A Property Manager advertises and markets vacant spaces to attract tenants, and negotiates the lease of properties in a timely and reliable manner. Their role is to manage all aspects of their assigned properties, and inspect and arrange maintenance to meet established standards. Their responsibilities are to maintain a positive and productive relationship with tenants, source and build relationships with prospective clients to expand business opportunities, oversee property personnel and assess their performance, collect receivable accounts, and handle operating expenses.
We manage a bunch of commercial and residential real estate properties. Real estate industry as a whole requires a lot of patience, whether you're on the property management side, patience with tenants, or on the acquisition side, it's patience to understand when to pull the trigger on a deal you want to buy and when to know that maybe it's okay to pass on deals.
Definitely it's the most surprising thing that each day it's something new and it's just a constant learning process.
So the beauty of my line of work and what I highly recommend to a lot of people if they have the stomach and the wherewithal to do it, is my salary is mostly based off my performance or the performance of the properties or the assets that we manage. This not only gives myself motivation to do a better job but it also doesn't put a ceiling on a salary or on the money that I can make.
The success and the fruition that you could see in many years down the road is what motivates me, more specifically motivates me to be able to retire early and play a lot of golf.