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What is a Property Manager?

thayne

January 24, 2019

A property manager, for a small fee, oversees the real estate for an investor and helps to protect the property by overseeing maintenance, tenant procurement, managing the tenant, rent collection, and accounting.

Why is a property manager important to the role of a real estate investor?

Time.

Time is the single most valuable resource to all of us, so manage it well. An investor can spend many hours managing a single property. Hiring a professional property management company releases that investor from that time commitment each month.

A property manager is a real estate investor's eyes and ears. We like to refer to a property manager as the real estate investor’s “boots on the ground”. A quality property management company inspects the property before, during, and after any tenancy for issues concerning the upkeep and maintenance of the property. The property management company reports this information to the investor so that the investor can make a sound decision of what to do next. The property manager fields phone calls from tenants, vendors, and applicants throughout the day.

Laws.

A property management company is responsible for knowing and abiding by State and Local laws. Every year brings new legislation regarding rental properties, tenants, and applicants.

Numbers.

How much can I rent my property for? How long can it take to rent my property? When do I receive my rent proceeds? What kind of accounting reports can I have? How do end-of-year accounting reports look for my property? How are the deposits collected? How are tenants' move-out dispositions handled?

These are just the tip of the iceberg. It is the property management companies responsibility to communicate effectively on how to answer all of these questions. Experienced property managers record rents, deposits and creates charges for the property.

So here you have it. Property Management in a nutshell. A professional property manager is considered to be one of the most valuable assets in overseeing a real estate investment.

If you own rental property in the Treasure Valley area, including Boise, Meridian, Eagle, Kuna, Nampa, o Caldwell, contact ProCore Property Management now to discuss your management needs. Fill out our form here or call one of our agents at 208-888-5504.

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We have rented a town home from this company for over two years now, and have had an overall great experience. Our airconditioner quit working this past summer when it was really hot out. We submitted a maintenance requested and the problem was resolved quickly. Our main point of contact has been Tressa, and she's been very responsive and helpful with any issue we've had. They've been a great company to work with.

Our experience with ProCore was wonderful. Our landlord was responsive and always super accommodating to our requests and needs. Would definitely recommend renting through this company.

ProCore and Carrie were awesome to work with. Top notch, reliable service and communication. Thank you!

I have been with ProCore Property Solutions for almost three years now at two different properties and they have been nothing but wonderful! Tressa is so warm and easy to deal with and Richard is always available at any hour to help/assist for emergency maintenance needs. You can tell they truly care about their tenants and treat you like family! Thank you for making this entire experience so wonderful!

I recently rented a home through ProCore. The process went very smoothly, from searching for a property to application and making payment. Communication during the renting process was top notch, from office staff to our property manager Tressa, who were always prompt, courteous, understanding, and responsive.

Loved renting with ProCore! Open communication and easy to work with.