What Are the Duties of a Property Manager in Real Estate?

Having a rental property is a great investment, but the day-to-day aspect of it can quickly become stressful. From late-night maintenance calls to chasing down rent payments, it can easily become a second full-time job. This is where we come in.
At First Class Property Solutions, we are the link between you and your tenant. This means we handle all of the stressful day-to-day work so you can focus on the larger aspect of your overall investment strategy. What does a property manager do? Knowing the intricacies will help you to understand whether it is necessary to hire a professional management team!
Main Responsibilities
Rental Management
The biggest task that we have to undertake is finding suitable individuals to occupy your property. We take care of the whole process of screening potential tenants for you. This includes conducting a background search, employment verification, and credit checks.
After identifying a suitable tenant for your property, we take care of the process of signing a lease agreement to ensure that all conditions are set out in a contractual manner. Our services don’t end there. Property manager responsibilities are significant: we are your point of contact for any tenant complaints.
Property Maintenance
Taking good care of your property is critical to maintaining its value and ensuring tenant satisfaction. We perform routine property inspections to identify minor problems before they become major repair jobs. When issues arise, we work with trusted vendors to get the problem resolved quickly and effectively. You will not have to spend time screening plumbers and electricians because we have a network of trusted contacts to call on when needed.
Financial Supervision
A steady flow of funds is the key to any rental property investment. As your property manager, we will handle rent collection for you, making sure that payments are made on time and pursuing payments immediately if they are late. Beyond collecting funds for you, we will also help with budgeting and financial reporting. With our service, you will receive regular reports detailing your income and expenditures, making tax time much easier for you.
Other Responsibilities
Legal Compliance
Dealing with the intricate system of landlord and tenant laws at the local, state, and federal levels can be daunting for property owners. One wrong move can mean expensive lawsuits. We are aware of all the rules and regulations, such as fair housing and eviction, to make sure your property is in compliance. We take care of all the paperwork and legal notifications.
Marketing & Advertising
Open positions are expensive; thus, finding new tenants quickly is one of our main goals. We employ a variety of marketing tools in order to get you quality tenants. This involves advertising your property on top rental sites, taking quality photos of your property, and conducting open houses. We understand how best to market your rental property.
Why Professional Management Is Important
With our property management at First Class Property Solutions, you can convert a troublesome rental income-generating asset into a passive income-generating asset. We will take care of the tenants, the toilets, and the turmoil, leaving you to relax. We will take care of the above tasks, leaving you with the peace of mind of knowing that the management of the property is in the right hands. We believe the best decision you will ever make is to work with our management team.
Prospective Yukon, Oklahoma, property management clients often ask, "What are the duties of a property manager?" In short, the duties of a property manager include a wide range of services designed to protect your investment and maximize returns!





