What does a Property Manager do?

A property manager is an agent of the owner and works on the owner’s behalf and in the owner’s best interest. The property manager will:

• Maintain the property

• Administer leases

• Arrange for repairs

• Prepare budgets

• Collect rent

• Pay expenses

• Keep the books (accounting)

• Distribute funds to owners

• Communicate with tenants and address all tenant issues

• Advertise / market vacancies

• Negotiate leases

• Assure that the property adheres to applicable laws and regulations including:

  • Federal & state Fair Housing laws

  • Americans with Disabilities Act

  • Local Zoning ordinances

  • Building Codes

  • Landlord / Tenant laws

  • CC&Rs

• Maintain records of leases and repairs

• Initiate the eviction process if necessary (A property manager cannot represent the owner in court but provides all documentation and records to the attorney)

And a myriad of other duties determined on a property by property basis or as contracted with the owner.

It is important to be mindful that the property manager is a general agent of the owner and can bind the owner to contracts for goods and services for the property or the management of the property. The owner must have complete confidence in the honesty and dependability of the manager.

At Nicholson & Associates, LLC we have the experience, expertise and integrity owners trust to provide the best long term results and profitability.