One of the most common questions that realtors have is if they can be a real estate agent and a property manager at the same time, especially in 2024, when real estate agents are busier than ever before.
Although this is an understandable question to ask, the reality is that even if you consider yourself to be a ‘super realtor’, it’s not a good idea to be both a real estate agent and property manager at the same time.
In this article, we will break down some of the tasks that a property manager does, just so that you can see that it makes more sense to hire a property manager than to try to be a realtor and property manager at the same time.
What Does A Property Manager Do?
A property manager is responsible for overseeing and managing real estate properties on behalf of property owners. Their primary goal is to ensure that the property operates smoothly and, while maximizing its financial performance.
The specific duties of a property manager can vary depending on the type and size of the property, but generally include the following:
Tenant Relations: Advertising and marketing vacant units to attract tenants.
Property Maintenance: Coordinating and overseeing regular maintenance and repairs.
Financial Management: Setting and adjusting rental rates in line with market trends.
Legal Compliance: Ensuring compliance with local, state, and federal laws related to property management and landlord-tenant relationships.
Marketing and Advertising: Developing and implementing marketing strategies to attract tenants.
Risk Management: Implementing risk management strategies to protect the property and its occupants.
Communication: Serving as a point of contact between property owners and tenants.
Hiring A Property Manager Is A Value Add To Your Business
Let’s face it, time is money, and if you want to ensure that you’re investing your time wisely, you owe it to yourself to hire a property manager because, we will free up your time so that you can focus on growing your real estate business.
To learn more about the property management services that we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online.
