They talk with clients to explain the rules of the lease. They also set rental rates, handle bookkeeping, and collect payments. Managers make sure that mortgages, taxes, and other bills are paid. They keep track of profits and losses for property owners. They also arrange cleaning, security, and other services.
Some property managers live at the property.
Working with people is an important part of their job. Real estate managers plan the buying, development, and sale of real estate. Sometimes real estate managers are hired to find a suitable place for a hotel, store, or factory. They research the site by looking at zoning, property values, traffic patterns, and other factors. Once managers find a suitable spot, they negotiate to buy or lease the land.