A property manager is an individual or other entity that is hired by a property owner for the purposes of overseeing and managing daily operations of the property or properties. The property manager acts on behalf of the owner to preserve the value of the property while generating income.

What is the role of property manager?

A property manager is an individual or other entity that is hired by a property owner for the purposes of overseeing and managing daily operations of the property or properties. The property manager acts on behalf of the owner to preserve the value of the property while generating income.

How is a property manager usually paid?

A monthly general management fee typically falls between 8% and 10% of the monthly rent for a single-family home—flat rates are rare for the monthly fee. Pay close attention to how fee structure is worded in your contract so that you know exactly how you are being charged for this baseline management fee.