Highland Realty's Real Estate Blog
- What Does A Rental Property Manager Actually Do?
What Does A Rental Property Manager Actually Do?
Essentially, a property manager is a person hired by real estate property owners to manage and take care of rental properties. Their obligations are varied based on their salary and the terms stipulated in their management agreement. But their duties usually include the following.
Property managers are responsible for establishing the precise rent for your unit. Hence, it is essential that they have appropriate knowledge of the market where your property is located in order to come up with the perfect rental fee that will draw in renters to your property. Also, they guarantee optimal inflow of cash by setting a date to collect rent every month and stringently require late charges from delinquent tenants. The property manager may boost the rental fee by a predetermined percentage yearly, consistent with the local, state, or municipal statutes. They ... Read more here
- GREATER METROPOLITAN DENVER REAL ESTATE MARKET STATISTICS
GREATER METROPOLITAN DENVER REAL ESTATE MARKET STATISTICS
DECEMBER, 2011 YEAR END
47,373 Single Family properties were placed under contract in ’11 versus 49,313 properties in ’10 ↓4%
39,387 Single Family properties closed in ’11 versus 38,818 properties in ’10 ↑ 1%
YTD closed dollar volume was $10.0 Billion in ’11, ↔ even versus year to date ‘10
37,988 Residential properties were placed under contract in ’11 versus 39,200 properties in ’10 ↓ 3%
31,437 Residential properties closed in ’11 versus 30,777 properties in ’10 ↑ 2%
YTD closed dollar volume was $8.8 Billion in ’11 versus $8.7 in ’10 ↑ 1%
9,385 Condo properties were placed under ... Read more here