Residential Property Manager Job Description, Duties, and Responsibilities
What Does a Residential Property Manager Do?
A residential property manager is a third party whose job is to manage the property of homeowners in order to increase the value of their investment.
His/her job description entails managing the day to day operations of the property, including finding and placing qualified tenants into the property and ensuring that the property is in good condition.
He/she works with property management companies where his/her role requires marketing properties, collecting rent, evicting tenants, conducting maintenance, and repairing and receiving complaints from tenants.
A typical residential property manager needs very good management skills, the technical know-how, and an educational degree (Estate Management) to function effectively and efficiently in this position.
His/her responsibilities involves supervising other employees such as the gardeners, cleaners, security personnel, repairers, and other persons working in the premises to ensure the efficient discharge of their duties.
He/she is sometimes responsible for employing and sacking of underperforming employees.
It is the duty of the property manager to ensure that each employee knows and understands the goal of the organization, and also for each of the different units to work in harmony in achieving the goal.
His/her work description also entails ensuring that the different units have the required tools or equipment needed to discharge their duties efficiently and effectively.
The manager also makes sure that employees work to the attainment of the organization’s objectives and give preference to such activities.
He/she must communicate frequently with employees, tenants, investors, and the organization to know the progress of each unit, complaints, and other issues affecting the tenants; to update the investor and the organization on the general progress report of the objective and to know if there are any changes to the organization’s objective.
Residential Property Manager Job Description Example/Sample/Template
A residential property manager is normally involved in various activities to ensure that projects or assignments under their supervision are discharged effectively and on time too.
These activities are usually carried out by placing a priority on the organization’s objectives.
The sample job description below gives an example of the kind of duties, responsibilities, tasks, and functions that are usually required of individuals who work as managers in charge of residential properties in a real estate management company and/or industry:
- Set the current rent, collect the rent, and adjust the amount paid as rent
- Manage tenants by finding, screening, receiving complaints, evicting tenants, and handling move outs
- Responsible for maintenance and repairs of the property in order to properly manage the structural integrity of the property
- Apply knowledge of the prevailing landlord-tenant laws applicable statewide and nationally
- Responsible for supervising employees and contractors working on the property
- He or she must be able to maintain proper records and manage the budget.
- Responsible for filing taxes for the property.
Requirements – Skills, Abilities, and Knowledge – for the role of a Residential Property Manager
If you are seeking to work in a real estate management company as a residential property manager, you should be prepared to meet certain requirements commonly set by employers for them to get the best persons for the role.
Given below are typical skills, qualities, experience, knowledge, etc. that most employers will expect you to have to be considered for an interview for the residential property manager job:
- Must possess the ability to communicate fluently in both spoken and written English
- Must have excellent interpersonal skills and must be a good mediator
- Must possess good managerial and organizational skills
- Must have a degree in Real Estate Management or any other related field of study
- Must have good leadership skills
- Must be a good decision maker and must be able to prioritize tasks effectively
- Must possess relevant work experience in a similar role
- Must have good knowledge of the various property tax laws in the state
- Must have good knowledge of budget management and record keeping
- Must be proficient in using Microsoft Office applications
- Must be able to discharge his or her duties with little or no supervision.
If you are an employer needing to hire for the position of residential property manager, you will need to make and publish a good job description to attract the best candidates to your offer.
You can apply both the information and sample job description provided in this post to easily and quickly create an effective residential property manager job description for your company when recruiting for this position.
You will also find this article beneficial in learning about what residential property managers do if you are seeking to work in that role in the estate management industry. That makes you able to prepare well for the job and career.
Did this post improve your knowledge of the duties and responsibilities of managers in charge of residential properties? Please, leave your comment in the box below. And if you work in this role, you can also share your job description or work experience.