What Does a Property Manager Do? What to Know About Hiring a Rental Property Manager

If you’ve recently decided to list your home for rent rather than sell it, you’re likely juggling a lot of tasks. From finding tenants and determining a rental rate to writing a lease agreement and learning about your responsibilities, there’s plenty to manage on a day-to-day basis. So, you may be wondering whether to hire a property manager and what exactly they do for you. In this Redfin article, we’ll answer the question – what does a property manager do? Before hiring a property manager for your home in Los Angeles or condo in Miami, read on to find out the pros and cons of investing in a rental property manager. What is a property manager? A property manager is a person or group of people who manage and oversee the daily responsibilities of a rental property. The responsibilities of a property manager include: Screening applications and potential tenants Marketing the property Writing, signing, and renewing leases Determining rent prices Collecting rent Maintaining the property and arranging repairs Determining budgets for ongoing maintenance costs Handling finances and taxes What does a property manager do? In addition to the above list, property managers or management compan...