Wednesday, April 29, 2009

What are the Qualities of Good Property Manager

Property managers have a lot on their minds. There are board meetings to attend, legal issues to wade through, phone calls to return, emails to answer and a constant parade of maintenance issues to contend with at any given time.

A property manager should know how to listen and communicate effectively. They are your representative when dealing or negotiating with the clients. Professionalism is another thing to look for a property manager. They handle their schedules efficiently solely for the purpose of the tenants and property. A good property manager knows how to advertise. In order for people to know that the place that they manage does exist, they should put the place on the map, so to speak.

A good property manager should have good communication with the owner. This would ensure that the owner gets what he wants and the property generates the income that they both need.

Essential qualities of property manager:

  • Strong leadership ability

  • Ability to develop people

  • Excellent communication skills

  • Good interpersonal skills

  • Problem solving skills Time management skills

The property manager establishes ongoing communication with the customer to keep the customer informed and to determine whether there are any changes in expectations.

Responsibilities of Property manager:

  • Property manager clearly defines the property objective and then reaches an agreement with the customer on this objective.

  • Property manager should be a good organizer. Property manager should decide which task should be done in the house and which the consultants should do.

  • To control the property, the property manager implements a property management information system designed to rack the actual process and compare with the planned progress.