Property Manager

Job Description

Job Description

Manages the day-to-day operations of an assigned property including managing the team members, daily activities, and resources of the property to achieve established budgeted financial and operational goals, and ensures that the operation of the property complies with Company policies and procedures, Fair Housing, Americans with Disabilities Act, Fair Credit Reporting Act, and other laws and regulations governing multi-family housing operations. 

Essential Responsibilities: 

1. Provides input into the development of budget(s) for the property by analyzing and evaluating financial statements, 

reviewing current and projected marketing information, and accessing operational reports that establish historic and 

predict performance patterns. 

2. Meets targeted revenues by setting rent rates, ensuring rent and fees are collected and posted in a timely manner, 

making financial bank deposits, and preparing and reviewing monthly financial status reports. 

3. Approves invoices from vendors, contractors, and service providers for payment by reconciling work performed or 

products purchased, ensuring validity of certificates of insurance, coding charges to appropriate Chart of Account 

codes, and managing communication between the vendor/contractor, accounting, and the client/owner as needed. 

4. Controls expenditures by staying within the constraints of the approved budget and manages the balance and 

maintenance of the petty cash fund. 

5. Oversees the lease enforcement process by approving prospective resident applications, discounts and renewal 

leases, conducts periodic apartment inspections, follows proper notice requirements, evicts residents, and imposes 

and collects late fees and other charges as allowable and stated in the terms of the lease.

6. Gathers, analyzes, and interprets current market and economic trends that may impact the property and implements 

short- and long-range marketing and leasing strategies to achieve the property’s occupancy and revenue goals. 

7. Promotes resident satisfaction and retention by responding to complaints, questions, and requests in a timely manner, 

and taking appropriate action to resolve and address service issues. Ensures the property’s maintenance team 

members comply with the Company’s standards with respect to responding and completing resident service requests. 

8. Conducts regular property inspections and takes appropriate actions to ensure that the physical aspects of the 

property, grounds, buildings, and amenities meet established standards for safety, cleanliness, and general 

appearance and appeal. 

9. Supervises property staff by interviewing, hiring, orienting, and training employees, and manages their performance 

in accordance with Company policies, values, and business practices. 

10. Assists in managing the client/owner relationship by meeting with the owners, conducting property tours, providing 

updates and information about the property’s performance, and responding to owner requests as needed. 

11. Completes various accounting, financial, administrative, and other reports and performs other duties as assigned or as 

necessary.