Property manager

A property manager or estate manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so. The property may be individual title owned or it may be owned under sectional title, share block company owned and may be registered for residential, commercial office and retail or industrial use.

Overview of responsibilities

Typical duties expected of a property manager include finding/evicting and generally dealing with tenants and coordinating with the owner's wishes. Such arrangements may require the property manager to collect rents, and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may simply delegate specific tasks and deal with others directly.

A property manager may arrange for a wide variety of services, as may be requested by the owner of the property, for a fee. Where a dwelling (vacation home, second home) is only periodically occupied, the property manager might arrange for heightened security monitoring, house-sitting, storage and shipping of goods, and other local sub-contracting necessary to make the property comfortable when the owner is in residence (utilities, systems operating, supplies and staff on hand, etc.). Property management can also include commercial properties where the property manager may operate the business, as well as managing the property. Some jurisdictions may require a property manager to be licensed for the profession.

Latest News for: Singapore property manager

Edit

Property Firm secures spot on panel to manage firms international activities

The Business Desk 29 Aug 2024
The wealth manager has added Centrick Invest to its panel as a property partner, making it one of a select few worldwide ... “We have been selected by one of the world’s leading wealth management companies because they trust us to present the very best, high quality, property investment opportunities to their audiences in Hong Kong and Singapore.”....
×