What is the role of a property manager?

The role of a property manager is fundamentally about managing and overseeing the operation of a property. This includes a broad range of responsibilities such as collecting rent, handling tenant issues, maintaining the property, ensuring compliance with local laws and regulations, and implementing budgets. Property managers act as the bridge between the owner of the property and the tenants, ensuring that the property is well-maintained and that the needs of both parties are met.

This professional is skilled in various areas such as financial management, marketing, and tenant relations, thereby ensuring the optimal performance of a rental property. Unlike tasks like verifying ownership or conducting appraisals that are specific to other fields within real estate, the property manager's role is comprehensive and focuses on the day-to-day operations of a real estate investment.