What Does a Property Manager Do?

If you’re buying a condo or home in Aspen that you intend to rent out seasonally, you’ll probably need a property manager – and that’s true whether you live in town or you migrate elsewhere when you’re not here.
But what is a property manager, and what does he or she do?

What Does a Property Manager Do?

A property manager is a person who takes care of your property for the tenants you have living or staying in it.
He or she can help you get tenants by marketing your property, as well as collect rent and handle maintenance issues.

How to Hire a Good Property Manager

If you’re hiring a property manager, you want one with a great reputation – one you can trust to look after your home. Start by asking for referrals from friends and family, and if you can’t get any, begin reading online reviews.

How Do You Pay a Property Manager?

In many cases, property managers charge between 30 percent and 50 percent of a month’s rent to find and screen tenants. After that, they typically charge a monthly fee that ranges between 7 and 10 percent of the rent they collect.

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