Duties of a Property Manager

Subject: Duties of A Property Manager

>, are you pressed for time? Is dealing with the responsibilities of managing your rental property more than you can handle? Hire a property manager and save yourself the effort.

Good property management equals the success of your rental, so make sure you get someone who's qualified. You can opt to use the services of a property management company in your area, or hire a licensed real estate broker to do the job.

A property manager acts a liaison between you and your tenants in collecting the rent, responding to repairs and maintenance issues, and even handling litigation with tenants, contractors and insurance agencies on your behalf.

The property manager advertises vacancies, conducts credit and background checks on prospective tenants, enforces the terms of the lease agreement and terminates the same as needed. Keeping abreast of the current tenant-landlord laws and practices is a must.

As your comptroller, the property manager keeps the records of income and expenditures up-to-date, and submits regular reports to you, as well.

To get an in-depth view of what a property manager does, take a look at this: http://www.youtube.com/watch?v=rriqb749Hmg