Property Manager - Owner Expectations

Owner Expectations

The owner of a property expects the property manager to:

  • carry out the owner’s instructions, control costs and maximize revenue to maintain a stabilized cash flow as a return on capital invested (commonly referred to as the capitalization rate or the cap. rate)
  • exercise control over the building to safeguard the capital invested, provide a duty of care through proper maintenance of the building
  • be professional and well informed on Fair Housing laws and property management practices and procedures
  • enhance the value of the property by making improvements that will increase its market value, retain and enhance pride of ownership.

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Famous quotes containing the words owner and/or expectations:

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    —Bible: Hebrew, Exodus 22:14,15.

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