The Duties of an Apartment Management Company

Not all apartment owners in New York City have the time or the experience to actively run their own rental properties and ensure that their investments produce sizable profits. This, in a nutshell, accounts for why many of them choose to work with NYC apartment management companies. The duties of an apartment manager are also far from easy and in fact demand the skills and knowledge of a top management professional.

For one, apartment managers are responsible for setting, collecting, and adjusting rental fees for the benefit of their clients. This task not only requires a talent for crunching numbers but also decent communication skills—especially when dealing with problematic tenants who habitually do not pay their rent on time. Owners can also count on apartment managers to screen potential tenants, a process that involves a fair amount of background checks.

On top of all that, property managers are in charge of maintaining each property mainly by scheduling regular building inspections and repairs, as well as notifying utility services, like plumbers, whenever needed. Apartment owners looking to fill their vacant units also rely on managers who can ensure that their properties are properly supervised and protected from vandalism, break-ins, and other threats.