Quick answer
A property manager handles many of the daily tasks involved in owning a rental property. Common responsibilities include marketing the rental, screening applicants, preparing leases, collecting rent, coordinating repairs, communicating with tenants, tracking renewals, and sending owner reports.
The exact scope depends on the management agreement and property type.
Leasing and tenant placement
Property managers often help price the rental, list the property, respond to inquiries, coordinate showings, collect applications, screen applicants, and prepare lease documents.
Good leasing is not just about filling the property quickly. It is about finding a qualified tenant through a consistent process.
Rent collection and owner reporting
Managers may collect rent, track payments, handle late payment workflows, process owner distributions, and provide monthly statements.
Owner reporting helps landlords understand income, expenses, maintenance, and property performance.
Maintenance and tenant communication
Managers coordinate maintenance requests, communicate with tenants, schedule vendors, review invoices, and document repairs.
This can save owners time and create clearer records when issues arise.
Renewals, notices, and documentation
Property managers may help with lease renewals, rent review, move-out coordination, inspections, notices, and documentation. These areas often require careful process and recordkeeping.
Owners should confirm which services are included before signing a management agreement.
Related resources
- Start Here for New Landlords category
- What is property management?
- What is full-service property management?
- How much does property management cost?
- Residential property management
Frequently asked questions
Does a property manager find tenants?
Many managers offer leasing or tenant placement services, but owners should confirm the exact scope.
Does a property manager handle repairs?
Usually, managers coordinate repairs and vendors according to the management agreement.
Does a property manager collect rent?
Full-service managers commonly collect rent and provide owner accounting.
Is every property management company the same?
No. Services, fees, systems, and communication standards vary.