Property owners with many properties hire a lease manager who is capable of doing the work of the real estate agency with just the properties of that particular property owner. Several kinds of properties qualify to become the subject of a lease: farms, commercial buildings, residential houses, apartments, and vacation houses. The real estate lease manager takes care of advertising the lease possibility, handling the applications of candidates, and selecting the right candidate. It does not end there. The real estate lease manager ensures that the lease payments are coming in on time. If that does not happen he takes appropriate action. He will remind the lessee to pay on time. If needed, he will impose late fees. He will take legal steps to end the lease when a lessee does not make payments or when the lessee does not take care of the building appropriately. He will take all violations and aspects into consideration before he takes legal action to end the lease prematurely. He is responsible for all paperwork for the entire duration of the lease. The lease manager is overall responsible for all tenant relations. He does the budgeting and advises the owner when alterations become necessary to comply with new or existing building regulations.
There are still some lease managers active who do not have a college degree, because they have been working a real estate job for a very long time, and they have extensive experience. Most owners or real estate offices now ask for a bachelor’s degree in finance, real estate, or accounting, though. A strong background is usually expected from real estate lease managers. Individuals with anger problems do not make good lease managers. Communication skills are of extreme importance. After all, the success of the lease often depends on how the lessee and the lease manager can communicate. In our diverse society it is always recommended that a lease manager is fluent in at least one extra language. Doing all paperwork actually on paper is a concept of the past. A paper copy of the contract is still filed with all very important papers, but the lease manager has to be very computer literature because the majority of the paperwork is now done electronically and the actual contract is scanned and viewable on a computer screen.
Wages vary a lot in this line of work. Those who work for major real estate companies, owners with a lot of property, or owners with several commercial properties can end up making a lot of money. Usually they get paid per unit they take care off. Sometimes lease managers represent the owner of just two or three properties and are in the business only to make a little extra money. Many of them also do small repairs to the property and get paid per repair job.
