Landlords frequently hire property managers to manage and maintain their rental properties. These managers often make a big difference in terms of keeping properties in good condition and making them profitable, so most landlords take great care when screening applicants for this position. Many applicants for this job find employment through property management groups, but landlords frequently receive recommendations from family, friends, or other property owners.
Searching for potential tenants, collecting rent, and handling property upkeep and repairs are the main responsibilities of the job. However, some landlords may want their property managers to perform other duties depending on property management costs. Managers will be happy to sign detailed contracts with landlords outlining their duties, financial details, and everything else their position entails. Salaries are paid by landlords, dependent on the number of properties they own, where they are located, and how many tasks the position involves. Average annual salaries in the field range from £25,000 to £37,500.