Key property manager responsibilities
A property manager is hired to oversee the daily operations of a real estate investment for a landlord with the following key responsibilities:
Compliance
Keep abreast of all obligations and responsibilities for both the landlord and tenant so the property continues to meet legislative and compliance requirements e.g. smoke alarms.
Rent
Oversee the collection of rent from the tenant and provide guidance on the set rent price and adjust it accordingly throughout the duration of the management.
Property Maintenance
Make sure that the property is in a good condition and fit for the tenant to live in, including taking hundreds of photos to record the initial condition of the property.
Inspect the property regularly to check the tenants are looking after the property.
Monitoring & arranging maintenance items which can include:
- Drains & gutters are clear
- Routine repairs
- Emergency repairs
- Smoke alarms
- Appliance servicing
- Pest and termite inspections
Tenants
To find, screen and manage tenants for the landlord and be the main point of contact for the tenant to manage incidents like emergencies, complaints, evictions, lease negotiations, move outs.
Property Expenses & Paperwork
Arrange payment of property bills as requested and to keep a detailed record of all property related matters including accurate lists of inspections, repair & maintenance costs, rent collection, insurance costs and lease agreements.
If you have an investment property or planning on purchasing one consider outsourcing Property Management, to give yourself more time for the things you enjoy.
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John Hehir
