What is the property manager responsible for?

Most of the services and duties of a real estate manager are regulated by the Real Estate Management Act. The second document defining the scope of obligations is the contract concluded with the company that we entrust to manage. It is often in the contract that only what the administrator is responsible for is specified in detail. What points can we find in such an agreement?Administration and management of real estate:checking the legal and actual condition of real estate, maintaining a list of premises, a list of owners of premises,
preparing, convening and servicing meetings of a Housing association, including annual reporting meetings,
planning, organizing and carrying out repairs in order to maintain the property in undamaged condition and reduce operating costs,
searching and assistance in obtaining additional sources of income for the purpose of the repair,
storage and archiving of documents of the Housing Association within the framework of the activities carried out,
the representation of the owners in front of contractors and offices.
Accounting services: accounting and reporting for owners and offices in accordance with current legislation,
informing the community Board on an ongoing basis about the financial situation - expenses related to the maintenance of real estate and utilities, income, etc.,
debt collection.
Technical support:maintenance of the construction book and technical documentation of the facility required by the provisions of construction legislation,
the appointment of periodic inspections of real estate,
commissioning of ongoing repairs of common real estate,
monitoring of ongoing work.
How do I choose a property manager?
It is very difficult to choose a company to which we will entrust the management of our property - it will be responsible for signing all contracts, ensuring the safety of users and communicating with courts and offices on our behalf. The most important thing is to pay attention to three points. Does the manager I choose have the necessary authority? Will it be available? Can I trust him with my finances? If the answer to these questions is yes, we can consider this person as a candidate for the position of property manager.In the end, it all comes down to someone taking good care of the safety and tranquility of the users of managed buildings and using the capital invested in them in such a way that the value of the property increases regularly. Check out our services and transparent pricing: https://monoclean.ca/ .