Collecting Rent
The property manager also sets up a system for collecting rent from tenants. To ensure optimal cash flow, they set a collection date to make sure that property monthly expenses are able to be paid, and strictly enforce late fee policies.
Screening Tenants
Screening and managing tenants is another core responsibility of a property manager. The property manager may be involved in finding and screening prospective tenants, managing daily complaints and maintenance issues, and handling tenant move-outs and evictions.
