Property managers are a vital part of the real estate industry. They manage a wide range of buildings: from residential properties that aren't occupied by their owners; to large scale office buildings, student accommodation, and industrial facilities.
Property managers ensure that the properties under their care operate smoothly, maintain their appearance, and either preserve or increase in value.
They collect rent and other income; monitor correct payment of taxes and other fees; hire, supervise and assign duties to staff; and procure vendors for services as trash removal or landscaping.
The growth in co-working and other new property uses has led to property managers having a new scope of work, with some taking on a hybrid role where they manage communities as well as assets.