What Does a Property Manager Do?

what does a property manager do

What Does a Property Manager Do?

Many homeowners considering renting their property ask an important question:

What does a property manager actually do?

The simplest answer is this:

A property manager handles all the responsibilities involved in renting and maintaining your property—so you don’t have to.

Managing a rental home involves far more than simply collecting rent. A professional property manager oversees everything from tenant placement and legal compliance to maintenance and financial reporting.

Below are the core responsibilities that property managers handle for rental property owners.


1. Finding and Screening the Right Tenants

One of the most important responsibilities of a property manager is placing qualified tenants in the property.

Choosing the wrong tenant can result in lost rent, property damage, and legal complications. Proper tenant screening requires several steps.

A property manager will typically:

  • Determine the fair market rental price

  • Advertise the property across multiple platforms

  • Respond to inquiries and schedule showings

  • Verify employment and income

  • Review credit history

  • Check rental references

  • Review background and eviction history

Professional screening helps ensure the tenant is financially qualified and likely to meet the obligations of the lease.


2. Determining the Right Rental Price

Pricing a rental property correctly is critical.

If the rent is set too high, the property may sit vacant. If it is set too low, the owner may lose significant income.

Property managers conduct rental market analysis by reviewing comparable properties in the area, current market demand, and neighborhood trends.

This ensures the home is competitively priced while maximizing rental income.


3. Preparing a Legally Compliant Lease

A lease agreement is a legally binding contract between the landlord and the tenant. Creating a lease that complies with local, state, and federal laws is essential.

In Virginia, rental properties may fall under either:

  • Virginia Residential Landlord and Tenant Act (VRLTA)

  • Virginia Common Law

A professional property manager ensures that the lease agreement includes all required disclosures, legal provisions, and protections for the property owner.

They also properly handle security deposits, which must be placed in escrow accounts according to legal requirements.

4. Managing Maintenance and Repairs

Every rental property eventually requires repairs or maintenance.

Property managers coordinate repairs when issues arise, including problems such as:

  • Plumbing leaks

  • Appliance failures

  • HVAC issues

  • Electrical problems

  • Property damage

They also determine whether the repair falls under normal wear and tear or tenant responsibility.

Professional property managers maintain relationships with licensed contractors and vendors, helping ensure repairs are completed quickly and properly.


5. Collecting Rent and Handling Payment Issues

Collecting rent is another key responsibility of property management.

When tenants pay on time, the process is simple. But if payments are late or missing, the situation can become complicated.

Property managers handle:

  • Rent collection

  • Late payment notices

  • Communication with tenants

  • Documentation of payment history

If a tenant stops paying rent, the property manager must follow the proper legal steps to resolve the issue.


6. Managing the Eviction Process When Necessary

While careful tenant screening helps prevent eviction situations, they can occasionally occur.

If a tenant violates the lease or fails to pay rent, the property manager must follow a specific legal process.

This process may involve:

  • Issuing formal legal notices

  • Filing eviction paperwork with the court

  • Attending court hearings

  • Coordinating with the sheriff’s office if removal becomes necessary

Handling eviction incorrectly can lead to legal complications, so the process must follow strict guidelines.


7. Tracking Rental Income and Expenses

Property owners are required to report rental income to the IRS and maintain accurate financial records.

Property managers track:

  • Rental income

  • Maintenance expenses

  • Vendor invoices

  • Property-related tax deductions

Detailed financial records help property owners stay compliant with tax laws and simplify annual tax reporting.


Why Many Homeowners Use Professional Property Management

Managing a rental property involves a combination of legal, financial, and operational responsibilities.

For homeowners relocating out of the area—or those who simply prefer a hands-off investment—professional property management can save time and reduce risk.

A professional property manager handles:

  • Tenant placement

  • Lease management

  • Maintenance coordination

  • Rent collection

  • Legal compliance

  • Financial reporting

In short, they take care of all the day-to-day responsibilities required to successfully operate a rental property.


Northern Virginia Property Management Since 1985

At WJD Management, residential property management has been our only business since 1985.

We manage rental homes for many types of property owners, including:

  • Foreign Service Officers stationed overseas

  • Military families on assignment

  • Government employees relocating temporarily

  • Northern Virginia homeowners renting their property

Our team handles every aspect of the rental process so homeowners can focus on their careers, families, or overseas assignments.


Start With a Free Rental Market Analysis

If you are considering renting your home, the first step is understanding what your property could rent for in today’s market.

WJD Management offers a FREE Rental Market Analysis for homeowners throughout Northern Virginia.

This analysis provides:

  • Estimated rental value

  • Local market comparisons

  • Rental demand insights

  • Preparation recommendations for your home


David Norod is the principal broker of WJD Management, a Northern Virginia residential property management firm serving homeowners since 1985. He enjoys helping more than 400 property owners keep their homes rented and running smoothly.

Ready to Get Started with Property Management?

Let WJD take the stress out of managing your rental property. From tenant screening to maintenance coordination, we handle the details so you can enjoy consistent income and peace of mind.