What is a Property Managers’ Responsibility?

property manager responsibility
For Property Investors
Answering Landlords Demands

Rental property owner or investor?

Property Manager

A property manager is a third party who is hired to handle the daily operations and upkeep of a real estate investment. They manage all kinds of properties, from homes to apartments.

  • Responsibility for Rent
  • Collecting rent
  • Adjusting Rent
  • Finding Tenants
  • Finding the Proper Tenant
  • Screening Tenants
  • Handling Complaints/Emergencies
  • Handling Move Outs
  • Dealing with Evictions
  • Responsible for Maintenance and Repairs

Consider This Before Renting Out Your Property

  • Good Tenants Don’t Come Easily
  • Difficult Tenants
  • What to Include in your Lease
  • Cost of Maintenance Work

Tips for Landlords

  • Screen tenants
  • Handle security deposits properly
  • Get it in writing
  • Provide secure premises
  • Make repairs
  • Provide notice before entering
  • Oversee managers
  • Disclose environmental hazards
  • Resolve disputes
  • Obtain insurance
How to Maximize Tenant Retention
  • Respond to maintenance requests in a timely manner
  • Continue to rent the property below market value
  • Stay in touch with your tenant throughout the year
  • Give your new tenant a welcome packet

If you would like assistance in keeping the best possible tenant(s) in your property, please consider hiring Krown Property Management. We are the premier property management company in St. John's NL and will provide you with the peace of mind knowing that your investment will be taken care of.