might realise.
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