As Property Manager in overseeing the Rental portfolio you typically has a variety of duties and responsibilities. Here's a comprehensive overview:
Key Responsibilities:
- Tenant Management:
- Screening and selecting prospective tenants.
- Managing lease agreements, renewals, and terminations.
- Addressing tenant inquiries, complaints, and disputes.
- Coordinating move-ins and move-outs.
- Rent Collection and Financial Management:
- Setting and adjusting rental rates.
- Collecting rent and other property fees.
- Maintaining financial records, including rent collection, operating expenses, and tax payments.
- Preparing financial reports for property owners.
- Property Maintenance:
- Scheduling and overseeing routine maintenance and repairs.
- Conducting regular property inspections.
- Managing contracts for services like landscaping, trash removal, and security.
- Compliance and Legal:
- Ensuring properties adhere to local and federal regulations.
- Handling rental violations and property complaints.
- Keeping up-to-date with property laws and regulations.
- Marketing and Leasing:
- Advertising vacant properties.
- Showing properties to potential tenants.
- Assessing tenant applications in accordance with anti-discrimination laws.
Essential Skills:
- Communication: Strong verbal and written communication skills to interact effectively with tenants and service providers.
- Organization: Ability to manage multiple properties and tasks efficiently.
- Problem-Solving: Quick and effective resolution of tenant issues and property maintenance problems.
- Financial Acumen: Proficiency in managing budgets, financial records, and rent collection.
Qualifications:
- Education: RECA Licensed is required \& A degree in real estate, business administration, or a related field is often preferred.
- Experience: Previous experience in property management or a related field.
- Certifications: Certifications like RMP (Residential Management Professional) or MPM (Master Property Manager) can be beneficial