Property Manager Job Description: Top Duties and Qualifications

A Property Manager, or an Estate Manager, is an individual who manages the running of a real estate property, either by the owner of the property, or its investors. Their duties include collecting rent on behalf of the owner, making payments such as taxes and other expenditures and supervising any staff hired by the real estate company.

 

Build a Job Description

Property Manager duties and responsibilities

For a Property Manager to excel at their role, they will need to perform the following duties and responsibilities:

  • Setting and collecting rent and other fees from tenants
  • Carrying out property valuations
  • Managing the property’s finances, by keeping accurate records and paying all taxes and levies as necessary
  • Hiring and supervising any staff employed on the property
  • Maintaining the property and ensuring regular building upkeep, addressing tenant complaints, completing repairs, and contracting landscaping and snow removal companies
  • Handling building inspections for prospective tenants or buyers
  • Managing tenant screenings and evictions
  • Enforcing occupancy rules
  • Preparing regular property-status reports for relevant stakeholders
  • Advertising units and negotiating lease terms 
  • Coordinating maintenance schedule with the Maintenance Coordinator

 

Property Manager Job Description Examples:

 

What does a Property Manager do?

A Property Manager oversees the daily operations of a real estate property, ensuring the property is run smoothly and efficiently, and making sure that that the needs of the property owners’ are met. Property Managers may manage a single unit or a group of apartments, houses or buildings in different locations or an estate. They take on a variety of tasks from finding new tenants or buyers to holding property inspections to performing administrative tasks.

Property Managers may also handle undeveloped parcels of land. Commercial Property Managers for example only manage industrial and office buildings, while Residential Property Managers deal with residential buildings. Acquisition Managers deal solely with the sale/purchase of property.

Property Manager skills and qualifications

A successful Property Manager will have the following prerequisite skills and qualifications:

  • Excellent knowledge of the property and real estate market
  • Strong negotiation skills
  • Great management and organisational skills
  • Bachelor’s Degree in Property Management
  • Working knowledge of word-processing tools and other relevant computer software, including Microsoft Office
  • Working knowledge of financial principles
  • Excellent communication skills
  • Ability to work well in a team
  • Ability to work with minimal supervision 

 

Property Manager experience requirements

A Property Manager should have one to two years of experience in the field or in a similar capacity. They need proven experience in dealing with a property’s tenants, handling their inquiries and addressing their complaints. Property Managers should have experience with property valuation, setting rents and paying all government levies. 

A Property Manager with multiple years experience can become a Senior Property Manager. Senior Property Managers deal with the business side of things, including ensuring that the property maximises its profits and maintaining vendor relationships.

 

Property Manager education and training requirements

Typically, a tertiary education is not required for prospective Property Managers. However, it’s good to have a university degree in Real Estate Management or Property Management. Without these degrees, they may enroll in a conversion course with the Institute of Facilities Management or the Royal Institute of Chartered Surveyors.  Other possible training requirements include short courses run by estate agencies, housing associations and property consultancies.

 

Property Manager salary expectations

According to Indeed Salaries, the average salary for a Property Manager in the United Kingdom is £27,598 per year. This figure could be higher or lower based on the city or town in which the job is located. Salary expectations also differ based on the company, years of experience and the value of the assets to be managed.

 

Job description samples for similar positions

If a Property Manager is not quite the role you’re interested in, but you’re looking for something similar, here are some other job description samples for you to consider: 

 

Property Manager job description FAQs

 

What should I look for in a Property Manager resume?

You should look out for great organisational skills, financial competency and knowledge of the locality in a Property Manager’s resume. You should also check the kind of property they are experienced at managing, their turnover rate and screening process. Another good thing to look out for is their ability to be available and responsive to tenants.

 

What is the difference between a Property Manager and a Facility Manager?

While both individuals manage the building, the Facility Manager represents the tenant’s interest, not the building owner’s interest. Unlike Property Managers, Facility Managers are concerned with the building’s infrastructure and amenities. Facility Managers will work in a building regardless of whether it is being rented or owned by the organisation or individuals occupying it.

 

What are the different types of Property Managers?

Types of Property Managers include Commercial Property Managers, who manage commercial buildings such as office buildings, malls, warehouses and other industrial buildings. There are also Asset Managers, who manage the property and deal with the financial aspect of things. They may value the property, prepare it for sale and look for potential buyers.

Job Description Examples

No search results found

    *Indeed provides this information as a courtesy to users of this site. Please note that we are not your career or legal advisor, and none of the information provided herein guarantees a job offer.