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A Property Manager May Arrange
for a Wide Variety of Services

 

A property manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so.

Overview of responsibilities

Typical duties expected of a property manager include finding/evicting and generally dealing with tenants, home repair, home improvement, cleaning, garden maintenance, landscaping and snow removal, to be coordinated with the owner's wishes. Such arrangements may require the property manager to collect rents, and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may simply delegate specific tasks and deal with others directly.

A property manager may arrange for a wide variety of services, as may be requested by the owner of the property, for a fee. Where a dwelling (vacation home, second home) is only periodically occupied, the property manager might arrange for heightened security monitoring, house-sitting, storage and shipping of goods, and other local sub-contracting necessary to make the property comfortable when the owner is in residence (utilities, systems operating, supplies and staff on hand, etc). Property management can also include Apartments, Condominiums, Duplexes and Single Family or Commercial properties where the property manager may operate the business, as well as managing the property. Most jurisdictions may require a property manager to be licensed for the profession.

The property manager has a primary responsibility to the landlord and a secondary responsibility to the tenant. The relationship the property manager has with the landlord and with the tenant are crucial in forming the expectations of both parties to the lease since both parties will seek and expect certain rights and benefits out of it.


Stockton Townhouses

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.

Tenant expectations

The tenant of a property expects the property manager to:

ensure the "quiet enjoyment" of the premises--an assurance that the premises will be able to be used and enjoyed for the intended purposes without interference from the landlord and/or other tenants (save for emergencies) provide comfort—-a living environment that is properly heated, cooled and ventilated with as many amenities as possible compatible with the rental level provide security and safety--the ability to live and/or work in a building in which there are no inherent defects or conditions that might be hazardous to health or to property provide status—-accommodation and facilities that meet socio-economic and cultural standards for the tenants and their guests.

List of Stockton Property Managers

   
A & R Properties
311 E Main St Ste 520
Stockton, CA 95202
(209) 466-8501
Affordable Fence & General Construction
2004 Mariposa
Stockton, CA 95205
(209) 948-4415
American Financial Services
1833 W March Ln Ste 3
Stockton, CA 95207
(209) 952-3661
Ari Co. LLC
2291 W March Ln Ste A102
Stockton, CA 95207
(209) 954-1649
Arnett & Associates
1657 Pyrenees Ave
Stockton, CA 95210
(209) 477-1472
Association Services Inc.
2431 W March Ln
Stockton, CA 95207
(209) 473-1000
Capitol Home Mgmt.
8102 Kelley Dr Ste J
Stockton, CA 95209
(209) 472-0240
Chinchiolo Richard
311 E Main St
Stockton, CA 95202
(209) 466-8501
Chuck Lantznester
83 W March Ln. Sutie 10
Stockton, CA 95207
(209) 951-1888
Chuck Lantznester
83 W March Ln. Sutie 10
Stockton, CA 95207
(209) 951-1888
Colonial North Property Management
8900 N. Thorton Rd Ste. 7
Stockton, CA 95209
(209) 477-3830
Garibaldi Co. The
3525 W Benjamin Holt Dr Ofc
Stockton, CA 95219
(209) 955-0535
G K Industries
8073 Shay Cir
Stockton, CA 95212
(209) 952-9800
Gnekow Family Winery
705 E Main St
Stockton, CA 95202
(209) 469-7274
Heritage Property Management
1743 Grand Canal Blvd Suite 11
Stockton, CA 95207
(209) 478-4283
Houselynk Buy 209 Realty
1904 Country Club Bl
Stockton, CA 95204
(209) 462-8300
Huston Associates Real Estate Inc.
3138 Pacific Ave Ste B
Stockton, CA 95204
(209) 464-9441
JAB Property Management
8102 Kelly Dr.
Stockton, CA 95209
(209) 472-7777
JBT Properties Inc.
555 W Benjamin Holt Dr Ste 424
Stockton, CA 95207
(209) 952-9771
Katzakian Property Mgmt.
1811 Grand Canal Blvd Ste 5
Stockton, CA 95207
(209) 957-6061
Lakeland Management Co.
3620 W. Hammer Lane (Suite A)
Stockton, CA 95219
(209) 473-6300
Liberty Property Mgmt.
3516 Deer Park Dr
Stockton, CA 95219
(209) 472-0934
Lincoln Shopping Center
374 Lincoln Ctr
Stockton, CA 95207
(209) 477-8936
M & C Association Mgmt.
1341 W Robinhood Dr Ste B7
Stockton, CA 95207
(209) 644-4900
M & C Association Managements
1341 W Robinhood Dr
Stockton, CA 95207
(209) 956-5660
MCR Real Estate & Property Management
415 W Benjamin Holt Dr Ste D5
Stockton, CA 95207
(209) 473-1012

Metzger Management Company
1044 Rivara Rd Ste 110 - A
Stockton, CA 95207
(209) 956-9024
Mountain View Townhomes
5506 Tam O Shanter Dr
Stockton, CA 95210
(209) 477-5368

MVP Property Mgmt.
3525 W Benjamin Holt Dr Ofc
Stockton, CA 95219
(209) 478-1192
Ohan Plaza
3322 E Hammer Ln
Stockton, CA 95212
(209) 951-9500
Ootomo Realestate Investment & Service Inc
130 N Sutter St
Stockton, CA 95202
(209) 464-8088
Parker Properties
1233 N Golden Gate Ave
Stockton, CA 95205
(209) 954-0123
Patmon Co. Inc.
1919 Grand Canal Blvd
Stockton, CA 95207
(209) 951-4391
PMA Realtors
2027 Grand Canal Blvd
Stockton, CA 95207
(209) 477-8700
Property Management Experts
200 West Harding Way
Stockton, CA 95204-5607
(209) 465-5000

Property Services
2291 W. March Ln.
Stockton, CA 95207
(209) 235-4800
Regency Homeowners Assc.
2420 Oxford Way Apt 24
Stockton, CA 95204
(209) 462-2082
Seecon Xxii Partners
555 W Benjamin Holt Dr
Stockton, CA 95207
(209) 955-2020

Smith Enterprises
PO Box 78104
Stockton, CA 95267
(209) 472-1151
Starr Property Management
37 W Yokuts Ste A-1
Stockton, CA 95207
(209) 478-4111
Stepken Dick Realtor Inc
2724 Pacific Ave
Stockton, CA 95204
(209) 466-4043
Trefoxx Property Management
5345 N El Dorado St
Stockton, CA 95207
(209) 952-9400

Valley Property Services
37 W Yokuts Ave Ste C1
Stockton, CA 95207
(209) 957-4430
Villa Theresa
9680 Theresa Cir
Stockton, CA 95209
(209) 957-2633
 
Villages At Spanos Park West Community Association
P.O. Box 348600
Sacramento, Ca 95834
(916) 925-9000
Village East Apts.
2501 E Lafayette St Apt H11
Stockton, CA 95205
(209) 462-6899

Professional designations

Building Owners and Managers Association (BOMA International) offers industry-standard designations that certify the training to Property Managers:

All Property Management Software
  • Real Property Administrator (RPA)
  • Facilities Management Administrator (FMA)
  • Systems Maintenance Administrator (SMA
  • )
  • Systems Maintenance Technician (SMT)
Institute of Real Estate Management (IREM)
  • Certified Property Manager (CPM)
  • Accredited Residential Manager (ARM)
  • Accredited Commercial Manager (ACM)
  • Accredited Management Organization (AMO)
Manufactured Housing Institute (MHI)
  • Accredited Community Manager (ACM)
  • Professional Housing Consultant (PHC)
National Apartment Association (NAA) has the following designations:
  • Certified Apartment Manager (CAM)
  • Certified Apartment Property Supervisor (CAPS)
National Association of Residential Property Managers (NARPM) offers designations to certify ethical and professional standards of conduct for property managers:
  • Residential Management Professional (RMP)
  • Master Property Manager (MPM)
  • Certified Support Specialist (CSS)
  • Certified Residential Management Company (CRMC)

State-specific designations:
  • California - Certified Community Association Manager (CCAM)
  • Florida - Community Association Manager (CAM)
  • Minnesota - Certified Community Association Manager (CCAM)
  • Minnesota - Certified Residential Manager (CRM)

Renting

See also: Lease

Renting is an agreement where a payment is made for the temporary use of a good or property owned by another person or company. The owner of the property may be referred to as the lessor and the party paying to use the property as the lessee or renter. There is typically an implied, explicit, or written rental agreement or contract involved to specify the terms of the rental, which are regulated and managed under contract law. Examples include:
  • Renting real estate (real property) for the purpose of housing tenure (where the lessee rents a residence to live in), parking space for a vehicle(s), storage space, whole or portions of properties for business, agricultural, institutional, or government use, or other reasons.
  • When renting real estate, the person(s) or party who lives in or occupies the real estate is often called a tenant, paying rent to the owner of the property, the lessor, often called a landlord (or landlady). The real estate rented may be all or part of almost any real estate, such as an apartment, house, building, business office(s) or suite, land, farm, or merely an inside or outside space to park a vehicle, or store things all under Real estate law.
  • The rental agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals. Some non-real properties commonly available for rent or lease are:

In various degrees, renting can involve buying services for various amounts of time, such as staying in a hotel, using a computer in an Internet cafe, or riding in a taxicab (some forms of English use the term "hiring" for this activity).

Reasons for renting

There are many possible reasons for renting instead of buying, for example:
  • In many jurisdictions rent used in a trade or business is tax deductible, whereas rent on a dwelling is not tax deductible in most jurisdictions.
  • Financial inadequacy, such as renting a house when one is unable to buy it. One may not wish to pay the full price that ownership would need, allowing for smaller payments over a specified period of time.
  • Reducing financial risk due to depreciation and transaction costs, especially for real estate which might be needed only for a short amount of time.
  • When something is needed only temporarily, as in the case of a special tool, a truck or a trailer.
  • When something is needed that may or may not be already owned but is not in proximity for use, such as renting an automobile or bicycle when away on a trip.
  • Needing a cheaper alternative to buying, such as renting a movie: a person is unwilling to pay the full price for a movie, so they rent it for a lesser price, but give up the chance to view it again later
  • .
  • The renter may want to leave the burden of upkeep of the property (mowing the lawn, shoveling snow, etc.) to the owner or his agents.
  • There is no need to worry about lifespan and maintenance.
  • Renting keeps off-balance-sheet the debt that would burden the balance sheet of a company in case the property would have been bought.
Some merchants have rent-to-own (also called lease-purchase or hire purchase) programs, usually for expensive items such as houses or appliances. Houses however are more commonly sold using a mortgage rather than hire purchase, the difference being who the house legally belongs to during the payment period: the seller in the former case, and the buyer in the latter.

As seen from the examples, some rented goods are used on the spot, but usually they are taken along; to help guarantee that they are brought back, one or more of the following applies:

  • one shows an identity document
  • one signs a contract; any damage already present when renting may be noted down to avoid that the renter is blamed for it when the good is returned
  • one pays a damage deposit (a refundable fee that may be used in part to pay for damage caused by the renter)
  • if the customer has a credit account with the rental company, they may rent over several months (or years) and will receive a recurring or continuation invoice each rental period until they return the equipment. In this case deposits are rarely required.
  • In certain types of rental (sometimes known as operated or wet rental) the charge may be calculated by the rental charge + timesheets of operators or drivers supplied by the rental company to operate the equipment. This is particularly relevant for crane rental companies.
Sometimes the risk that the good is kept is reduced by it being a special model or having signs on it that can not easily be removed, making it obvious that it is owned by the rental company; this is especially effective for goods used in public places, but even when used at home it may help due to social control.

Persons and businesses that regularly rent goods from a particular company generally have an account with that company, which reduces the administrative procedure (transaction costs) on each occasion.

Signing out books from a library could be considered renting when there is a fee per book. However the term lending is more common.

See also

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