Welcome to Pacific Edge Properties Ltd.
This is such an important topic for us, as it's one of the main reasons we stand out among our peers. We are an apartment management company, but we also own the buildings we manage. Many property management companies are simply 3rd party property management companies and do not always have the latitude and freedom to make decisions as non-owners. We own all the buildings we manage and do no 3rd party management. This means we have a very serious, long-term vested interest in the properties we look after. As the saying goes, we look after them like we own them!
What Does an Apartment Property Manager Do?
This really depends on many variable factors, depending on the type of building you live in. But what exactly does a property manager do in general?” The short answer is, an apartment property manager’s responsibilities can depend on the needs of the property owners. But typically a property manager takes on the day-to-day operations of maintaining an apartment. Those tasks can be finding renters, answering maintenance requests, and managing the office duties that go along with leasing properties. Occasionally, legal issues pop up with tenants. Property managers can handle those situations too.
Marketing an apartment, screening leads, interviewing candidates, and then signing renters are all tasks that can be handled by an apartment property manager. An experienced property manager knows how to price rental properties appropriately and target the ideal tenant through targeted marketing. Sometimes, property owners may be less likely to catch red flags in a prospective renter’s financial profile or rental history. Hey, we get it. Life is busy and things fall through the cracks. But, a property manager has the experience and the processes in place that are needed to screen clients. Allowing a property manager to take on the responsibility of sourcing tenants can ensure that more reliable and responsible renters move into your apartment.
One of the most important jobs of a property manager is to keep track of all documents related to your apartment. It may sound simple, but whether you own several properties or just one, making sure all of your paperwork is in order can be both time-consuming and confusing. Between background checks, credit checks, leases, expense reports, pet addendums, and maintenance requests, each apartment requires quite a bit of administrative work. A good property manager can use their favorite management software to keep all of these files organized and easily accessible for future reference.
Taking Care of Maintenance Issues
From overflowing toilets to leaky faucets to malfunctioning light switches, there’s no end to what can go wrong in a rental property. Property management companies frequently have a dedicated list of maintenance vendors that they rely on who respond quickly to maintenance calls. This takes the guesswork out of sourcing and hiring plumbers, electricians, etc for your apartment. Plus, in some cases property management companies own and operate their own, in-house team of maintenance workers. In this case, they have even more control over the quality and speed of maintenance services. This keeps your tenants happy and your property well-maintained. Making sure that your tenants feel listened to and taken care of is the easiest way to keep your investment rented and profitable. As an added bonus, it takes finding and dealing with maintenance professionals off your to-do list.