A Day in the Life of a Property Manager

June 3, 2020

in In The News,

A day in the life of a Property Manager

Learning their business so that you can better serve them

The Calendar Cycle:

1^st of the Month: Rent is due, move outs from last month handled, turns begin, work orders.

5^th of the Month: All rent checks must be entered and deposited.

6^th of the Month: Rent is late, late letters go out.

11^th of the Month: Evictions filed with Magistrate.

25^th of the Month (give or take): Financial Month End Accounting.

All month: Move Outs.

Typical Position Titles:

Notes on Bids:

Most sites require 3 bids sometimes they are for immediate projects and sometimes it could be a deferred maintenance item or new budget year items.
Property Managers provide a scope / Supplier Members ask for a scope to speed up the process and eliminate extra work/pricing
Bids and proposals sometimes require tiered approval, owner approval, or bank/mortgage approval. Patience may be needed the higher the dollar amount.

Fair Housing Notes:

Protected classes- Race, color,religion, sex, handicap, familial status, national origin.
Common mistakes
How does this affect you as a supplier?
Questions not to answer at any apartment community… “What kind of people live here?” And “How safe is it here, ya think?”

Correct Terminology: