The basic business operations of an apartment property are the responsibility of an apartment property manager. In some cases, the individual may be required to live on site and may be eligible for free or reduced housing as part of the compensation package. The primary responsibilities of an apartment property manager include collecting rents, troubleshooting minor issues, overseeing daily maintenance, assisting with showings, and drafting leases. Depending on the size of the apartment complex, the manager may be in charge of several people.
The apartment property manager is usually in charge of all leasing agents and maintenance workers. Maintenance may be performed the manager himself or contracted out to another service provider in some cases. Cleaning and landscaping are examples of such services. In either case, the apartment property manager will be in charge of ensuring that the work is completed correctly and on time.
Apartment property managers, like any other commercial property manager, may be responsible for a variety of issues. The manager will most likely be the first to know if there are any maintenance issues with a unit. It is frequently up to the manager to determine whether the problem can be solved a property employee or if an outside expert is required. The property manager must determine the severity of the problem and whether the solution is cost-effective.
In most cases, the apartment property manager is also responsible for resolving any other issues or tenant complaints. Aside from maintenance and mechanical issues, tenants may encounter issues with other tenants, parking, or crime on the premises. The manager will frequently listen to the complaints and assist in the development of solutions to the problem.
If the apartment property manager is in charge of signing leases, he or she will almost certainly need some marketing experience. The manager will be responsible for showing potential residents around the property, providing pricing and options, and ensuring that all legal documents are in order. In most cases, the apartment property manager will have access to a checklist as well as a predetermined lease agreement.
When a tenant misses a rent payment, it is the apartment property manager’s responsibility to pursue collection as soon as possible. Depending on the situation, the manager may decide to work out a repayment plan or take a tougher stance. If necessary, the manager may have to start eviction proceedings against tenants who never pay their rent.