Apartment building managers are the intermediaries between tenants and the apartment owners. Besides being responsible for the apartment building and overseeing daily operations in the premises, the apartment building managers also train and oversee workers and on-site employees. The apartment building manager is usually an on-site manager.
Apartment building managers are responsible for contract renewal or negotiation for grounds keeping, construction, waste removal, maintenance and security services. They update the property owner about the status of the property. Apartment building managers accompany potential tenants around the building and to vacant units. They perform background and credit history checks on the potential tenant; review applications and interview prospective tenants to assess their paying capabilities and lifestyle; make and print contracts and make sure that the client signs all the rental documents properly. Some apartment building managers recruit and train building staff, take care of the financial aspects of managing a building; collecting rents,security and advance deposits, handling insurance issues and building maintenance as well as inspect the building to see if repairs are needed and fulfill all necessary requirements to fix the problem. Other tasks of apartment building managers include recording all transactions, and submitting reports to the owners detailing transactions and the number of vacant units, delegating duties to the staff or crew for cleaning hallways and common areas, changing spent light bulbs and doing repairs to the property. Apartment building managers are also responsible for solving or reporting to the owner or proper authorities issues brought forth by the tenants, serving eviction notices on unwanted and unruly tenants and enforcing building rules and regulations.
Education and Training Requirements
To become an apartment building manager, one should hold a high-school diploma and several years of managerial experience. Most employers prefer hiring candidates with a bachelor’s degree in business administration, real estate, or public administration.
Knowledge and Skills Requirements
Apartment building managers must be effective communicators and possess good interpersonal skills, management skills, and computer skills. They should also be extremely knowledgeable in state and federal regulations pertaining to rental housing.
Apartment building managers often work long hours though a regular 40-hour work schedule is generally followed. The work can be emotionally and physically draining due to the different personalities of tenants and accidents or emergencies in the apartment building.
An apartment building manager makes $47,000 annually on average. Factors like size of company, location, nature of the industry, benefits and experience may cause salaries to vary considerably amongst apartment building managers.