What are the responsibilities of a property manager?

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asked Jun 12 in Real Estate - Renting by debodum (300 points)
What are the responsibilities of a property manager?

1 Answer

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answered Jun 13 by Gracy (25,510 points)
The responsibilities of a property manager are to advertise and attract tenants, obtain referrals from current tenants, showing the rental units and explaining the advantages of the location where the rental units are.

Other responsibilities of a property manager are to survey the local rental rates and set and set and establish rental rates on the units they're renting as well as calculate overhead costs, taxes, depreciation and any profit.

The property manager may also be responsible for having someone get repairs done and paying for those costs from the owner of the rental unit in some areas.

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