A person who is charged with the operation of a property related to the real state for a specific fee is known as property managers. These people are hired when the owner of that particular property does not have the time to look after the minute details or does not have the interest in performing the task. The property owners are also known as estate managers. The property that has been assigned to the estate manager can be one which is owned by an individual. It can also be owned in terms of sectional titles or a company in the form of share blocks. The property can also be a residentially registered property, any kind of commercial office, can be for industrial usage or retail usage.
Responsibility of the Property Managers:
There are several duties that are assigned to the estate or a property manager. These duties can be listed in the following form:
* Finding several tenants.
* Dealing with them
* Eviction of the tenants are also included
* Cleaning works
* Maintenance of garden
* Improvement of Home.
* Removal of snow.
* Landscaping.
All these jobs have to be performed by the property manager according to the orders of the owners of the properties. It has to be done according to the whims and fancies of the owner. All these different types of management largely require the job of collecting the rents, payment of the necessary expenses including taxes. Periodic or daily reports are also done by the property managers. Many a times the owner hands over some specific or special types of tasks and gives the chance to the estate managers so as to deal with the tenants directly.
Services Offered:
Several services have to be arranged by the property managers in order to complete the given work which is allotted to them by the property owners. All these works are done with a payment of a required amount of fee which is demanded by the managers themselves. In case of managing a vacation house or a summer house the property managers are also given the responsibility for a sharp monitoring of the security system. Following services are handled by the property managers as well.
* Storage of goods
* Shipping of commodities
* All other sub-contracting which are local in nature when the owners are residing in their property
Many a times, the commercial properties are also handled by the property managers. In case of the commercial properties the businesses are controlled by these managers along with the handling of the property. There are several jurisdictions under which a license has to be acquired by the estate manager in order to come into this profession so as to handle the commercial properties. For an estate manager, the primary responsibility includes the responsibility towards the landlord. The responsibility towards the tenant comes next. The relationship of these managers with the tenants and the landlords are highly important in order to form a bond and a level of trust among them. There are certain expectations out of it since the tenants and landlords try to reap benefits from the works of property managers.