Property Management Blog

Commercial property managers in Detroit

Chris Garner - Wednesday, April 18, 2018

The commercial property managers in Detroit are the go-to persons who handle all minute details involved in commercial property management. While most residential property managers live onsite; commercial managers may handle many buildings for a large management company. Alternatively, they may work independently at a single location for the property owners.

Leasing the commercial properties is an important role played by the commercial property manager. He meets up with the clients and shows them the vacant office spaces. He also executes the lease, performs various background checks on the renters and also records and files the contracts. The tenants may pay the monthly rental fees to the manager or directly to owners.

The property manager is also in charge of the upkeep and maintenance of the commercial units. He needs to supervise the work of contractors such as electricians, plumbers and landscapers etc. He ensures that the property looks great on the interiors as well as the exteriors.

A manager with an accounting degree can help manage books of the property on the owner's behalf. He monitors all accounts involved in successful running of the commercial property. He not only collects and monitors the rental income coming in; he is also responsible for exerting rules on late-paying renters.

A property manager can advance in his career by obtaining a master's degree in business management. Nowadays, many real estate firms are known to demand candidates having 4-year degrees in financial, real estate or business administrations.