Property Manager job description
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What does a Property Manager do?
The Property Manager is responsible for the efficient operation and profitability of residential or commercial properties. This role supports the company's asset management goals by maintaining tenant satisfaction and enhancing property value through effective management practices.
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What are the Key Responsibilities of Property Manager
- Oversee daily property operations to ensure they are well maintained.
- Manage property financial activities, including budgeting and reporting.
- Ensure property complies with local, state, and federal regulations.
- Negotiate and manage service contracts with vendors and contractors.
- Resolve tenant issues and enforce occupancy policies.
- Ensure timely rent collection and handle tenant lease agreements.
- Coordinate maintenance and repairs promptly to enhance property value.
- Market properties to achieve maximum occupancy rates.
- Regularly inspect properties and facilities to ensure best standards.
What are the Skills and Requirements for a Property Manager?
- Strong knowledge of property management principles and practices.
- Excellent communication and negotiation skills.
- Proficiency in property management software such as Yardi or MRI.
- Strong financial acumen for budgeting and accounting.
- Problem-solving skills and attention to detail.
What are the KPIs to track for Property Manager?
The Property Manager's success is evaluated through occupancy rates, tenant satisfaction scores, financial performance metrics, and compliance with legal standards.
Occupancy Rate
Maintain high occupancy rates through strategic leasing.
Tenant Satisfaction
Enhance tenant satisfaction and retention rates.
Financial Performance
Achieve property revenue and expense targets.
Reports to
Director of Property Management
Collaborates with
Maintenance Team, Leasing Agents
Leads
Assistant Property Managers
Are any specific tools or software required for the Property Manager role?
- Yardi
- MRI Software
- AppFolio
What is the qualification of Property Manager?
Bachelor's degree in Real Estate, Business Administration, or related field; 3-5 years of experience in property management.
