What does a Property Manager do?

According to people in this career, the main tasks are...

TaskImportance
Prepare detailed budgets and financial reports for properties.
92%
Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
91%
Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
89%
Review rents to ensure that they are in line with rental markets.
89%
Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
88%
Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
88%
Direct and coordinate the activities of staff and contract personnel and evaluate their performance.
88%
Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.
86%
Market vacant space to prospective tenants through leasing agents, advertising, or other methods.
84%
Clean common areas, change light bulbs, and make minor property repairs.
81%
Investigate complaints, disturbances, and violations and resolve problems, following management rules and regulations.
81%
Act as liaisons between on-site managers or tenants and owners.
81%
Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.
80%
Confer regularly with community association members to ensure their needs are being met.
80%
Determine and certify the eligibility of prospective tenants, following government regulations.
80%
Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.
77%
Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.
77%
Solicit and analyze bids from contractors for repairs, renovations, and maintenance.
77%
Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.
76%
Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.
75%
Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.
75%
Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.
72%
Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.
71%
Contract with architectural firms to draw up detailed plans for new structures.
70%
Negotiate short- and long-term loans to finance construction and ownership of structures.
65%
Purchase building and maintenance supplies, equipment, or furniture.
64%
Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.
60%