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Everything you need to know about a rental manager.

As real estate professionals, rental managers have a particular responsibility in the management of real estate portfolios on behalf of the speakers for whom they have been mandated. But what are their roles? What type of tasks does a rental manager perform?

1. A REAL ESTATE PROFESSIONAL WITH SOLID LEGAL FOUNDATIONS:


Leasing Managers are accomplished professionals with strong legal and accounting backgrounds. They also keep abreast of changes in real estate, accounting and tax laws. They know the rights and obligations of tenants and landlords and know how to draft contracts and protect the interests of landlords. They are also excellent negotiators serving as an interface between the tenant and the owner. Both field and administrative agents, they divide their time between visits to the properties for which they are responsible and their administrative management.



2. THE MANAGER MANAGES THE PROPERTY ON BEHALF OF THE OWNER:


Mandated by the landlord, the manager is responsible for fulfilling the following tasks:

  • He makes sure to offer tenants peaceful enjoyment in a permanent installation: For example, in the event of neighborhood disturbances, but also problems arising from common areas (such as in the case of water damage originating from common and affecting property damage of your units)

  • The manager also takes care of the rental process, the verification of the credit file, the criminal record and the background check at the housing authority

  • The manager takes care of handing over the keys to the new tenants. He will also be the main actor in the process of negotiation and renewal of the lease.

  • He provides the RL-31 slip to the tenant.

He also ensures that the tenant fulfills his obligations and pays particular attention to:

  • Collect the rents for the scheduled date.

  • Revise rents, send notices of non-renewal, repossession or eviction if necessary.

  • Notify tenants when minor maintenance repairs are deemed necessary, which is the responsibility of the tenant, and perform property inspections.

  • ensure that the destination of the establishment is respected



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