What Does a Property Manager do?
A property manager is a third party hired by homeowners to manage a property (or properties) on their behalf. Property managers can be hired to take care of the day to day issues that come with property rentals or simply to ensure that your second home is in perfect condition each and every time you want to visit. They can deal with just one property or even a full apartment complex. They can have a range of responsibilities depending on their salary and contract including. If you are considering hiring a property manager, take a look at some of the ways they could help you: Responsible for Rent A property manager can be responsible for setting the initial rate of your property’s rent, adjusting the rent when needed and even collecting the rent and enforcing late fees when necessary. Setting Rent – A good property manager will be able to set your rent at a level that is both competitive and profitable by assessing your property in relation to others in its area (and the …