What Are the Responsibilities of a Property Manager?
Updated 8 days ago (March 6, 2026)
Your contract with your property manager should specify different types of responsibilities your manager will deliver. Therefore, think carefully before hiring.
Tasks that managers are often responsible for include:
Collecting rent each month
Depositing rent in your bank account each month
Semi-annual or annual checkup of your rental (drive-by to view exterior or interior meeting prescheduled with your tenant)
Coordinating repairs (e.g. toilet clog, leaky faucet, etc.)
Maintaining the rental (e.g. replace lights, cleaning, etc.)
Showing the rental property
Writing and publishing the rental listing
Reviewing applications
Selecting tenants
Collecting and managing the security deposit
Conducting the move-in inspection and handover of keys
Conducting the move-out inspection and collection of keys
Providing monthly income and expense records
Collecting late fees
Serving late rent notices
Tellus TIP:
If you are a part-time landlord who wants to self-manage your rentals, you may be better off buying Class A rental properties. The rental yield may be lower, but you will likely find yourself spending less time having to find vendors and facilitate time-consuming repairs and renovations.
Legal Disclaimer: Tellus provides this content for informational purposes only. This is not legal advice. Laws vary by state and locality, and regulations may have changed since this article was published. Consult a qualified attorney for guidance specific to your situation.
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