Functions of a Property Manager

The property manager is mostly concerned with the interpretation and implementation of the owner’s policy and interests. He purposes and gives advice on the alternative courses of action. The property manager must protect the interest of his client by making sure that financial and legal protections are guaranteed. The responsibility of the property manager covers the operation of the property investment (Hemuka, 1990).

 According to Ibrahim (2014), Olayonwa (2000) and Colorado State (2005); the functions of the property manager includes:

ü Determination of rental values, the collection of rents, keeping safe of the rents collected and rendering of accounts.

ü Making sure that records and register that will provide necessary data on the property are kept.

ü Ensuring good rent-paying tenants through careful selection, renewals, termination, negotiating and agreeing to terms and determining that tenancies/lease/sub-leases are well documented and consents given where necessary.

ü Making sure covenants and other development is implemented.

ü Dealing with the tenement, water rates and remitting same to appropriate authorities.

ü Making an adequate insurance policy plan for the property.

ü Making sure that services are provided to the satisfaction of owners and tenants.

ü Carrying out periodic inspection, maintenance, and repairs.

ü Selection and supervision of staff engaged directly and exclusively for a given property.