Understanding The Role of A Property Manager
Updated: Jan 10
A property manager acts as a third party who is hired by a landlord or property investor to manage the day-to-day operations at a rental or HOA property. Their exact responsibilities vary depending on the type of property, the terms of the contract, and the types of services that particular Property Management company provides. Understanding what a property manager does and what services they can offer you will help to increase the likeliness that all
parties involved are happy.
What a Property Manager does for Owners-
A property manager acts as a mediator between the Owner and their tenants. This prevents tenants from needing to address you every time any issues/needs arise that you may potentially be unable to solve on your own. The property manager handles the rent collecting, property maintenance, managing budgets and keeping track of important records. Many times the owner of an investment property does not live at the property and most likely has a full-time career as well, making it more difficult to handle these tasks and hiring a property manager can help to alleviate the more stressful situations. You’ll be able to have more peace of mind knowing that there is someone else helping take care of your property.
What a Property Manager does for Tenants-
As a Tenant, your property manager is your go-to point of contact for any issues you have with your lease or rental property. Your Property Manager's main responsibility is to maintain your property, address any noise complaints/violations and any other emergent situations you may have. It is also very helpful to keep in mind that your property manager has strict budgets and requirements given to them from the property owner therefore they may not always be able to give you everything you are looking for. Understanding what a Property Manager is and what they can do for you will make your relationship with your Property Management Company stronger and more beneficial for all parties. Property managers have a tough job, but they also have thick skin and know how to handle these situations in the best way possible. If you have a property and are in need of a Property Manager, consider us here at Bundled Management Solutions and get your Free Property Analysis and Rent Estimate with us! We handle everything, you just sit back and relax.