A building manager is in charge of managing, operating, and maintaining the building or group of buildings under their supervision. Builder manager responsibilities vary by building, but can include everything from collecting rent payments from tenants to responding to maintenance requests.
A residential property may be managed by a building manager. It’s usually an apartment building or complex in this case. The manager should be in charge of identifying maintenance issues in the complex’s common areas before they become problems. In addition, the building manager oversees the property’s maintenance team, which assigns maintenance and repair requests received from tenants to the appropriate maintenance personnel or contractors.
A building manager is usually in charge of commercial properties. Businesses and organizations, rather than individuals or families, are the tenants in these cases. In these situations, the building manager’s responsibilities are similar to those in residential settings; the main difference is the type of clients with whom he or she is dealing.
A building manager’s other responsibilities include managing and supervising the property’s employees. This includes everything from determining the types of on-site employees that must be hired, whether part-time or full-time. It also entails determining which types of work can be contracted out rather than hiring employees to manage the building on the payroll. For example, the property manager may have a full-time handyman on staff and available on call. If the issue is with the plumbing, the building manager may choose to hire a plumber rather than having a full-time plumber on staff.
Another important role played by a building manager is the recording, management, and storage of accurate records. The manager must be aware of which units are occupied and which are unoccupied. In order to fill vacant properties with occupants, a building’s manager must market and promote them. In addition, the manager is responsible for keeping track of rent payments and overseeing the collection process if payments are late or tenants must be evicted.
Finally, a building manager must conduct research and analysis on the rental market for the type of property they are in charge of. This allows the building manager to assess current rental rates and determine whether they need to be adjusted in light of current rental market conditions.