Investing in real estate can be a great way to build wealth and generate passive income. However, managing a property can be a daunting task, especially for first-time investors. This is where property management comes in. 

Property Management is the practice of overseeing and managing a real estate property. It involves a range of tasks such as property maintenance, tenant screening and management, rent collection, lease preparation and enforcement, and handling of maintenance requests. 

Responsibilities of a Property Manager

Finding New Tenants

Tenants Screening

Handling Complaints

Coordinating Tenants Turnover

Setting, Collecting & Advising Rents

Property Maintenance

Securing the Property

Overall Supervision

Financial Management

Staying up to date and enforcing Landlord and Tenants laws

Maintenance and Repairs: 

Property Managers handle all maintenance and repair requests from tenants. They also ensure that the property is well-maintained and in good condition. This helps to attract and retain tenants and can increase the value of the property over time. 

Maintenance in buildings/estates include: 

Cleaning surfaces such as gutters, handrails, windows, floors, and bathrooms.

Undertaking repairs on assets such as elevators and HVACs (Heaters, Ventilators and Air Conditioners).

Maintaining utility systems such as plumbing and electrical services.

Ensuring the doors, roofs, walls, and windows are in excellent condition.

Maintenance of roads, drainages and all common utilities within the estate