
Philip Mahler of Watertown, Connecticut, is a real estate management professional with some three decades of experience. Holding a bachelor of science in real estate from the University of Denver, Philip Mahler understands the benefits of hiring a property manager, especially for multi-unit apartment complexes.
A property manager oversees property conditions and tenant relations. Key roles include maintenance and repairs, managing finances, and handling complaints.
Before renting out space, property managers screen potential tenants, checking for background information on their conduct and credit status. This helps ensure that only quality tenants rent the space, leading to fewer legal issues associated with the property. Managers enforce landlord-tenant agreements by consistently collecting rent and conducting evictions when necessary.
Property managers are in charge of finances, often helping to determine fair tenant rental rates to keep current tenants happy and attract new ones. Quick response to tenant concerns leads to higher ccupancy rates and improves tenant retention, resulting in higher profit margins for property owners.
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