what is a commercial property manager responsibilities

In Property Management - Asked by Lorenzy G. - Dec 7, 2009
Report Abuse
Answer this Question


Gloria D.
Cooper City, FL

It would depend upon the written agreement of their job responsibilities. Several examples would be to collect rents, pay bills, supervise ALL vendors or the employee staff, reconcile all banking accounts, provide full accounting and a detailed monthly report for the property owner.

Dec 8, 2009
Report Abuse
Nadina C.
Phoenix, AZ

To maintain and enhance the value of your property by performing all the tasks s/he or it has agreed contractually to do in a professional and reliable manner.

Dec 11, 2009
Report Abuse
Chris R.
Denton, TX

Generally to oversee - supervise all actions and functions of the property on a day to day basis as if he/she was the owner of the property doing that which needs to be done. That would include collection of and depositing rents, manage the bank account and accounting functions, interfacing with the tenants, handling maintenance issues, hiring and supervising all vendors / contract services, payment of all expenses for the property, complete accounting of all income and expenses to the owners, maintain proper records, negotiate for competitive services, possibly - if so engaged - be involved in leasing / renewals. All to be negotiated in a contract to specify what it is that is expected and contracted for at a fee structure acceptable to all parties. More info - see www.IREM.org - consult a CPM - Certified Property Manager. Chris Rosprim, CPM

Dec 12, 2009
Report Abuse
Dale O.
Spanaway, WA

They should manage the property as if they were the Owner. When they put their interests ahead of your interests as the Owner, it is time to fire the management company.

Mar 30, 2010
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question