What Do Property Managers Do?

Property managers are just glorified rent collectors, right?

This is a very common misconception that most people have about property managers, and that’s probably due to the poor reputation that property managers have in the real estate market. Lack of communication, slow response time and poor management practices are known qualities of most property management companies.

Good property managers, however, do a lot more than collect rent and take forever to return your phone calls.

Some services that all fall under property management are:

  • Rent Collection
  • Tenant Relations
  • Property Marketing
  • Applicant Screening
  • Accounting and Reporting
  • Ongoing Inspections
  • Maintenance Coordination
  • Tenant Turnover and Evictions

What Really Makes a Good Property Manager

Good property managers do so much more than just what’s listed here. A good property manager is ultimately responsible for a specific outcome for the property owner.

Discover Your Property's Earning Potential

Property managers are licensed real estate professionals that perform all of these tasks while ensuring compliance with real estate laws. Many can give investment advice to owners looking to expand their portfolio and since they are licensed, they can act as the seller’s agent in any real estate transaction.

Let’s dive a little bit deeper into the exact process that Karma Property Management uses to manage each and every one of our rental homes.