Friday, August 17, 2018

Wearing Many Hats: The Duties of a Property Manager




As the property manager for Gramatan Management of New Rochelle, New York, Ana Docoito-Nelson handles a wide range of responsibilities. Ana Docoito-Nelson’s competencies include interpersonal communication and business administration.

The job description of a property manager is multi-faceted - rent collection is only the beginning. Property managers also study the rental market and analyze laws and regulations concerning security deposits, leases, and evictions. Additionally, they advertise for and screen tenants and handle complaints.

To attract tenants, maintenance issues must be attended to, especially leaks and insects. Property managers should have a large network of landscapers, plumbers, electricians, and other service persons. Vacant properties require extra attention.

They often supervise staff, such as security officers and concierges. Hiring, firing, and determining pay is also part of their duties. Good record-keeping is essential, including documents for inspections, service calls, complaints, and insurance. This paperwork also involves keeping an accurate and realistic budget. Finally, many property handle various taxes and report on expenses and income to the building’s investors.