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RESPONSIBILITIES |
BPartner is the owner's
partner in maximising the return on investment of the
property through efficient performance of these four
functional areas of responsibility.The Property Manager acts
in the the best interests of the owner to maintain the
property, keep it occupied with tenants, collect rents,
budget improvements and maintain records. |
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MARKETING & FINANCIAL |
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Understanding of operating expenses and budgeting |
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- Setting appropriate rental rates
and balanced by current market |
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- Firm knowledge of the area and
competitive rental properties |
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- Recommending marketing programs,
special promotions and other advertising strategies |
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to the owner in order
to maximise occupancy and rental rates |
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- Understanding financial statements, profit
& loss, income taxes and budgeting |
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TENANT & OCCUPANCY |
- Understanding the needs of the
tenants |
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- Getting tenants to move in and
then respond to their requests, monitor their activities |
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regards the lease
requirements |
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- Collecting
rent in a timely manner, and continually assess the tenants'
satisfaction |
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as regards the property's amenities versus
those of competing rental propertis in the area |
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- The unwelcome task of eviction for
violations or non-payment |
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FACILITY MANAGEMENT |
- Physical managment of the structures (electrical,
plumbing, appliance, and much more) |
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- Maintain
relaitonships with contractors and repair companies, budget
capital expenditures |
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and
monitor the quality of all repairs and maintenance |
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- It ties with tenant
and occupancy management because it is important to tenant |
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retention to have well-maintained properties |
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ADMINISTRATION
&
RISK MANAGEMENT |
- Meticulous records for accounting and taxes |
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- For reasons of liability, all activities and tenant interaction
must be recorded and maintained |
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- Handling of funds paid by tenants for disbursement to owners |
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