Duties and Responsibilities of Property Managers

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A property management firm has an obligation to the owner to make sure the business is operating to fulfill the owner's objectives and to earn a profit. Therefore, it is important for a property manager to make decisions that keep the owner's business profitable and protect the owner's investment. 

From a tenant's perspective, a property manager is responsible for ensuring that the tenants have a safe living environment, that their rental payments are applied to the correct account, that the lease sets forth the responsibilities of both parties, and that the property is managed in a professional manner.



Property management refers to the act of servicing and maintaining all the rental properties which are owned by an individual or a company. The owner does not necessarily need to reside in the property.

No matter how talented you are in the real estate business, you will not be able to succeed in it if you do not have the required knowledge and skills. 

There are some secrets that are needed to be known by everyone. If you are someone who does not have the required knowledge, then you are simply wasting your time. 

It is important for you to learn about the industry. If you are unable to do this, then there are several things that you will miss out on. You will not be able to succeed in this business unless you know these things.


This blog post will discuss the duties and responsibilities of property management companies in order to create a healthy and safe property for tenants.

What Does A Property Management Company Do?

Landlords are required to perform some basic tasks in order to provide their tenants with a safe and healthy home. However, many landlords do not consider proper property management when deciding to rent out a property. 

1. Ensure That the Property Is Ready to Rent

Before a property manager leases a property, it is very important to ensure that the property is completely ready to rent. The property must be safe and habitable. Everything in the property must work. And, The property must be clean. 

2. Tenant Screening

Tenant Screening is essential to ensuring that the tenant would be a good risk based on their past history. For example, a background check carried out by property managers will identify if a tenant has a criminal record. The duties of a property manager include a credit check to determine things like payment history, credit score.





3. Enforcing the Lease 

A lease agreement is a legally enforceable agreement signed between a property owner and tenant. The lease that the property management company uses should be a Time-Tested document that clearly defines the rules about what the tenant and property owner can and cannot do.

5. Knowledge about laws of landlord and tenant

Property managers need to understand the legal assets screening a tenant, such as Fair Housing practices.

Financial requirements of keeping funds such as security deposits in appropriate FDIC insecure bank accounts.

6. Property Maintenance

Property managers are required to take requests from tenants, the most being maintenance. Most, but not all, property management companies have maintenance Technicians on staff. This is an important feature because if they are on staff strictly being contractors. The management company has much more control over their schedule.

Here are some other important questions:

  • What is the hourly billing rate?
  • The average hourly maintenance cost for a Technician in the OKC metro area is $50 per hour.
  • Do you have emergency maintenance?
  • There will be times when emergency maintenance is required over the weekend or a holiday. Your Property management company needs to have that covered.
  • Will your property management company work with home warranty companies?
  • Not all will. You need to ask upfront.
  • Does your property management company charge a markup on supplies?
  • Some do. This may seem minor but can really add up over time.




Location: 2532 W I 44 Service Rd, Oklahoma City, OK 73112, USA

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