Property Management Grand Junction : Responsibilities of a Property Manager

Effective property management Grand Junction needs a responsible property manager. There are a multitude of tasks which are required to be accomplished every day in order to appease both rental home owners and their tenants.

A property manager's main role is to make sure that the rental home is profitable for the property owner while making it comfortable for the tenant at the same time. It begins with assessing the property's market value. Maintenance costs, mortgages, and other fees should compensate for the rent amount that will be established.

All the advertising, leasing of contracts, tenant screening, and property showing are done by the property manager. Moreover, property maintenance such as leaks, broken fixtures, landscaping, painting, plumbing, and other repairs must also be reported so that the property manager can resolve these problems immediately.

The property manager also handles and supervises all the legal processes involved in the rental business. He makes sure that the lease contracts are in accordance with the law. He also sees to it that the property is in compliance with the zoning regulations. He must also follow the proper guidelines for eviction and must represent himself in behalf of the owner.

Most importantly, property managers are the ones who take charge of the rent collection. All disbursements must be well-documented and an accounting report must be submitted to the owner.