Property Managers are responsible for the maintenance and management of a physical building for Residential or Commercial properties. Sometimes required tasks vary depending on the property type, but the overall position requirements are similar.
Not anyone can be a property manager. Most employers require education or backgrounds in architecture, business, or property management. Individuals with these types of backgrounds are able to review detailed drawings, work with contractors, and make good decisions regarding what is best for your property. Additionally, communication is a very important factor! Proper communication allows coordination of work to be done efficiently so that resources are not wasted and the property owner is kept in the loop.
Residential property managers have a combination of business and property-related responsibilities. Usually they are responsible for tenant applications, collecting rent, and managing the building budget. The property-related responsibilities include resolving emergency calls, scheduling maintenance, inspecting the property, and managing renovations and other large-scale projects. This role often requires on-call hours to respond to emergencies.
Commercial property managers tend to have a specific budget and staff that they are responsible for managing. The primary tasks of this job usually focus on preventive maintenance, renovations, and scheduled property maintenance. The standard of service expected in a commercial building is typically higher than in a residential one.
Commercial properties can range from office towers to sprawling retreats in the country. Each type of property requires ongoing maintenance and management to ensure that it is running properly. The effects of time, weather and people mean that property management will always be a necessary function.
Historical buildings often have a property manager who is responsible for restoration and maintenance. In this role, the person needs a background in architecture to ensures that the appropriate combination of modern and traditional techniques is used to maintain the property.
All in all, property managers allow for the building owner to have peace of mind and not have to deal with all of the day to day work items associated with owning a property. Additionally property managers are the first line of defense in preventing emergencies that can happen with a property as well as helping to manage fixing emergency situations as the arise.