What do you look for in your property manager? I hope you realize that property management is more than renting space and collecting rents. A good property manager must have a working knowledge of accounting, income taxes, auditing, insurance, real estate and fair housing laws, property maintenance, collection practices, preparation and execution of leases, employee management, advertising, security, and building codes. Property maintenance is an especially demanding area. A property manager has to be a jack-of-all-trades plumber, carpenter, electrician, mason, air-conditioning technician, mechanic, landscaper, and engineer. It takes years of study and experience to become an accomplished property manager. And an accomplished property manager is what you need to keep your property in tiptop shape.
